The sun is setting on the Western world. Slowly but surely, the direction in which the world spins has reversed: where for the last five centuries the globe turned westwards on its axis, it now turns to the east...For centuries, fame and fortune was to be found in the west - in the New World of the Americas. Today, it is the east which calls out to those in search of adventure and riches. The region stretching from eastern Europe and sweeping right across Central Asia deep into China and Indi...

In August 1765 the East India Company defeated the young Mughal emperor and forced him to establish in his richest provinces a new administration run by English merchants who collected taxes through means of a ruthless private army - what we would now call an act of involuntary privatisation.

The East India Company's founding charter authorised it to 'wage war' and it had always used violence to gain its ends. But the creation of this new government marked the moment that the East India C...