Sovereignty is the ultimate business, because you get paid just for existing. You become the ultimate rentier, because you own all land by default, and have a m

Sovereignty is the ultimate business, because you get paid just for existing. You become the ultimate rentier, because you own all land by default, and have a monopoly on violence. The British East India Company outright ruled vast areas of India; it was eventually nationalized, and all territories it controlled were ceded to the crown because it became too powerful in its own right.