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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
The East India Company, Corporate Violence, and the Pillage of an Empire
The Anarchy by William Dalrymple is a historical account of the East India Company's rise to power in India, and the devastating consequences of its profit-driven actions for the Indian subcontinent.
The East India Company was founded in 1599 as a joint-stock company. The joint-stock company was a sixteenth-century English innovation that allowed collectives of medieval craft guilds to combine their purchasing power. The aim of this new type of corporation was to enrich shareholders and investors. Spurred by lucrative colonial profiteering in the Caribbean, Queen Elizabeth I gave the Company a royal charter, granting it monopoly over trade in the East Indies.
The first English men stepped foot on Indian soil in 1608. Their mission? Establish trade with the Mughal empire, which had been the dominant political power on the subcontinent for nearly a century. Dripping in jewels and draped in lavish fabrics, the Mughals stunned the Europeans with their wealth and sophistication; these first interactions are the origin of the modern-day word “mogul.”
But it wasn’t until 1614 that the Mughal emperor, Jahangir, received English emissary Thomas Roe. Roe tried to focus the conversation on trade, but Jahangir – bored of talking about money – wanted to discuss art and astronomy for hours.
Finally, Roe got permission to build a trading fort in Madras. Soon after, another fort was built in Bombay. And then another, in Calcutta.
At first, it was a beneficial relationship for everyone. Company trade blossomed, and more European investors soon lined up. Drawn by the stable trade in India, thousands of artisans and merchants moved to the Company’s new settlements. By the 1690s – just 30 years after the Company built its first fort – Bombay had grown from a backwater port to a commercial capital that was home to 60,000 people.
Many migrants to the cities were seeking refuge from an increasingly unstable countryside. The Mughal emperor Aurangzeb died in 1707, leaving no clear heir. His rivals pounced. First came the Marathas, Hindu peasant guerrilla fighters. Then Afghan warlord Nader Shah ruthlessly sacked Delhi in 1737. The many wars against these enemies drained the Mughal coffers.
Mughal power was in chaos. The East India Company and its rival French counterpart, Le Compagnie, took advantage by surreptitiously building more forts. When the Mughals tried to punish this impudence, 700 French sepoys – European-trained Indian soldiers – trounced 10,000 Mughals at the Battle of the Aydar River in 1745.
It was now clear that eighteenth-century European military tactics could best anything in the Mughal armory. The English and French trading concerns in India transformed into increasingly bellicose, militarized entities.
India was primed to be violently transformed into the richest colony the world had ever known.
The Anarchy (2019) details how the East India Company, an English joint-stock corporation, came to rule the British economy – and the fates of 200 million South Asians. From its founding in 1599 by privateers and pirates to its time as master of the largest standing army in South Asia, the Company fanned the flames of anarchy, then used the resulting chaos as an opportunity to loot an empire.
The Anarchy (2019) by William Dalrymple is a captivating historical account of the rise and fall of the British East India Company in 18th century India. Here's why this book is worth reading:
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Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Get startedBlink 3 of 8 - The 5 AM Club
by Robin Sharma
What is the main message of The Anarchy?
The main message of The Anarchy is the rise and fall of the East India Company, and its impact on India.
How long does it take to read The Anarchy?
The reading time for The Anarchy varies, but it would take several hours. The Blinkist summary can be read in just 15 minutes.
Is The Anarchy a good book? Is it worth reading?
The Anarchy is a captivating and informative book that sheds light on an important period in history. It is definitely worth reading.
Who is the author of The Anarchy?
The author of The Anarchy is William Dalrymple.