Wednesday, December 4, 2019

The dangers of unrestrained global corporate power

Here are the closing words of the book, The Anarchy: The East India Company, Corporate Violence, and the Pillage of an Empire by William Dalrymple.
The East India Company remains today history’s most ominous warning about the potential for the abuse of corporate power - and the insidious means by which the interests of shareholders can seemingly become those of the state. For, as recent American adventures in Iraq have shown, our world is far from post-imperial, and quite probably will never be.
Empire is transforming itself into forms of global power that use campaign contributions and commercial lobbying, multinational finance systems and global markets, corporate influence and the predictive data harvesting of the new surveillance -capitalism rather than - or sometimes alongside - overt
military conquest, occupation or economic domination to affect its ends.
Four hundred and twenty years after its founding, the story of the East India Company has never been more current.

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