New Shun 1730

This trap is not a conspiracy, but an open one.

Even if Liu Yu could tell the British clearly and let them take an open-book exam, they would still be helpless.

The British East India Company is a joint-stock company.

The company must make a profit.

It must give back to shareholders and distribute dividends to shareholders.

Profit-oriented, this is the general premise.

There is another significant difference between the British East India Company and the Dutch East India Company.

That is, the first person to get on the bus of the Dutch East India Company welded the door shut to prevent the people behind from getting on the bus.

When the company is short of money, it has to raise funds by issuing bonds from the Netherlands, rather than issuing additional shares.

In the UK, the interest rate was much higher than that of the Netherlands before, and it has only dropped to about 5% in recent years. Before, it was impossible to issue bonds at extremely low interest rates like the Netherlands.

Therefore, he could only expand the share issuance and continuously increase the overall share capital.

Why must the overall share capital be increased? Because the company needs a lot of cash.

Why does the company need a lot of cash turnover even though it is obviously profitable?

Because Dashun only wants gold and silver, and there is no situation of exchanging goods for silver and then buying silk and tea.

One turnover takes two years, and the company also faces competition from various countries. In Guangdong and Fujian, there have been several trade competitions between companies from various countries before, which requires a lot of cash.

Since they can neither learn from the Dutch East India Company to issue low-interest bonds nor exchange ginseng and navy woolen cloth for money like France, they can only increase the amount of shares.

Excluding the shares held by the royal family, the number of shareholders of the East India Company is extremely large and the composition is complex.

Those with titles, at least the title of knight, account for about 5%; those with knight titles account for about 15%.

Among the shareholding ratios, those between 3,000 taels and 15,000 taels account for about 30%.

It should be said that these shareholders of the East India Company also have a strong voice in British politics.

In fact, the same is true for Dashun. The backbone forces that can invest about 3,000 taels to 15,000 taels, how can they not have a voice?

These voices cannot shake the British wool aristocracy, landlords, and industrial capitalists, but it is no problem to strive for more support and policy inclinations.

These shareholders, of course, need to make a profit.

They invested their money in the East India Company not to spread English to Asia, but to get dividends during the Chinese New Year.

If you want to get dividends, the company must make money.

The company makes money, and now it is tied to the trade with Dashun, which is at least 50% of the profit. If it is cut directly, such a large company will lose 50% of its profit source, and the company will certainly have problems.

Moreover, the company had just obtained the monopoly rights that were renewed for 20 years, because during the War of the Austrian Succession, the East India Company and the government reached a deal - the company bought 3 million to 6 million taels of national debt, paid in cash; and the parliament wanted to extend the company's monopoly rights and guarantee that there would be no more "East India Trade Company" and other things.

At that time, the War of the Austrian Succession was going to be fought, and money was short, so naturally agreed.

Now the newly renewed 20-year monopoly period has just begun, how can the company's shareholders be willing for the company to not make a profit and not get dividends?

But Liu Yu is obviously looking for trouble with the opium issue. Even if he can still allow trade with Dashun today, what if he turns against them tomorrow?

Therefore, under this threat, the company must find new profit growth points.

So, just like Liu Yu said to the emperor, if there is no money to control the Huai River and relocate people, go to India to collect taxes.

In the eyes of the British East India Company, what is the new profit growth point that is visible to the naked eye, can be effective in a short time, and can avoid the threat of Dashun cutting off trade?

Obviously, India.

Once Aurangzeb died and the centralization of power collapsed, it was the consensus of the world at this time to find India when there was a lack of money.

The Persians thought so, the Afghans thought so, Dashun thought so, and the British naturally thought so.

Who can resist the temptation of the ATM in front of them?

In Europe, Dashun still needs to continue to cooperate with France.

Therefore, Liu Yu had previously pitted France in India because he could not let France win in India.

France won in India, and the alliance between Dashun and France ended there. Dashun could not interfere too much in European affairs, and could only eat India. France won, and the Sino-French conflict was inevitable.

How to make France withdraw from India "dignifiedly" and "gratefully" and let Dashun take over?

That is to let Britain continue to increase its investment in India.

It's like two people sitting at a gambling table, constantly increasing the stakes. The French can either follow or roll off the table.

Follow... Liu Yu is sure that France can't afford to follow.

On the one hand, France's naval power is not enough to attack from all sides.

On the other hand, the ginseng and mink fur trade launched by Liu Yu and France has greatly increased the value of Canada and North America. If you can't attack from all sides and can only choose one of the two, choose North America? Or choose India?

This choice of two has been doomed since the day when the first French ship loaded with Canadian ice, American ginseng, mink fur and the "Eastern Pearl" of the Great Lakes came to China and sold out in an instant.

Liu Yu often said:

Back then, the Later Jin Tartars could use the ginseng, sable fur and pearls from Liaodong to support thousands of soldiers; France used the ginseng, sable fur and pearls from the Great Lakes and Canada to support thousands of North American troops, which was not a problem.

First, sell a few ships of ginseng and pearls, and make a fortune quietly. Then arm a few thousand Indian allies. Britain also armed Indians? But don't be afraid, Dashun will send some people to inoculate French Indian allies with cowpox, and British Indian allies can't beat French Indian allies.

He Dupleix envisioned training local soldiers and collecting taxes in India, relying on land taxes to support the East India Company and make France inclined towards India.

The idea is correct, but the problem is who will pay for the initial investment?

After experiencing 20 years of economic crisis, France's investment is sluggish, and everyone thinks that land is the most valuable, and capital is afraid to take risks.

In terms of drawing big cakes, the Mississippi big cake drawn by John Law back then was not more attractive than the one drawn by you Dupleix?

What's the result?

Once bitten by a snake, you will be afraid of the rope for ten years. In the past, countless people went bankrupt because of big cakes. Today, if you hear big cakes again, you will bet your entire fortune?

Listen to an unknown Indian land tax pie that has just been beaten by the British; why not invest in the Canadian ginseng mink freshwater pearl pie that has already seen real money?

Britain continues to increase its investment in India. Even if Dupleix has the ability, he is still a good cook without rice. How can he increase his investment without money?

At that time, the French will certainly have no choice but to choose North America instead of India, and hand over the cities in India to Dashun with a smile, dragging Dashun into the quagmire of the Anglo-French War.

This is to save face for the French and maintain the "friendship" between China and France. It is an open conspiracy.

When the French understand, they can only follow the route planned by Liu Yu for them. What else can they do? Even if they know that they are being cheated, they have to smile on their faces.

For the British East India Company, Liu Yu's move is still an open conspiracy.

Liu Yu has been collecting information on the British East India Company over the years, and has detailed data on the equity structure, dividend ratio, and profit source of the British East India Company.

Based on this data, Liu Yu considered how the company could increase profits from the perspective of a shareholder of the East India Company, and his perspective was very clear.

Liu Yu could be sure of one thing.

The British East India Company, in terms of its trade model, was a watershed in the 1770s in history.

From being driven out of Southeast Asia by the Dutch to before the 1770s, the profits of the British East India Company in India were based on buying cotton cloth from India and shipping it back to Britain for sale. Britain's woolen and cotton textile industries were so weak that they were not enough to resist Indian cotton cloth. Or, they used Indian cotton cloth to secretly bypass the Dutch and go to Southeast Asia to exchange spices, and then shipped the spices back to Europe.

From the 1770s to before its dissolution, its profit model in India became buying cotton from India, sending it back to Britain to weave it into cloth, and then shipping British cloth back to India, selling it for money, and then buying cotton - this is exactly the model Liu Yu wanted most.

Of course, this is only in the Indian direction.

As for China... I can only say that, apart from opium, the profit model of the British East India Company has not changed. It buys Chinese goods, exchanges them for silver in Europe, then brings the silver to China, buys more Chinese goods, and then sells more silver in Europe.

The current Dashun is not the passive, paramecium-like Celestial Empire that can only react to stimulation.

It is a Celestial Empire that tries to take the initiative in trade, so the British East India Company's trade in China is in the hands of Liu Yu. If you are allowed to make money, you can make money; if you are not allowed to make money, you cannot make money.

Looking at India, the transformation of the British East India Company's profit model in India since the 1770s was, on the one hand, the beginning of the British Industrial Revolution.

On the other hand, India, which was originally a small peasant economy, collapsed instantly that year.

Why were the small peasant economy and the originally developed handicraft industry so easily broken apart?

It is simple, but Dashun can't learn it - a great famine in Bengal, which killed more than 20 million people, directly collapsed the small peasant economy, and five-sixths of the textile workers in Dhaka starved to death.

The small peasant economy collapsed in 1769 due to natural disasters, while in 1769, Britain invented the water-powered loom and mule loom, the Jenny loom was just beginning to be promoted, and the flying shuttle was already popular.

It was the right time.

Time?

Destiny?

The reason why Dashun could not learn was not that the emperor was kind-hearted, but that Dashun was going to have such a situation that could directly collapse the small peasant economy and handicrafts. How could the people of Dashun be willing to be starving?

They would definitely eat and drink their mothers, and the King of Rebellion would not pay taxes.

He did not remember that a large-scale uprising broke out in Bengal that year, but he knew that if this happened in Dashun, there would definitely be a big uprising.

So Liu Yu had to conquer India 60 years ago, that is, within a dozen years.

As the saying goes, a gentleman stays away from the kitchen. The disaster in Bengal was not the drought caused by him calling the wind and rain.

He was worried that the emerging class of Dashun might cause the bankruptcy of small peasants and cause a big uprising. Isn't this a time sent by God? An excellent market, an excellent opportunity to transfer the bankruptcy of small farmers in the country brought by industrialization.

The industrial revolution is always accompanied by the collapse of the small peasant economy and causes huge disasters, either in Dashun or India.

He would certainly be kind and righteous and not learn to be as cruel as the British. Appropriate relief would still be needed. It is impossible for the British to distribute 27,000 taels of silver to 25 million disaster-stricken people, which is equivalent to a copper coin for each person; but appropriate relief would not prevent the instant collapse of the small peasant economy.

But before that, he had to open up European trade and ensure that before the 1970s, the emerging class of Dashun continued to develop and accumulate enough technology, capital and workers, so that when that day came, the production capacity would burst out instantly.

It is impossible to create these production capacities and industrial forces out of nothing without previous accumulation when that day comes. This requires a good foundation in the past.

This is linked together. If you make a mistake, you can't get out of the vicious circle of the Celestial Empire.

At this point in India, the British East India Company's current profit composition, the trap set by Liu Yu, also forced the British and French to drill.

The British East India Company must understand one thing, that 50% of the company's current profits are due to Liu Yu's words.

Therefore, what Liu Yu has to do is to put pressure, intimidate, and then use some means to force the British East India Company to consider changing its profit structure.

He has a criminal record.

He has a criminal record of still smiling with the Netherlands on the surface, and then stabbing them in the back and going to Southeast Asia.

Therefore, after exerting pressure and intimidation, Liu Yu only needed to generously allow the British East India Company to continue trading in China to make the British East India Company uneasy.

They would suspect whether Liu Yu was preparing to do something bad to make the British East India Company continue to expand its trade with China and make it more dependent on trade with China, so that in the future, like dealing with the Dutch East India Company, the British East India Company would go bankrupt instantly due to a broken capital chain.

When Fazakle paid a visit to Liu Yu, Liu Yu only cursed him in a general way and did not mention a very clear word such as "cutting off trade".

This was more frightening than his direct threat of "cutting off trade".