." >> professor benjamin hopkins, what is the east india company? >> the british east india company was a semi commercial company founded in the year 1600 by royal charter by queen elizabeth, which gave it the exclusive right to trade with the indies, english merchants. over time that transformed into a kind of peer saddle juggernaut and the myth that is extremely complex and difficult to understand, but the key thing about the east india company was that after the mid 18th century these to the company came to rule over much of the south asian subcontinent, which included most of modern-day bangladesh, india, and pakistan. the east india company was rolled up in 1858 following the great beauty of 1857 and 1858. control of the south asian subcontinent passed directly to the british crown. >> how did this to its charter? >> its charter was granted to a group of merchants who have petitioned the elizabethan court for the exclusive right to trade, and it was actually one of a number of european trading companies, including the hudson bay company that was

you know in the united states we overthrew corporate rule in seven hundred seventy six the east india company used to base of the iran north america and now michigan is returning to corporal democracy in a republic is the will of the people being exercised through their representatives for rick snyder to say that he can replace the republican governor in michigan to say that he can replace democracy with a quarter million dollar a year manager it's a crime against democracy i mean there's just no other way to describe it than just simply as a quiet against democracy especially when the people he's put in place are buddies in his or friends of his friends and this is like the british east india company again that that's who's tea we threw in the arbor in seven hundred seventy three the beginning of the american revolution it was against a corporation not against a government like when the british east india company used to run north america and spread the profits among its stockholders who by coincidence were members of the parliament or the king was one of the major stock holders. it should b

at that time there remembered in new about the enormous power of the east india company which ruled india with an absolute iron hand for many years, devastating human casualties. they knew about the hudson bay company that was in the north america, and while the modern forms of the corporation was being established, the textile mills some years after the constitution was ratified in new england, their reference point was the menacing power of this gigantic corporation. it did not want to replay and proliferating form in the country that they thought would succeed their constitutional structure in the usa. now, what is important here to realizes that there has been a whole series of ways to fight back. people have fought back. they have fought back as workers, they have fought back as parents, they have fought back as buyers and shoppers. they have fought back as farmers. they fought back as women, slaves. they have fought back. and we have come in our history, the following ways that they have fought back. they fought back trying to use the vote. they fought back with regulation of these

it was burke who insisted on accountability for the east india company. this is the same spirit of responsibility that helped drive the campaign against the slave traders and the appeal which forced up the price of food, and they began to set working conditions. it is true great campaigns for reform drew strength, but social responsibility watching over business correcting market failure, recognizing obligations have been part of the conservative condition from the start, and my position has been about renewing that commitment and long standing tradition. tradition. corporate social responsibility and environmental responsibility has been constant themes in the arguments i've made and policies have developed. soon after i was elected leader and said that we should not just stand up for business, but also we should stand the two big business when it was in the national interest to do so. three years ago i argued that previous government turbo s. and i turned a bright day to coorate excess, while we believed responsible capitalism and government would make

partnered up to rob the taxpayer just like the king of england partnered up with the british east india company and they were attempting to rob the colonies. this is what the republican party needs to focus on if they will convince me that they are a party of limited government. a senate banking subcommittee -- goldman sacks wants cap and trade and they have been bailed out a number of times and continue to get bailed out. in the said committee hearing, the chairman of the subcommittee said that the ceo of the cbo says that it cost $6 trillion. dodd-frank was voted correctly to fix the too big to fail problem. host: that is a lot to work with. guest: i agree. it is insanity. we have to stop. we have to draw a line in the sand. we have to stop paying to put shrimp on treadmills, which is actually happening with our money. that is money that is forcibly removed from us. that is in the form of taxes. they have no idea what they're doing. we do need a conservative who will get into the white house and simply say no. it is enough. we are in a ridiculous position right now where we're borrowing trill

for the east india company with william pitt abroad and at the of government.same spirit of responsibility helped drive the campaign against the slave traders. the appeal that led to the -- the forest up the price of food and the is -- backtracks which began to set working conditions. of course it's true that great campaigns for reform drew starring so many other movements too. but social responsibility watching over business correcting market failure, recognizing obligations that is in part of the conservative mission from the start. and a large part of my leadership has been about renewing that commitment and that long-standing tradition. corporate social responsibility and environmental responsibility have been constant themes in the arguments i have made and the policies i have developed. soon after i was elected leader i said that we should not just stand up for business but also we should stand up to big business when it was in the national interest to do so. three years ago i argued that the previous government's turbo capitalism had turned a blind eye t

we saw this with the british east india company trying to rob the colonies.his is what the republican party needs to focus on if they're going to convince me that they are a party of limited government. getting back to the banking issues, goldman sachs of course once cap and trade. they have also been bailed out a number of times and continue to get bailed out. in the subcommittee hearings, senator brown was the chairman of the subcommittee, and he said that the cbo estimates the cost taxpayers lost bailing out the banks is close to $8.6 trillion. dodd-frank was supposed to fix the too big to fail problem. host: we are going to leave it there. you have given us a lot to work with. guest: i agree. it is insanity. we have to draw a line in the sand. we have to stop paying to put shrimp on treadmills with our money. that is money that is forcibly removed from us. they have no what -- no idea what they are doing. we need a conservative in the white house who is going to say it is enough. we are in a position of baring trillions of dollars from china, and every ye