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My inexpert assessment is that this shift was precipitated by the creation of these tycoons in the industrial revolution. Prior to that, big corporations like t
by user3939382 4y ago
My inexpert assessment is that this shift was precipitated by the creation of these tycoons in the industrial revolution. Prior to that, big corporations like the India Tea Company were formally/directly associated with the State.
Getting into my more controversial political opinions, I believe now these corporations and their executives also control the government almost exclusively but they at least pretend they’re separate from the State.
- Avicebron 4y agoI assume you mean the East India Company? And from what I understand it was somewhat different than directly controlled by the state. Getting the "Queen's permission" was more of a business license, and they actively formed a lobby within in the government to lobby for a monopoly which was roughly 100 years after they were formed as a private venture.
- user3939382 4y ago> East India Company? Yep