By Brad Reed
A historian who has written four books about the British East India Company is warning that big technology companies in the US are amassing similar levels of unchecked power and will need to be reined in.
In a New York Times op-ed published on Friday, William Dalrymple described how the British government eventually realized that it had allowed the East India Company—key to the British Empire’s rise in the 18th and 19th centuries—to become too powerful and decided to finally clamp down.
The situation faced by the British Parliament in the 19th Century was strikingly similar to the situation faced by US lawmakers today, Dalrymple explained, as the East India Company had spent decades spending money to capture influence within the government.
“Around one in 20 members of Parliament sat on the East India Company’s board,” the historian wrote, “and more than a fifth of the company’s directors sat in Parliament at some point; about 40% of members of Parliament were shareholders.”
In the contemporary context, the executives of the nation’s largest tech firms are spending lavishly to curry favor with lawmakers and government officials of both major parties
Writing in The Nation last month, investigative journalist David Moore detailed the massive political spending of major tech firms in the 2026 midterms, noting that “Super PACs working on behalf of crypto, AI, and AIPAC donors are the highest-spending groups on independent expenditures to influence voters this cycle—combining to spend more than $180 million so far, according to a review of Federal Election Commission records.”
In addition to political clout, the East India Company in its day also had the power to raise its own army, which at its peak topped 200,000 soldiers, twice the size of England’s own armed services.
Also read: SpaceX, the New East India Company, and the New Frontier of Corporate Sovereignty
Dalrymple pointed out that this is one power that today’s Big Tech firms do not have, although he argued that they have been increasingly integrating themselves into the US military-industrial complex.
“In June 2025 the US Army commissioned the chief technology officers of Palantir and Meta and OpenAI’s chief product officer as lieutenant colonels in a new Reserve unit,” he noted. “The new dispensation puts tech executives straight into a position of federal power, which in one way puts them ahead of their 18th-century counterparts.”
The government finally dropped the hammer on the East India Company, Dalrymple said, after the bloody Indian Rebellion of 1857, as they feared the firm’s “greed and self-interest” would cause the British Empire to lose what it considered its most valuable colony.
“The company’s navy was disbanded and its army passed to the Crown,” wrote Dalrymple. “In 1858 the governor general of India announced that the company’s Indian possessions would be nationalized and pass into the control of the British Crown.”
Less than two decades later, what was once the most powerful private corporation in world history shut down after the expiration of its charter.
What this shows, concluded Dalrymple, is that “states can master corporations,” even if those corporations have their own private armies.
However, he said that while the instruments to take apart entrenched corporate power “still exist,” it appears our current governments are “lacking… the political nerve to use them.”
Dalrymple’s op-ed was echoed thematically by a Friday op-ed written by SFGATE travel editor Silas Valentino, who argued that the city of San Francisco has not gotten any benefit from the current artificial intelligence boom, despite being the home of OpenAI and Anthropic, the world’s two biggest AI firms.
In particular, Valentino argued that the AI firms have done nothing to give back to the city and alleviate its affordable housing crisis. In fact, Valentino found that the AI firms’ initiatives in the city appear to be mostly self-serving.
“OpenAI says it has invested in our community, but so far, that’s meant less than a million dollars in ‘SF civic contributions,’” Valentino wrote. “And worst of all, some of that is for things like AI training programs… That’s not improving the city; it’s OpenAI trying to make more money.”
Valentino also noted that Anthropic last year teamed with the Tipping Point Community nonprofit group, which was founded by current San Francisco Mayor Daniel Lurie, to provide free training on the company’s Claude chatbot.
“In the years since language models like ChatGPT and Claude proliferated to usher in the AI boom,” the travel editor wrote, “I’m only counting negatives for nearly everyone trying to figure out a way to live here.”
Valentino concluded by warning that if Lurie and his administration “don’t demand these companies start giving back and enhance our city for the better, they’ll continue ruining our city without pause.”
Republished from Common Dreams. Read the original article here.
