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Lack of regulation from "summary" of The Anarchy by William Dalrymple
The absence of regulation in the early days of the East India Company allowed for an environment where unchecked power and corruption thrived. With no oversight or accountability, the Company's officials were free to exploit the resources and people of India for their own gain. This lack of regulation led to widespread abuse, as Company agents operated with impunity, amassing great wealth through extortion, bribery, and violence. The Company's dominance was further solidified by its military might, which it used to enforce its will and suppress any challenges to its authority. This unchecked power allowed the Company to establish a monopoly over trade in India, dictating terms to local merchants and rulers and extracting exorbitant profits at the expense of the Indian population. The absence of regulation also had devastating consequences for the Indian economy, as the Company's policies prioritiz...
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