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527. Can Adam Smith Fix Our Economy?

Freakonomics Radio

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The East India Company: Trade, Power, and Legacy

This chapter explores the historical role of the East India Company in shaping globalization and corporate power from its foundation by Queen Elizabeth in 1601. It examines the company's evolution from a trade entity to a governing force in the Indian subcontinent, highlighting its monopolistic practices and the resultant socio-economic implications. The discussion also draws parallels to modern corporations, questioning the intersections of commerce, governance, and morality in both past and present contexts.

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