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“By 1891, six years into the attempt to build the EIC, the whole project was on the verge of bankruptcy. It would have been easy for Léopold to raise revenues by sanctioning imports of liquor that could be taxed or by levying fees on the number of huts in each village, both of which would have caused harm to the native population. A truly “greedy” king, as Hochschild repeatedly calls him, had many fiscal options that Léopold did not exercise.” — Bruce Gilley
By 1891, six years into the attempt to build the EIC, the whole project was on the verge of bankruptcy. It would have been easy for Léopold to raise revenues by sanctioning imports of liquor that could be taxed or by levying fees on the number of huts in each village, both of which would have caused harm to the native population. A truly “greedy” king, as Hochschild repeatedly calls him, had many fiscal options that Léopold did not exercise.