The Dutch East India Company – The World’s First Evil Corporation


Episode Transcription

Made by robots for robots. Only read if you're weird.

Hey, man, have you ever heard of spices? Like? Yeah, like spices. What? What is? What is that? You should bring that from a whole some nundagg. I'm allergic to that. Why did you? Why do you have what is? Because that's what we're talking about today, is spices rounding nut meg. We're talking about NUTMEG. If you're listening, I just blue nutmeg all over chair and poured a bunch in my hand and I just blew like this dust. I think there's my eye. Jeez. Do you know what's gross is every pastor's House I've gone to they got a whole shelf of spices. Who Do we kill for this? What if? And hear me out? Instead of more, we tried more, but they got to start this military basebook's got a military group in my backyard, though I love them. Things I learned last night. Spices as a whole. No, are we going to talk about the girls? No, have you ever heard of u? Um, is there a nutmeg candle? Because that doesn't smell bad. Yeah, maybe we should just blow it in the office every time we walk in. Yeah, it's a good luck thing. If we don't do it, we die. Every day. It becomes a thing where we sprinkle nutmeg over the door, over the art of our door. Someone comes in and we go, oh no, you didn't not make the door. To make the door, dude, okay, get just coming to you without making that door. You know. Hey, that's how are we going? The spices? Okay, have you ever heard of? Um? Have you ever heard of? That's what we're talking about. We said, Hey, Alex, it's gonna if Tim's Tim's been under a lot of stress lately and sometimes when we got on the podcast, it seems like his brain is a little all over the place. And Alex, we told Alex, Hey, if you noticed tim being weird, you know, and I think you're going, okay, let me try to read this, because you're trying to pronounce this. I'm trying to pronounce this. Uh, very night. Oosten dish Campagni. They called the VSC. It's way easier to say that a person or a place or a spice. It's none of that. Uh, it's we call it, we Americans. We call it the Dutch east India Company. Okay, that yes, okay, cool, Um, long story short, Um, a little intro on the Dutch east India Company, or we'll call it voc I think vsc sounds way cooler than that Um, and that's easier to pronounce than the other one. Um It is. Most people would agree, Um, that it's the biggest company that's ever existed in the history of the world. They kindly exist. No, they don't, they they're gone. Um. Uh. They shipped spices so that they have nutmeg over the door. They sold the MEG but they didn't make the door, so they the estimates. Estimates are a little sketch and we can get to that in a little bit. But the estimate, the most well like agreed upon estimate of the value at its peak was seven point nine trillion dollars, like in today's value, adjusted for inflation, which would make it more which would make it more valuable than apple, Amazon, Um and Tesla combined. Uh. And the only two nations that would have a GDP higher than the value of this company would be the U S and China. Every other nation of the world would be worth less than Huh, this company, than this company. They were an Incredi is the Dutch east India. East India, that's what we call it. That's not their name. Their name was that very knees thing that I couldn't say. Did you search this because you listen to the rebuilders podcast? No, did they talk about that in there? Yeah, Mark Uh touches on this, maybe because it honestly came up as a recordation, a video about it came up as a recommendation on Youtube. So maybe they heard it and I don't know if they heard it, but it was it in the podcast or was it in one of his I think it may have been in his reappearing church book that he wrote about how he goes to a spice shop? Oh, yes, I do remember that actually, and I think he mentioned I do remember that this. Yeah, but I don't know about it. Their influence is massive because, honestly, when did they exist? They don't exist anymore. Six three, okay, Um, a Vampi time, a pretty Vampi time to be a lie. I just imagine. Yeah, I imagine like you know, vampire season, and that's whenever vampire things or since vampire season. That's what it sounds like. So they were established in sixty're established in sixteen. So the Dutch east India Company, company equals is the same as V O C v Oct way of saying if you abbreviate Dutch East company, you get us. Sure, sure, sure, I understand now. Um, and they were pretty revolutionary because they uh in sixteen three. A lot of what they did laid the foundation for modern business, but also a lot of what they did laid the fund foundation for literally everything that happened in the planet for the next four years. Um, did they do? Two Days Shipping, was that? Was that? Two Years Shipping, which was pretty crazy. At they're like, you mean I can order, I can go something, get this before I die, like Amazon. Preaching radical. What a radical thing, right, because people only live to be I don't know. So, yeah, I mean people would. It's you know, what I think about a lot is the number of people who have existed and how many of those people lived knowing that whatever they were working on was not going to be completed in their lifetime. Yeah, I wonder if. I wonder if that makes you ten here. Well, I was gonna say, and I can't think of anybody now who would be willing to put their life towards something that wasn't going to come to fruition in a lifetime. Yeah, I think maybe, yeah, maybe. Yeah, I think there could be some people. I mean we're doing it because we know that no one's gonna listen to this podcast until long time. Yeah, what if? What if that happens? What if we die and then, like twenty years from now in South America, South Africa, South Africa, people are like it just blow up here are this podcast? Yeah, yeah, anyway, it could happen. I so they laid the foundation for businesses. Yeah, yeah, Yah, yeah, so a lot of what they did was what they took money for goods. Like, how do they what do you mean? They laid the foundation for business. Okay, so this is an interesting point in world history because up until, uh, up until the east India company was established a little bit before the U, until the Dutch happened, Thee. Yeah, I was like say that different. What are you talking about? UH, up until the Dutch happened, the world relied on mercantile is Um Um, and so what that was was sickly hoarding Um. And so it was your nation or kingdom or group or whatever was like hey, we're gonna do all this stuff to get a lot of resources and hold it for ourselves so that way all of us don't die. Um Our nation exists and so, yeah, the whole thing was about growing your piece of the Pie. Was the mentality with the Dutch, they which it sounds like a decent mentality, because what they what they would say, is they would always be like, we can, we have to make sure that we don't export more than we have, and we don't. We don't ship out more than is a to the point where people in our nation couldn't eat or people in our nation didn't have their nutmeg or whatever. Um, but, which sounds smart. That sounds like something you would hear from Um. But what the Dutch said, as they said, hey, instead of trying to make our piece of the pie bigger, what if we just made the pie bigger? Um, okay, so we had, we still had the same percentage size of a pie, but the pie was just significantly larger. And so what was happening in that era was trying to get more. What if it is trying to get more? You know what if, and hear me out, instead of more, we tried more, and someone in that meeting was like, okay, I mean, I don't care what we do. I'm dying tomorrow. I'm not gonna see literally don't care. I canna care less. During this time, the spice trade was a big deal, which is hard for us to imagine because spices this was like a dollar nine Um. But at a point in time this big of a container of Nutmeg. Yes, so that's what they were talking about, or mark was writing about in his book. was cinnamon used to be a like a delicacy from Sri Lanka and you could only get it there exactly, and so it was traded around the world and treated with a Oh, this is only available in one place, so it has value, and now you can get it from the store right and growing and it's growing year round. I think of it like Nashville hot chicken. Hear me out, hear me out. Yeah, bring this, because everywhere has Nashville hot chicken. Now you can get a Nashville hot chicken Sandwich in Dallas, you get a Nashville hot chicken sandwich in L A. It's true, you know, it's no longer I have to go to Nashville to get that thing. Back in when we discovered zaxbies and they had the Nashville hot recipe, that was amazing. Blew our minds. But Missouri didn't have zaxbies so for us we had to go to the south to get it. It was a special thing. Yeah, it's like when it's like back in the day when Um uh, chick fil a was just spreading and then they would hit a new like state and they would have lines around the building like ten times for days. Um. Yeah, that's an interesting point. Yeah, it's why. It's why it's kind of wet. Spread too far. You think that's why they're not doing it. Well, I've read an article that there's a part of that where it's like they're trying to become like the vacation spots, like the first place you go after you get off. But they also on the other side of it is farms. They don't have enough distribution and so they can't get the fresh food to the locations on the east. The broms has a mega farm. No, you should look at under setting you that actually, I was just gonna let you you tell me about it. This is it's the shell. Okay, so it's Broms and they have a farm and it's mega farm. It's the farmer went out, the broms farmer went out and said, Hey, guys, we've got a lot, but what if we did more. Here's here's I think. Okay, got it. anyways, that people know what Broms is. Oh, I had no idea what bronze was until I came to Springfield and and it was very odd. It was a very strange experience to me walking into a bronx because I was under the impression that was an ice cream shop. Is a cream shop? Yeah, and then I got in there and it was yeah, it was a grocery store first of all, and then also there was, yeah, a giant line in all this food. It felt like a like the food court at Um at a NICKEA. Yeah, so they have an updated there in the interior since so it's it's really old. But like so, you you you've been to a bronze. Yeah, we got so, if you don't know what bronze is, if you're you know, uh, you know, foreign from, you know, form, not a midwesterner like us, bronzes is a you know, Burger, crinkle cut, French fry is ice cream thing. But they've also got the small little grocery store inside like they've got. When I say small, I mean like a gas station sized, you know, a couple of it's like a gas station in like a rural gas station where they it's like the only store, right. But the reason they do that is because they make all their own produce and they make their own uh ice cream and they make their own dairy. So they've got you know, because they have their own mega farm where they grow their own vegetables and they raise their own beef and do all that stuff. Mega farm is my new user name, Brams megafarm. On what I didn't think I need to make a user Um. Did you know that I have Paul Redd the actor at Gmail Dot Com? Okay, track. That's really funny. When I wanted, I wanted to be able to help people, you know. Yeah, I know, send me an email. My emails Paul Rudd, the actor at Gmail Dot Com. I need, I need you to meet Paul Rudd and for some reason I wish you were together. The actor at Gmail Dot Com. I think, I think, I think I set that up. We're very off track, but I think I set that up because one time I saw a twitter threat about a person figuring out that most famous people's emails is just a variation of first last name, last name, first name at Gmail, and it was like I got in touch with too many famous people doing this and I was like, I want to make sure you never get in touch with Paul Rudd, and so I went trying to get Paul Rudd at Gmail, but say can but he can't get Paul read the actor. That's fine, so let's change our usual names in the discord today, which this episode won't come out the discord for four weeks. So our patrons will have no idea. They'll be like, okay, but you're you're broms and I'm Paul the actor. Oh Man, man, that's gonna hit really hard. Whenever they get it, it's gonna be good. Okay. So, anyway, spices were a big deal. So at that time spices were being traded from far distances away. So they did have value because in our current world, natural hut chicken. Yeah, it's a great analogy. It's a great analogy. Was a really great analogy because it was spices were super rare because most of them were grown in their own geographic location. So nutmeg, the reason why I brought nutmeg is because it was the most valuable spice in the era. Um this size little jar of Nutmeg, which I think is like hold on, let me see, it's got this. This is one ounce of Nutmeg. Um. This would have been worth a bar of gold, like the same as a bar of gold today, and so you should shoot me if I walked in with Um. There's a lot of reasons. Um. One, it was super rare, and so an intense things. Rare the marker of your richness. Um. And so someone comes in your house, it's like having that APP on your phone that says I'm rich and you bought it for would you like to see my nutmeg? Then on the shelf of there it's my spice rack. Oh, McCormick, they just they just did a new nutmeg drop. I'm going to try to get some tonight. You know what's gross is every pastor's House I've gone to they got a whole shelf of spices, you know, and I go, did you buy that? A retail price or resale price? Huh, because right now it's reselling for a bar of gold. Preachers peppers, preachers peppers. I was gonna preachers and spices, but okay, speaker spice. Hey, thanks for checking out this episode. We love our listeners a lot, and one way that you can let us know you're here is by leaving a podcast review. Maybe that's a five star thing in the apple podcast at. Maybe you listen on spotify or if you're watching on youtube, leave a comment. We do read all the comments and reviews. We just love knowing what you think about this show. Also, if you haven't yet, go check out some of our other episodes. My current favorite is the identical strangers episode. It's three brothers or triplets, who were separated at birth, unbeknownst to them or their parents, as part of a really weird experiment. So, uh, there's a lot of really fun stuff we talked about in an episode, but thank you for checking this out. Now back to this one. Okay, so there's a few. Obviously the rarity was a thing, but there was also, uh, in that era, food was relatively bland and spices spiced it up a bit. Yeah, and so it made things taste better. Also, they were used in embalming. Yeah, I was I was thinking more like medical yeah, there was a lot of people who thought they had a lot of medicinal value. And then, on top of the embalming stuff and the medicinal stuff, there was also this uh, big phenomena of Uh uh. They used it for a romance, like to make the rooms smell better. So the same thing we joked about. They would literally just like wrap sticks in it and light I'm on fire, that it's incense sticks. And so there's a lot of different uses for the spy and people would like put them on their face so they'd smell better, like so they did a lot of things with the spice. Subject is wearing nutmeg, subjects smells like Paprika, smells like Italian seasoning, lemon pepper, special occation. So there's a lot of a lot of uses, I guess. Sure. And so the Silk Road opened up. Um, okay, there's a road made in times. sest road, terrible traction. Yeah, but here's the thing, because the traction was so bad, it took forever, especially for yours, because it was going from Southeast Asia into Africa and to where you're you're showing with your body here. Yeah, from Southeast Asia into Africa and then up into Europe. Um, and it took a long time because at that time there was no railroad, there's no ice road truckers, there was just walkers. You walked or you got on a camel or a donkey or a horse or something. Um. And so shipping spice on land was very inefficient. Uh. And somewhere along the line someone was like, Hey, what if we just sailed around Africa? And so they started doing that and that was a revolution in the spice trade because now so much more spices could get loaded onto a ship. Then could get loaded onto the back of your donkey. Uh, and so they were able to to ship that around. Uh, and this became kind of a a transformative era in the spice trade because now it was a booming season for business, because now all these people they could go get the spices easy, getting quicker and moving. It would go from, m HM, Southeast Asia. Well, they would take about from Europe, most often from Europe around the Horn of Africa and then into Southeast Asia, wherever they were getting the spice, from whatever nation that was, and then they would load it up, take the trip around and, coincidentally, what's interesting was the discovered there was this curtain, not curtain current current that was like just a big circular current and Pacific. And so they struggled a lot at the beginning because they were going against that current. But when they realized they could loop around and take that. They were able to kind of be more efficient and get through that trip a lot faster after they discovered that. And what's coincidental about that is that because they took that loop, they came very close to South America often and nobody discovered it from Europe for a while. But I mean, like, what do you mean? No one discovered it? Like they were just like they were rolling by it and they're like what do you guys think that is? And I don't know, maybe easia or something, I don't know, and they're like we gotta keep going North to Europe. Oh, no, one, no one on the boat discovered South America. Yeah, yeah, yeah, yeah, yeah, because I thought you were saying no one in South America discovered the boat and I was like South America, like yeah, that's what I'm saying. Like, who do you think? He's out there just like coffee in the morning. What is that? They've never seen the ship like that before. They Debbie, get out here, there's a boat. You're not gonna believe this. It's like a buildings again. That was their ufos. They had like this unidentified floating objects. What is that? It's like at their little pyramids in the Maya and and then this guy's like I swear I saw him float by again a boat. It was floating big. I don't even know what white dudes over there. What's name? I mean the only name I could think of our white six names. Okay, that I don't know any Mayan names, because these would have been mayans and I don't I don't know a modern Mayan name. No, ID, think of it. I feel zero by a names. Go move on. So they were. They could have discovered South America, but they didn't. Um, they were busy. They're a busy ship in Spice Uh. And this was an interesting moment because it was very, very risky to take this trip. It was a long trip, halfway around the world on a boat. That was how long did it take? You know, I don't know, probably half of everyone's life, a whole three and a half years. I don't know what to how long did the trip around the Horn of Africa taken? Yeah, put Google, see what Google puts out for that. Um, was it just giving you Google flight options? It's like a three year round trip. Oh Wow, yeah, so, yeah, a long time. And they were very risky because obviously they didn't have the weather act, because you leave when you're you know, your wife is raising children and then you you know she's raising your baby toddler, and then you leave and you come back and that baby is graduating high school, you know, moving out to a family of its own, baby like six years old. Yeah, people died, Dude. They had to get it all, they had to get yeah, they were living on too short yeah, this is when people were living a two x speed. Uh, and so it was a long trip and because there was just so many unknuns like you, didn't know how much food to pack, like you, sure gets sick on the ship. You could encounter a storm and it could sink. You could hit something and sink, you could hit pirates and sink. It was just you get sad and metaphorically, there's just a lot of risk on these trips. And so the Dutch, this is when the Dutch they duged everything up. Okay, so that trip wasn't what changed the thing. Well, I mean it was a big impact the trip around the Horn of after but when you say that the Dutch east India company changed how we do the finantion for that trip wasn't the thing. That trip wasn't the thing. Okay, what the change was was the Dutch. They said, Hey, what if, instead of having the people who own these ships have to swallow all this risk and go and try to do pull this thing off, what if, instead of it being all about them, what if we make it all about us, or at least a little about us? And so what they did is they they assembled really the first UH stock market. And so what you could do for the first seven history, Um, you could come together and a bunch of people could buy a share in this voyage. They didn't have to actually go on the voyage, they just financed the voyage. And so then, instead of one person swallowing the whole financial risk, where if your boat sinks you're screwed and you're never you're never financially recovering from this Um, instead a bunch of people could buy pieces of the Pie and then get a piece of that return and be able to then do it again. Hey're gonna be behind the scene. Access on our boat. Hey, what's up, guys the ship? We don't know what that land over there is, but there's a guy over there. Every time we drive by he freaks out we call him Daniel. I don't think that's the name that they've never responded. Yeah, we don't know any Mayan names, so we went with Daniel. Uh. So they sold the shares. It was the first stock market. And, okay, historians to two phrases came from this. Historians belief. We don't know for sure. There's no record of this, but two historians, two phrases. One did by the DIP shares, shares, because that you're taking, you're taking a share of the voyage. And then they believe stock market came from this. This one's a little harder to pinpoint, but because the phrase used at the time for the frame of the ships was the stock, and so they think that that's where the phrase stock market came from, because you're buying stock anyways. Um. And so this is the first time that's ever happened and it became a massive boom for the Dutch. Um. All of a sudden, so many boats were going into the ocean and come back full of Nutmeg and cinnamon and all the other spices and sugar and spice and everything, Um, except for it was a lot of not nice uh, and we'll get to that. Um In sixteen three UH, The v O C was formed, and this is where really, honestly, capitalism began. Um, because a group of these people who had for years, like their family has, been investing in these voyages said, hey, what if, instead of US investing in the voyages and then those people investing in the voyages and those people, what if we just what if we just got together and we were just the voyages? And so they came together there and it was a group of a bunch of the people who were buying shares in these trips. So they were just monopolizing while they established a corporation for the first time. And so this was a bunch of financial moguls who were very successful from all these voyages, from financing these small voyages, and they went on a shopping spree. They bought every ship that went on these voyages. Not only did they buy every ship, there's pricing other people out, basically, Um, so other people couldn't buy shares. Yes, but it was kind of it wasn't necessarily they were pricing everyone out because, yeah, nobody else was. They going to be able to buy shares after this. But this was kind of like the vast majority of the people who were doing this in general. Corporate became a corporation. So they all came together and did this together because they were just like, we could do a lot more, and if, instead of just buying shares in single voyages, what if we bought shares in the entire nutmeg industry or the entire spice industry? And so they went on the shopping spree and what they did is they bought every ship that did these trips. Um, they bought every port that these ships went into. So, as a corporation, they bought the port. Yeah, they bought all, not just they bought all the ports, like, if you think think of ports, they had them all. And then they bought all the land where the farms were, where this stuff grew. And they bought the Dutch military. And it's not anymore. Is your military for sale' Hi, that your military was for sale. Six trillion O bo. So I brought my here's my oboe. I'll take your military. Uh So what? What they set up with the Dutch government was basically, we'll do this, hey, we'll make everybody in the Netherlands very rich. We'll make everyone in Dutch Ya very rich. Um, and they said, you can tax us a lot. We'll we'll need some protection to do this. And so they sent ten warships with the east India County, Um, and these warships just traveled with them. And the terms of the agreement was, Um, you're gonna have a board of directors in the Netherlands and they're gonna make all your decisions for you. Well, what they found out really quickly was when you're in India and it's sixteen o seven, it's kind of hard for the board of directors to make a decision. And so the people in the UH, east India company were just like, we're just gonna make the call and see what and then we'll just ask for forgiveness if we need to. And Uh, they needed to. Yeah, they needed a lot of forgiveness. Things got very messy. Um, the dusk got really rich, the people in the VOC got really rich, and this is what led to them being the biggest company ever. And they create a lot of systems and processes that are mimicked to this day. Like businesses will look to what the VC did and mimic them, because they really they did a great chance. I Open books, it says, do you have a quick video of the VOC do you want to kick video? And then it's a guy on a ship and he's like kicking through. Hello, hello, he's like speaking into a shell. Hello, hello, hello. Is Ever in there? I saw it's pretty wild. Um, yeah, who knew? Quick books sent Daniel back in time, but they sent in the wrong land and so he's out there just watching the bus, like so I'm supposed to find you guys. He's got a three piece suit. I'm just a camera. I want to see this camera. What's a camera? Well, you got sent back in time. So he's got the camera. He's going to film them. He's like, do you guys have the charger? Okay, so what troubles this lead to? If everyone's rich, why are they mad? H So you know that thing people say about capitalism and how it's like like it, it leads to people sketchy stuff. Yeah, yeah, unfettered capitalism leads to just greed run rampant. Yeah, so that's what we got here. Um, someone so to where? There is a page on wikipedia called massacres committed by the Dutch east India Company, and it's a whole page. They got. It's their own page. It's not even a subsection in their wikipedia page. Is a new page. Um. Well, so here's what they did. Um. So they went to Um, this place called U Banda, UH and. It was this chain of islands in uh like where modern day like Jakarta is, so Indonesia, Malaysia area. Um, and this was where nutmeg grew. It was the only place in the world where nutmeg grew. And they really, really wanted to nut make and they wanted to sell a lot of it. And so they came there and they made a deal with the locals. There's as a tribe of about fifteen thousand people that lived on this island. Um, and tribe is probably a misleading word there, because it makes you think that they're like yeah, but what? They were very, very rich because they were exporting this nutmeg world. Yeah, Um. And so this was a very vague health the cards there and they were incredibly wealthy. H and so when the Syndia company showed up, they wanted to buy everything and they were like no, no, we don't like that deal that much, you know, because you know, we're rich now. If you bought it from us, we wouldn't be rich, would be less rich. And so they negotiated for a while. Eventually they came to a term um where east India company was just cure them. So the terms, there was an agreement that was set in place where the east Indian company got to set up a military base on their island, which is strange because they're a company, not a military, military group, but they got to set this military baseboks got a military group in my backyard, though I love them. I was like, yeah, I like you guys. Could you imagine? A lot of people don't like you, but I like you guys. Yeah, you guys. Can you guys can set in my backyard. Can you imagine like a dystopian world where all the big corporations are setting up military bases all over? They have to imagine that they're literally doing it, literally already happening. That's terrifying. Um. Soh Uh. And the idea was, hey, we're gonna be here and we're gonna set up a military base, protect you a little bit, and then we'll buy all of the spices you make. We'll buy all of them every time you make them at the s and then we'll ship them out. Cool, good deal, great Um. And then they they started building the stuff and they built a little bigger than was agreed upon. And then the locals came and they were like hey, you guys are this is not what we agreed upon, like, you're doing way more than we said you're gonna do, and they're like Oh, sorry, this is what we're doing now. Yes, sorry. So the locals killed a hundred of them, um, and they were like this isn't cool to kill a hundred people just because they didn't like the building. Well, because they were like, Hey, this is what we agreed and then the other people were like, yeah, it's that what we're going on, but it's what we're doing. And then they're like, okay, we're gonna kill you. Um, like that giant diamond store that's downtown. You know I'm talking about North Kansas City, the big old giant diamond store that just doesn't it's so out of place I have no idea what it made me so angry. I marched down there to the construction guys and I said, Hey, this is what we agreed upon. Who You are? And I said put that hard hat down and I'll show you. You know, that was a good line. First of all, I was a good line just on the spot. That was a good one. I hope your teams were in your hard hats. They're gonna need them. See what this building is made of. What are you? You know, like, what are you doing? I'm getting ready to fight. All right. So, so, so, they the first attacked them first, and the guy who was kind of directing the operation there was like to the board, and so he, uh, he called in one of the warships and uh, they killed four thou people and they took the other thousands of slaves, and then they were like this is our island now, and that was the first time that they've done something like that. Yeah, and they were just like yeah, we're just going and then the guy who did that was like this worked pretty well for us, and so then they just kind of kept and they were like yeah, that was that was an easier solution than negotiate. It was way easier than trying to deal with the muddy waters at that. And they're like, we have these warships, so let's just do that. And so they just started going to places and just killing people, like killing all the locals, taking all the farms and then just repurposing them for theirs. and growing the stuff themselves and then shipping it and so then, instead of having to buy the spice, they got themselves and they got it and they sold it in. So then they made even more money than they were making before. They was operating as a tiny country. Yeah, it really was like they blurred the line between a government and a company, just like the companies today, Um, the government today. But so they blew up. They became incredibly successful, Um, by doing all of the killing. So what year was that? That first one? Hold on, let me check and check, because they start this stuff in six three. They started buying all the ports, buying all the boats, doing all this stuff. Did you say in sixteen? O Seven? No, no, no, no, that was just a random number from a random example. I think it was sixteen. Okay. So, I mean they made it almost twenty years without mass murder. So that's a good run. Good run, good, good, clean run for about seventeen years and then it got pretty musy really fast. Um. Yeah, and there was I mean these and they're significant. I mean there's a couple in here that are like a few dozen people, which is really bad, um, but there's a lot that are like pushing ten thousand or over ten thousand, and it's just absurd. Um. And the people that they didn't kill they took as slaves to work on their farms and stuff. And so here's where their influence kind of carried it forward, Um, in history, because they laid the foundation for business. But and they set up a lot of systems and processes that are followed today. But the thing that they set up is that it's the profit over everything, because we have to get that profit out to everyone who holds a share. And so it doesn't matter the morals that get you there. And so and we still see that today. And so it's it's a it's a our entire modern business system is built upon a group of the foundation of a group that would just kill thousands of people to make more money, Um, and so it makes a lot of sense how we got where we are today. Yeah, Um, speaking like I'm speaking in bad business. Hey, thanks again for listening to this episode. If you like our show, make sure you follow us on social at tilling podcast or subscribe anywhere where you're listening to right now, whether that's Youtube, spotify or apple podcast, whatever it is. And if you want more, we do have a patreon you can support us on. In there you get all sorts of perks like add free episodes, early access to our content and even a discord with our hosts and producers. So We'd love for you to check that out. All you gotta do is text till into six, six, six, six. That's till into six, six, six, six. But thanks again for checking us out. So it wasn't it wasn't just the capitalism thing, like the foundation of capitalism. It was also obviously the foundation of corporations and the stock market and the shares and all the systems and the processes that they have, but it was also kind of there was a a hint of this. This really brought in a globalized world in a whole new way because before this, because they're doing dealings based in one nation and doing dealings across the whole world and the rest of the end, colonialism existed before this. It always existed, but in this era everybody else saw the V oc gets super rich and they were like can we do that? Uh, and so all the rich nations started just taking over other nations and being like you're us now, enterprise, yeah, and whatever you've got is us and we're gonna make a lot of money off of you now, Um, and so it kind of it blew up weddings. You're one of us now, but you're like, you're one of us now and I'm gonna make a lot of money of you. In First Corinthians, third time. That is so that funny. It's the drop of the first Corinthian. Yeah, I'm good at this. So, Jez, we lost him. Okay. So, uh, capitalism. We've got capitalism, we've got globalization, we've got corporations, we got colonialism, imperialism. Also slavery. Slavery always existed, but this is where like, oh, this isn't just like a you take them slaves because you beat them in war, or you take them because they owe you something. This is just like, oh, like, we could get really rich off other people if we didn't pay them. Yeah. So it opened up this this new age of slavery, if you will, where people, where these powerful people, learned that they could become significantly more powerful by subjuctating people, Um, and so the impact of the VSC was felt there. Another very interesting and significant thing that, Um, I could have significantly altered history was this, uh, this area of of U Banda, where they got the not made from. They were obsessed with this chain of islands that belonged to these people. Um. There was one other island in this chain that they did not have and that was owned by the English. Um. Oh, they wanted it so bad, like so the the VLC, wanted that island so bad. Um. And so in UH sixteen sixty eight, sixteen sixty eight, Um, they came to the English and they said, Hey, give us your island and will give you one of our islands. It wasn't really their island, but you know the like give us your island, will give you one of our islands. And they're like what island are we talking about? And they're like, we got this island where we've got our town of New Amsterdam. You can have that island if we can have this island and this chain, so we can have all the nutmegs. Um, okay, uh. And it took a long time, but finally they got through the deal and the English sold that island of Bretta, is what it's called to the Dutch. The Dutch got their full set of the blues to the start building hotels, and then the English got the island of New Amsterdam and they renamed it New York. Okay, I think that this potentially was a drastic change in history because now all of a sudden you've got the colonies are are under this British control, where they could have been under Dutch control. And what could have happened? WHO's to say how that could that story could have played out. The the that chain of islands that the Dutch had, uh was under Dutch leadership until, I want to say it was about fifty sixty years ago, Um, and so theoretically the United States could have been under Dutch control until way more recently. And who knows. Who knows how history could have played out if that happened. But a lot of a lot of people do think that the check out, my new balances. A lot of people think that the stock mark, the swimming Click Clack, click clack, the stock exchange and stuff was a thing that was established in new Amsterdam by the Dutch, and so New York being this major financial hub interesting because of the Dutch influence while they were there. And then they sold the island to get more nutmeg, which didn't work out because eventually everyone's ever let me see you. Um, who do we kill for this? So they so what happened was hunt Vali, Maryland. Okay, so, not too far from the island that they sold. Do you think we could take them? Depends how old they are. In Hunt, Maryland, two podcasters arrested for attempting to take over the town, claiming that the source of Nutmeg was essential to the growth of their empire. More at six. We need more nutmeg. Um, so I got to get covered in the NUTMEG. I need it. So what ended up happening to the VOC is? It was in control of the about to blow. That smells very good. It is. Yeah, I don't know a single recipe that calls for Nutmeg. And why do you have it? Did you buy it for this? No, we had it, but it wasn't open. Like I had to take the seal off at home so I could blow it on you here. Okay, we've had it and we've never used it. I don't know why we have it anyways. So what happened to the VSC was quite a few things that are very similar to a lot of businesses today. Um, one every other nation in the world was like, Hey, we have an east India company now too. Um, we can do that. Uh. And so they copied them and they had more competition. Um. Also, uh, there was this uh dip in prices. That happened because they were able to increase the supply and so then being able to ye, then being able to make more money made them so they made less money. Sure, they increased the supply so much it hurt them. There was some changes in the government. The Dutch were like, Hey, we don't really like you taking our warships around and just killing a bunch of people anymore. What if we just stopped? And so they called back the warships and they lost a lot of power, Um, and that also lost a lot of security. And they showed up and they were like, we're gonna take your land. Yeah, you in one army. That's where that phrase came from. Very influential. Uh. And then there was also uh, this dividend drains. So they had set up this this share system where people got these dividends, but they didn't set them up to where they scaled properly with the economy, and so when the east India company started making less money, they these dividends were draining a significant amount of their funds because they didn't set it up to scale properly. Um, if things dipped and they and and it hurt them. But their Achilles hell what ended up destroying the company, Um was, uh, they had a massive amount of employees that they paid very poorly and treated very poorly. Um, and eventually they rose up and they just started breaking stuff. Um. And eventually and they couldn't, they couldn't recover. And so the same as yeah, they broke enough of their ships and their boats and their farms and their reports and Um, it was too much for them to financially recover from. Just like Tiger King Year. was that, Um, they fall apart. It was. It sounds like they had a great run. Seeah, yeah, four years. Yeah, about two hundred years of Um, about two hundred years, and twenty of those were a very successful, great company. About eighty of them, well, probably about a hundred of them, were a terrifying company and then the governments were like Whoa, and then they were a company that was clawing for his life for a hunt eighty years, you know. So just like Pepsi Da. I was gonna say it's the story of subway and into it. So yeah, man, that's the Dutch east India Company. Here's something that most people don't know about. It to another impact that they had Um, when they were struggling, uh, things, things shifted down for them and they had learned Um from to Lipmania, because this is the same place the Dutch did to it mania, and so they learned from twomania. They okay, Hey, we need to diversify. We can't just um put all our money into webs. We can't just put all our money in spices. Oh, also, that was another thing. Spices became more available a bunch of other places were like, we can grow spices here, we have the same climate, and so they started growing up there too, and so exactly more popular. Nashville hot chicken. Yeah, and then they got less cool, like they went out of style. People were like, I'm not in Press Barry. Spices like breakout rooms. It's fair analogy. See the VSC like bowling alleys. This studio is a breakout room. We've been trying to break out. That's what the whole show we can't we think that this until you support our patrear. You listening? Yeah, and you might be thinking that's got to be for someone else. It's not. It's for you. It's for you. We're draft here and we need you to get the key to get only listener. Speaking of companies that are doing crazy things for profits, we got a new way that people can support us. Actually meeting of companies that do terrible things for profits. We have a new way that people can say what terrible there we do O for profit. We're making the show. Uh, you can now support tilling. You don't have to support monthly. If so, yeah, you guys, give us a donation. Yeah, supporting and getting stuff in return is not your thing. Yeah, then you can just donate flat. And how do the people do that? I don't remember. If he texts till into six, six, six, that link that it sends you. There's a little donate button. Yeah, there you go. So you can donate Um dot com. Um. Then you can do that anyway. So we can get super rich and then we can buy the ten more ships. Hello, Dutch, we would like to buy you. How much? For how much? For Dutch? Give me all, you guys. And so we're here for one thing. At the end, you were kept. You've kept US hanging this whole time. Yeah, so the VC, they knew from tool mania. They said, we can't put all our money in one thing. Yeah, uh, and with the VC we've been doing that. It's all in spices, mostly nutmeg Um, and things aren't going great. And so they diversified and they said, hey, we've got all these ships that are employees are busting up and breaking into pieces and they said what if we take that stock the frames. We Ref refashioned those into a bunch of fiddles things on them. Last night is a production of space tim media, produced by Christian Taylor. Audio is edited by Alice Garnett, video by Connor Betts. Social media is run by Caleb Walker and graphic designed by Caleb Goldberg, our host, or Jarren Meyers and Tim Stone. Please follow us on social media at tilling podcast. THAT'S T I L O in podcast. Leave a review, comment, subscribe wherever you are. Thank you for listening to things on the last night.

Today we’re constantly bombarded with news from the world’s mega-corporations. More and more, it seems like the FAANG companies (Facebook, Amazon, Apple, Netflix, Google) will just keep getting bigger and bigger. However, according to some historians, these titans of tech are nothing compared to the financial reach and impact of one company that reigned throughout the 16th, 17th, and 18th centuries. Colloquially known as the Dutch East India Company, the VOC (short for Vereenigde Oostindische Compagnie) laid the foundation for modern business in some good and many destructive ways. What is phenomenal is that by specific estimates, though heavily disputed, the value of this company exceeded 8 trillion USD dollars. That valuation would make this company more valuable than every country on earth today, excluding China and the United States. It was a mind-bogglingly colossal company, which is precisely why we’re still talking about them today.

Things I Learned Last Night is an educational comedy podcast where best friends Jaron Myers and Tim Stone talk about random topics and have fun all along the way. If you like learning and laughing a lot while you do, you’ll love TILLN. Watch or listen to this episode right now!




The Dutch East India Company – Wikipedia

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