
How a private corporation conquered India with an army twice the size of Britain's. "The Anarchy" reveals corporate violence that shaped modern capitalism, drawing praise from The New York Times as "a gripping tale of bloodshed and deceit" that eerily mirrors today's corporate power dynamics.
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In 1599, a handful of London merchants gathered to petition Queen Elizabeth I for a simple trading charter. Their ambition seemed modest enough: sail east, buy spices, return home with profit. Yet within a century and a half, this commercial venture would command armies larger than Britain's, collect taxes from tens of millions of people, and rule territories vaster than any European monarch. This wasn't a government's conquest-it was a corporation's. The East India Company's rise from merchant venture to imperial power reveals something unsettling: how easily the pursuit of profit can transform into the machinery of domination. Early Company traders weren't conquistadors-they were frustrated businessmen watching Dutch competitors rake in 400% profits while they scraped by. When the Company received its royal charter in 1600, England was a backwater agricultural nation, religiously isolated and commercially irrelevant. The Dutch East India Company raised ten times the English capital and immediately offered investors a staggering 3,600% dividend. The English, by contrast, sometimes recruited crew members straight from Newgate prison. After losing the spice trade to better-capitalized Dutch rivals, the Company pivoted to Indian textiles and cotton. This proved transformative. By mid-century, they were importing a million pounds of pepper annually, and the Company had become a financial colossus, stimulating both London's docks and its nascent stock exchange. Yet they remained traders, not rulers-because they had encountered something unprecedented in their colonial experience: a power they couldn't simply overwhelm.