#9 Understanding Colonialism: The New Globalisation: The Age of Monopoly Global Companies

The so-called National Charter companies were innovative at the time. They were financed from private sources, allowed to arm themselves for protection, and they set out to control the trade they could muster. The East India companies avoided the Ottomans, sailed around the Cape to India, and began to set up local agreements and build forts. Each of the new European companies rapidly discovered that the Indian and Chinese governments did not want to obtain what Europe had to offer, rather they felt themselves to be self-sufficient.