To understand corporate chameleons like China’s Huawei, look to the era when the East India Company and other firms blurred the boundary between government and business
Chinese state capitalism as it exists today poses a special challenge to a world used to clear divisions between governments and private companies. But while role-swapping and hybridization between states and firms might seem new, it actually represents the return of a once-pervasive model.
After the European voyages of discovery in the 15th and 16th centuries, the most important trading networks between West and East weren’t built by kings or private merchants but by “company-states” like Britain’s East India Company, which combined the profit motive of corporations with the governmental powers of sovereign states.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan to tighten state lending for overseas coal power stations: NikkeiJapan will cut state-backed financing and other support for overseas coal-fired power plants by tightening the lending criteria for projects after facing criticism over its policy on the dirtiest fossil fuel, the Nikkei reported on Thursday.
Read more »
Nokia shares fall on concerns over potential loss of Verizon businessShares in Nokia fell up to 8% in Wednesday trade on concerns that the Finnish company was losing the business of its key client Verizon in the United States.
Read more »
SpaceX sees EXIM Bank as 'critical' in winning global market share from foreign competitorsUnited States space companies are hoping to get more help against foreign competitors through U.S. Export-Import Bank financing.
Read more »
Singapore scientists seek power from darkness through shadow energyScientists in Singapore are hoping to perfect a new method of power generation driven largely by shadows, with the hope that it could one day help highly urbanised cities power themselves.
Read more »
70% of companies storing data with cloud companies hacked or breached - Business InsiderA 'staggering' failure to adopt basic security habits led to 70% of companies storing data with Amazon, Microsoft, or other big cloud vendors getting hacked or exposing data last year, researchers say
Read more »
Kanye Would Model His Fictional Administration After Wakanda, Which Is Real'I am not interested in the least in a Kanye West Presidential Publicity Stunt news cycle, but I am interested in having a national conversation about a form of government modeled after a political structure that elevates Angela Bassett to power.' oureric
Read more »