[P2P-F] Fwd: East India Company - Economist Article - A private army of 200 000 men

[Michel Bauwens]

---------- Forwarded message ----------
From: Dante-Gabryell Monson <dante.monson at gmail.com>
Date: Thu, Dec 22, 2011 at 6:56 AM
Subject: East India Company - Economist Article - A private army of 200 000
men
To: econowmix at googlegroups.com


http://www.economist.com/node/21541753

The East India Company The Company that ruled the waves As state-backed
firms once again become forces in global business, we ask what they can
learn from the greatest of them all

Dec 17th 2011 | from the print edition




excerpt :

The Company’s growing involvement in politics infuriated its mighty army of
critics still further. How could it justify having a monopoly of trade as
well as the right to tax the citizens of India? And how could a commercial
organisation justify ruling 90m Indians, controlling 70m acres (243,000
square kilometres) of land, issuing its own coins, complete with the
Company crest, and *supporting an army of 200,000 men*, all of which the
East India Company did by 1800?



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