Capitalism and the Dutch East India Company: Crash Course World History 229
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Date: 2022-04-04
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Comments and reviews: 9
Koos
Very good summary, but it's missing some context. the VOC didn't start off in a vacuum, and that is somewhat indicated in your introduction, where you mention the 7 provinces becoming independent from Spain (by reference)l The Dutch were already very successful and the core trade was within Europe, where they were more successful than any other nation for the reasons you mentioned as well as because of innovation (e. g. the 'fluit' ship design, and that success was envied by other nations, and they resented their indepence and religion (protestant. The Dutch were under attack from all sides. That was also the reason for the Glorious Revolution / invasion and takeover by William IIII, who was instrumental in upgrading English financial infrastructure just to keep his wars against the Catholics going - and in doing so, gave the English the instruments to beat the Dutch at their own game, as it were. The VOC and the WIC were in the context of the Dutch attempts to retain their success and defend against their English, French and Spanish attackers, as well as for mere profits.
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Very good summary, but it's missing some context. the VOC didn't start off in a vacuum, and that is somewhat indicated in your introduction, where you mention the 7 provinces becoming independent from Spain (by reference)l The Dutch were already very successful and the core trade was within Europe, where they were more successful than any other nation for the reasons you mentioned as well as because of innovation (e. g. the 'fluit' ship design, and that success was envied by other nations, and they resented their indepence and religion (protestant. The Dutch were under attack from all sides. That was also the reason for the Glorious Revolution / invasion and takeover by William IIII, who was instrumental in upgrading English financial infrastructure just to keep his wars against the Catholics going - and in doing so, gave the English the instruments to beat the Dutch at their own game, as it were. The VOC and the WIC were in the context of the Dutch attempts to retain their success and defend against their English, French and Spanish attackers, as well as for mere profits.
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Hunter
I think q better takeaway is that the government intervention in the VOC is what really cause all of the problems. You cannot have a monopoly without force, as evident by this. And force is inherently not free. The government funding the VOC was what caused all of the problems for it. The reason why violence was used. Because the government itself is an entity comprised entirely of violence. Corporations being more powerful than governments is a good thing, but only if the the government doesn't have a monopoly on anything. Currently governments generally have a monopoly on violence in the form of police and military and it has a monopoly on courts. In order to prevent violence, handing the responsibility of such resources over to the free market can solve all of the problems that the top down, government funded, monopolization causes. --
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I think q better takeaway is that the government intervention in the VOC is what really cause all of the problems. You cannot have a monopoly without force, as evident by this. And force is inherently not free. The government funding the VOC was what caused all of the problems for it. The reason why violence was used. Because the government itself is an entity comprised entirely of violence. Corporations being more powerful than governments is a good thing, but only if the the government doesn't have a monopoly on anything. Currently governments generally have a monopoly on violence in the form of police and military and it has a monopoly on courts. In order to prevent violence, handing the responsibility of such resources over to the free market can solve all of the problems that the top down, government funded, monopolization causes. --
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Alex
- 'There is no trade without war, nor war without trade. ' That's something to think about. -
. it's almost as if capitalism is a bit more than just the basic trade of goods and services within markets, a practice that has been thousands of years in the making, and more to do with the extraction of wealth to make more wealth expotentially. and the systematic deployment of violence and coercion necessary to uphold that
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- 'There is no trade without war, nor war without trade. ' That's something to think about. -
. it's almost as if capitalism is a bit more than just the basic trade of goods and services within markets, a practice that has been thousands of years in the making, and more to do with the extraction of wealth to make more wealth expotentially. and the systematic deployment of violence and coercion necessary to uphold that
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Dorkmax
Monopolies are not capitalist. Capitalism is about free enterprise and healthy competition, and that requires equal opportunity to start a business. Monopolies are inherently counterproductive to that concept, and thus are not capitalist. Its corporate authoritarianism.
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Monopolies are not capitalist. Capitalism is about free enterprise and healthy competition, and that requires equal opportunity to start a business. Monopolies are inherently counterproductive to that concept, and thus are not capitalist. Its corporate authoritarianism.
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Alex
A VOC captain to the Javanese: 'Heeft u een vlag? '
Javanese: 'Kita ora butuh bendera getih. Iku negara kita, bajingan! '
VOC: 'Geen vlag geen land! Ik kan er geen hebben! Dat zijn de regels die ik zojuist heb verzonnen'
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A VOC captain to the Javanese: 'Heeft u een vlag? '
Javanese: 'Kita ora butuh bendera getih. Iku negara kita, bajingan! '
VOC: 'Geen vlag geen land! Ik kan er geen hebben! Dat zijn de regels die ik zojuist heb verzonnen'
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Ratu
VOC really made Indonesia suffer with their ruthless way of monopolizing spices, but then again they built interconnected roads and other infrastructures that we still uses today in the present time
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VOC really made Indonesia suffer with their ruthless way of monopolizing spices, but then again they built interconnected roads and other infrastructures that we still uses today in the present time
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George
This is my favourite part of economics - the dutch and their revolutionary economic tools, it's just amazing how the right fiscal policies can lead to such a world dominance. it's mesmerizing!
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This is my favourite part of economics - the dutch and their revolutionary economic tools, it's just amazing how the right fiscal policies can lead to such a world dominance. it's mesmerizing!
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George
Cohen - the evil acountant who masterminded genocides, monopolies over whole regions and defeated the English. Seems that there is more to the accountant profession then we're being told.
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Cohen - the evil acountant who masterminded genocides, monopolies over whole regions and defeated the English. Seems that there is more to the accountant profession then we're being told.
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VCR
-All the capitalists call me marxists and all the marxists call me capitalists-
Same. Can-t we have a market economy with protections and social safety nets for workers and consumers?
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-All the capitalists call me marxists and all the marxists call me capitalists-
Same. Can-t we have a market economy with protections and social safety nets for workers and consumers?
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