75. The East India Company
The Rest Is History
The Importance of Long-Term Investments and Responsibility in Governance
The comparison between different views on moguls highlights the importance of long-term investments by rulers. While some rulers integrate fully into the country and invest in key assets like grain stores, ensuring stability during monsoon failures, others like the East India Company lack a sense of responsibility towards the people they rule. The East India Company efficiently extracts wealth through local tax systems but fails in providing essential services during famines, exemplifying the impact of lacking long-term investment and responsibility in governance.
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