Replying to Avatar Leo Wandersleb

#TIL: The East India Company

* was functional from 1600 to 1874 - for 274 years.

* had its own armed forces, totalling about 260,000 soldiers, twice the size of the British army at the time.

* ruled India from 1757 to 1858.
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PirataCuervo 2y ago

Def low time preference

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Leo Wandersleb 2y ago

Back then, conquering other countries was a fair business venture, supported by the king.

I'm not sure if grabbing what they can was necessarily low time preference. Maybe it was just so in bed with the crown that competition just wasn't allowed until the "company" itself was obsoleted by the crown?

I'm curious to watch some documentary on that ...

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PirataCuervo 2y ago

Conquering other countries has to be considered low time preference I think. In comparison to say, raiding.

It's the staying power and the long hard part that comes after the conquering that they saw through.