When Trump announced that the American government would be taking an equity stake in Intel, Mussolini likely turned over in his grave. The blending of Big Business with Government was not invented by Trump or Mussolini, but really is best exemplified by the British East India Company.

The most powerful company in the history of Western civilization was the East India Company, which later merged with the British government. They cornered the market on textiles for over a century, while simultaneously running the global opium industry and slave trade. Its creation and use of private mercenary armies allowed it to control India long before the British government did, while the East India Company’s leased troops massively outnumbered the Indian military for centuries.

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#576: The American East India Company