Karen·’s Reviews > The Anarchy: The Relentless Rise of the East India Company > Status Update
Karen·
is on page 233 of 390
In itself, the Regulating Act (1773) did little to muzzle the worst excesses of the EIC, but it did create a precedent, and it marked the beginning of a steady process of state interference in the Company that would ultimately end in its nationalisation eighty years later, in 1858.
— Jan 28, 2020 08:31AM
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Karen·’s Previous Updates
Karen·
is on page 233 of 390
The world's first aggressive multinational corporation was saved by one of history's first mega-bailouts, an early example of a nation state extracting, as its price for saving a failing corporation, the right to regulate it and rein it in. But despite much parliamentary rhetoric, the EIC still remained a semi-autonomous imperial power in its own right, albeit one now partially incorporated within the state...
— Jan 28, 2020 08:29AM
Karen·
is on page 202 of 390
'Through many unexpected contingencies, an incorporated society of private traders (has become) a cabinet of Asiatic princes.' The result was what Adam Smith would call 'a strange absurdity' - a Company State.
— Jan 28, 2020 06:25AM
