Suggest you learn a bit more history than you think you know about this. You picked a very very bad example to support your point of view.
well, there are plenty of examples of governments destorying all their industry, killing their people etc...
private companies don't do this. It would be 'unprofitable'. :)
thats my point. The British East India company isn't relvavent to our discussion (as I admitted), but does tie in a bit with adam smith's 'nation of shopkeepers'.