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"The first interesting thing is that while the structure, the charter and all that sounds about normal for any corporation, they had less than 200 people until
by amriksohata 4y ago
"The first interesting thing is that while the structure, the charter and all that sounds about normal for any corporation, they had less than 200 people until the 1800s in the London office, part time clerks and all. That is efficiency!"
The article reads as if the company was run very efficiently, yet it made India one of the richest countries in the world, with a population of 300 million very poor and in return transferred wealth to London, making a much smaller population richer but only for a shorter period. This is very inefficient, as they looted the trades and spices which helped Indians live within their means and instead created industries that were propped up on instable economics.
- exBarrelSpoiler 4y ago> instead created industries that were propped up on instable economics Ah, perhaps then it is appropriate to praise them in tech startup related spaces.
- amriksohata 4y agothe point is they didnt need tech startups, they were happy, rich, well fed, simple lives