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Quote by Yanis Varoufakis

“Up until the end of the 16th century, even global trading outfits like the Levant Company were guilds or partnerships, whose members pooled their resources that none could accomplish in isolation. But then, on the September 24, 1599, in a half-timbered building off Moorgate Fields, not far from where Shakespeare was struggling to complete Hamlet, something momentous happened. A company was founded whose ownership was cut up into tiny pieces to be bought and sold freely and anonymously, like pieces of silver. Once could own a piece of the company without being involved of it, indeed without even telling anyone. The first global joint-stock company was thus born, undoubtly Tudor England’s most revolutionary invention. Its name? The East India Company.”

Book:Another Now: Dispatches from an Alternative Present

Work

Another Now: Dispatches from an Alternative Present

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Author

Yanis Varoufakis

Yanis Varoufakis is a Greek economist and politician who served as the Finance Minister of Greece from 2015 to 2015. He is known for his role in the Greek debt crisis and his advocacy for a more democratic economic system. more

“The right to issue unlimited quantities of anonymously tradable shares, along with the institution of a liquid market for them, created something new: corporations with power so immense, it dwarfed that of their countries of origin, and could be deployed in faraway places assiduously to exploit people and resources. Shareholding and well-governed share markets fired up history, separating ownership from the rest of the East India Company’s activities unleashed a fluid, irresistible force. Unchecked, the East India Company grew more powerful than the British state, answerable only to its shareholders. At home, its bureaucracy corrupted and largely controlled Her majesty’s government. Abroad, its 200,000-strong private army oversaw the destruction of well-functioning economies in Asia and a number of Pacific islands and ensured the systematic exploitation of their peoples.”

Capitalism Corporations Liberalism East India Company Joint Stock Shareholding Capitalist Property Rights

Book:Another Now: Dispatches from an Alternative Present

Source: Another Now: Dispatches from an Alternative Present

“A priority list with GOALS is much better than a priority list with people.”

Life Quotes

Author:ARna

“The heinous misdeeds committed by the empire are no longer privy to debate. It's a known fact, at least to people with some basic brains... Imagine me coming to your home and then declaring myself the guardian of the house while helping myself with all your resources and keeping you as underling - you know, like the pilgrims did to the native Americans. Sucks right! Exactly my point!”

Oppression Occupation Colonialism British Empire British History British Imperialism East India Company British Raj

Book:Making Britain Civilized: How to Gain Readmission to The Human Race

Source: Making Britain Civilized: How to Gain Readmission to The Human Race

“One of the reasons for this cataclysmic change of destinies was the inherent weakness of a decaying agricultural empire of the Mughals which after more than two hundred years of rule over vast areas of India, was at its terminal stage and needed a small push to crumble like a house of cards.That push was given by six East India Companies of different European countries which had extracted rights to trade with India from the Mughals but transformed themselves as the arbiters and protectors of several Indian states. In this process they not only became rich but also militarily strong because in the twilight years of the Mughal empire, deteriorating security environment necessitated to arm themselves to protect their economic interests. Because of their inherent superiority as representatives of rising industrial powers, they had access to modern techniques and technology of warfare, which turned out to be the decisive factor in capturing vast territories in India.”