According to Adam Smith, why is the British East India Company doing such a poor job of governing India?

Adam Smith was a critic of the 18th century corporations that circumvented the operation of the market by obtaining monopoly power from the State. The way he analyzed the role of government in business affairs and the framework that explained the free market still holds true.

Explanation:

the   square   deal   was   a   program   where   the   government gave any one   a fair   chance   to succeed

study of past cultures