The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire

The wording was sufficiently ambiguous to allow future generations of EIC officials to use it to claim jurisdiction over all English subjects in Asia, mint money, raise fortifications, make laws, wage war, conduct an independent foreign policy, hold courts, issue punishment, imprison English subjects and plant English settlements.

Early joint-stock companies were instruments of rampant financial speculation as well as economic imperialism.

But we soon found that “the cupboard was bare,” and then the genie of plunder arose and such a scene ensued as I fancy has never yet been equalled.

The structure of the corporation is a telling case in point—and it is no coincidence that the first major joint-stock corporations in the world were the English and Dutch East India companies, ones that pursued that very same combination of exploration, conquest, and extraction as did the conquistadors. It is a structure designed to eliminate all m

is always a mistake to read history backwards. We know that the East India Company (EIC) eventually grew to control almost half the world’s trade and become the most powerful corporation in history, as Edmund Burke famously put it, ‘a state in the guise of a merchant’. In retrospect, the rise of the Company seems almost inevitable. But that was not