RCH: 10 corporations that gave capitalism a bad name

That’s the subject of my weekend column over at RealClearHistory. An excerpt:

5. Dutch East India (1602-1799). The VOC, as the Dutch East India Company was known, exemplified corporate plunder and colonial oppression in the 17th and 18th centuries. Its demise was only met after Napoleon’s revolutionary armies conquered the Netherlands, and for nearly 200 years the VOC brutally oppressed and exploited Asian lands in the name of monopoly and Dutch interests of state. The VOC was created to give the Netherlands a presence in the burgeoning world of global trade that had been started by Spain and Portugal after the former’s colonization efforts in the New World. The VOC wanted to cut off Spain and Portugal (and, later, the U.K., France, and U.S.) from world trade, and monopolize industries in order to benefit Dutch society. This logic led directly to not only the horrible things that happened in VOC-governed territory, but also to the corruption and unnecessary wars that happened in the Netherlands.

Please, read the rest.

2 thoughts on “RCH: 10 corporations that gave capitalism a bad name

  1. I just paid my electric bill (pg&e) which allocated costs to me to pay for their bankruptcy and to pay the crazy expensive contracts Gov Davis put in place to ensure supply almost 20 years ago. So I nominate Enron.

    • Mark,

      Ouch. Enron is definitely a good one. I know the teacher’s union here in Texas got hosed by Enron, too.

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