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August 11, 2024 - October 26, 2025
With various instances of extortion and other deeds of maladministration … With impoverishing and depopulating the whole country … with a wanton, and unjust, and pernicious, exercise of his powers … in overturning the ancient establishments of the country … With cruelties unheard of and devastations almost without name … Crimes which have their rise in the wicked dispositions of men – in avarice, rapacity, pride, cruelty, malignity, haughtiness, insolence, ferocity, treachery, cruelty, malignity of temper – in short, nothing that does not argue a total extinction of all moral principle, that
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‘When the Tartars entered China and into Hindoostan, when all the Goths and Vandals entered Europe, when the Normans came into England, they did so as a Nation.’ The Company in India does not exist as a Nation. Nobody can go there that does not go in its service … They are a Nation of Placemen. They are a Republic, a Commonwealth, without a people … The consequence of which is that there are no people to control, to watch, to balance against the power of office … Out of this has issued a species of abuse, at the head of which Mr Hastings has put himself against the authority of the East India
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‘Every rupee of profit made by an Englishman is lost to India for ever. Every other conqueror … has left some monument behind him. Were we to be driven out of India this day, nothing would remain to tell that it had been possessed, during the inglorious period of our domination, by anything better than an ouran-outang or the tiger … [The Company appears] more like an army going to pillage the people under the pretence of commerce than anything else … [Their business is] more like robbery than trade.’
Forty years earlier, in 1750, the Company had been a trading corporation with a small security force and a few crumbling forts; by 1790 it had effectively transformed its Indian holdings into a tightly run fiscal-military state guarded by the most powerful army in Asia.
‘Ladies and gentlemen,’ said Lord Wellesley, raising a glass, when the news of Tipu’s death was brought to him, ‘I drink to the corpse of India.’
Terrible as it was, the Battle of Delhi was the last time British troops faced French officers in South Asia, ending more than a century of rivalry which had caused so much bloodshed, mostly of non-Europeans, across the subcontinent.
Most importantly, the Battle of Delhi decided the future fate of India. The Marathas were the last indigenous Indian power that was militarily capable of defeating the Company and driving it out of South Asia. There were other battles still to be fought against both Scindia and Holkar before they surrendered, but after Assaye and Delhi the outcome of the war was quite clear. The last power who could have ousted the Company had been humbled and was about to be conquered.
The Company’s conquest of India almost certainly remains the supreme act of corporate violence in world history. For all the power wielded today by the world’s largest corporations – whether ExxonMobil, Walmart or Google – they are tame beasts compared with the ravaging territorial appetites of the militarised East India Company. Yet if history shows anything, it is that in the intimate dance between the power of the state and that of the corporation, while the latter can be regulated, the corporation will use all the resources in its power to resist.

