Commentary
History offers a powerful lesson for any nation on the brink of surrendering key sovereign powers to outsiders. The East India Company (EIC), which once exercised dominion over a large part of the Indian subcontinent and Hong Kong, ultimately failed because of its lack of accountability, rampant corruption, mismanagement, and the prioritization of profit over the well-being of the people. The EIC’s legacy is clear: when foreign companies exercise sovereign-like authority, abuse and exploitation follow, undermining national interests and eroding public trust. Sovereignty cannot be outsourced without harmful consequences.