Corporations as Nations

The center of power is shifting from state to the private sector.

He was an old man by then. Blind, living in the ruins of his palace, what was once his empire in tatters around him. A contemporary described Shah Allam II, emperor of the Mughals, as a “wretched King of shreds and patches." By 1803, Allam's kingdom was particularly threadbare. His old enemy, the British East India Company (EIC) had bested him once agai…