Chains of Commerce: How Britain’s need for gold forced ‘circuitous route’ that crushed India’s trade (From the Archives)
New Delhi, Dec 21 (IANS) The early 19th century in India was not an era of equitable administration, but a period defined by the unrelenting political despotism of the British East India Company (EIC). Despite the Company’s self-serving claims that the "welfare and happiness of the inhabitants" was its "chief object" and that it had replaced a chaotic system with "courts of justice", the reality for the seventy to eighty millions of souls under its command was subjugation. They were ruled, as critics in Britain conceded, as those whom the British were "despots over".