The Law-less Legacy of Global Capital
…rst, Law’s Company acquired the similarly mismanaged and unprofitable East India and China companies, then slaving companies, then tobacco monopolies, and he even offered to buy up further quantities of the Crown’s bad debt, converting it to stock. Law’s public display of bewildering confidence in the future of his Company finally sold others on his ideas. The big idea man, who was also a consummate big talker, finally succeeded—for increasing pub…
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