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The author draws parallels between the
unethical business practices of the East India Company with
the most common complaints against the modern corporations
of the 20th and 21st centuries. He argues that, even today,
corporations strive to gain monopoly, by widening the
markets, weakening the competition and creating entry
barriers. He also argues that corporations are not satisfied
by profits alone and strive for power. Since these mighty
corporations have few self-correcting mechanisms, they have
the potential to harm the society through their pursuit of
profits and power.
Using the example of the East India Company, the author puts
forward the case for keeping the power of modern
corporations in check and ensuring corporate accountability.
He calls for strict regulations to align modern corporations
with the interests of the society and the need to break up
over-powerful corporations. |
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