{"id":7413,"date":"2023-07-31T12:03:41","date_gmt":"2023-07-31T12:03:41","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=7413"},"modified":"2024-02-06T07:14:50","modified_gmt":"2024-02-06T07:14:50","slug":"the-legal-fiction-that-drove-colonialism","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2023\/07\/31\/the-legal-fiction-that-drove-colonialism\/","title":{"rendered":"The legal fiction that drove colonialism"},"content":{"rendered":"<p>We often look at colonial empires as territories gained and occupied by nation states. But across four centuries, colonialism has above all been the business of companies, says my interviewee in <a href=\"https:\/\/blubrry.com\/newmoneyreview\/111145461\/the-legal-fiction-that-drove-colonialism\/\">the latest <em>New Money Review<\/em> podcast<\/a>.<\/p>\n<p>Philip Stern is the author of a new book called \u2018<a href=\"https:\/\/www.hup.harvard.edu\/catalog.php?isbn=9780674988125\">Empire, Incorporated<\/a>\u2019, in which he explores the role of the company in British colonial history.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-7412\" src=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2023\/07\/Philip-Stern.jpg\" alt=\"\" width=\"225\" height=\"225\" srcset=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2023\/07\/Philip-Stern.jpg 225w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2023\/07\/Philip-Stern-150x150.jpg 150w\" sizes=\"auto, (max-width: 225px) 100vw, 225px\" \/><\/p>\n<p><em>Philip Stern<\/em><\/p>\n<p>In it, he argues that corporations conceived, promoted, financed, and governed overseas expansion, making claims over territory and peoples while ensuring that British and colonial society were also invested, quite literally, in their ventures.<\/p>\n<p>Colonial companies were also relentlessly controversial, frequently in debt and prone to failure, says Stern.<\/p>\n<p>Like empire itself, says Stern, the joint-stock company was an elusive contradiction: it was both public and private; person and society; subordinate and autonomous; centralised and diffuse; immortal and precarious; national and cosmopolitan\u2014it was a legal fiction with very real power.<\/p>\n<p>In the podcast, we cover:<\/p>\n<ul>\n<li>How private enterprise fuelled the growth of the British empire<\/li>\n<li>Why the joint stock corporation underpinned colonial expansion<\/li>\n<li>The political and legal advantages of the corporation<\/li>\n<li>Why the 16<sup>th<\/sup> century saw an explosion in adventuring and speculation<\/li>\n<li>Why many US states were formed as chartered corporations<\/li>\n<li>How the East India Company became the first \u2018company-state\u2019<\/li>\n<li>Why the 1880s\/1890s \u2018scramble for Africa\u2019 followed corporate models<\/li>\n<li>Tech giants and new virtual empires<\/li>\n<li>Natural resources, private military companies and today\u2019s geopolitics<\/li>\n<\/ul>\n<p><em><a href=\"https:\/\/blubrry.com\/newmoneyreview\/111145461\/the-legal-fiction-that-drove-colonialism\/\">Listen to the podcast<\/a><\/em><\/p>\n<p><em><strong>Don&#8217;t miss the full list of episodes of the New Money Review podcast, &#8220;<a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">the future of money in 30 minutes<\/a>&#8220;. We feature the top minds in financial history, payments, digital currency, crypto, law, technology and financial crime.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We often look at colonial empires as territories gained and occupied by nation states. But across four centuries, colonialism has above all been the business of companies, says my interviewee [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":7411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1012,1053,1027],"tags":[2221,2223,2222,2224,2225],"class_list":{"0":"post-7413","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-exchange","9":"category-featured-1","10":"category-our-picks","11":"tag-british-empire","12":"tag-colonialism","13":"tag-east-india-company","14":"tag-empire","15":"tag-philip-stern"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The legal fiction that drove colonialism - New Money Review<\/title>\n<meta name=\"description\" content=\"Companies, not nation states, drove colonial expansion from the 16th century onwards. 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