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Is Norway the New East India Company?
A tale of gas and oil, opium and hypocrisy: If climate activists are unable to convince the richest country in the world of the benefits of climate control, how do they plan to convince Mexico, Nigeria or Russia?
In the 18th century, the English-led East India Company gradually managed to control most of India.
- Branko Milanovic
- The Globalist
Its rule was a disaster for India, but made many directors and stockholders of the company exceedingly rich.
The wealth enabled many of them to play important roles in English political, intellectual and business life.
As Adam Smith, an uncompromising critic of the East India Company, wrote:
“The government of an exclusive company of merchants is, perhaps, the worst of all governments for any country whatever.”
The Company switches gears
Faced with so…