Thursday, August 13

Tag: East India Company

THE ARABS BUY THEIR WAY INTO THE 21ST CENTURY
Study of Societies

THE ARABS BUY THEIR WAY INTO THE 21ST CENTURY

How and when we came to be ruled by the giants is not important, because those who come to rule inevitably become giants themselves. The first giant company (a multinational business) to rule over a nation was the Honourable East India Company (HEIC). It was established in December of 1600 by the queen of England, Elizabeth I. HEIC (1600-1874) originally was established for trade purposes only, to expand trade between England and India. But later, HEIC began to take an active role in the political affairs of India as the Mogul power began to decline. India soon found itself under the occupation of the British and the HEIC. The fact is that wealth not only captures the power, it also subjugates it. Hence, the big businesses could not resist manipulating the traditional centres of power. ...