Tuesday, March 13, 2018

Claim Dutch East India Company most valuable in history not credible

This statue of Jan Pieterszoon Coen (1587-1629), the VOC governor general for Asia, was erected in his native Dutch town of Hoorn in 1893. In 1621 Coen had organised the genocide of about 14,000 inhabitants of the Banda Islands, a group of small volcanic islands within the archipelago known as the Spice Islands in Eastern Indonesia. Nutmeg was native to the Banda Islands. Image source: Wikimedia Commons
In 1602 the States-General of the Dutch Republic chartered the Vereenigde Oost-Indische Compagnie (VOC) — United East India Company in English, but commonly known as the Dutch East India Company — with a monopoly of trade with Asia. In 2012 it was claimed to be the most valuable company in history and in December 2017 multiple media outlets including Dutch ones, reported on a current day valuation of $7.9 trillion, equivalent to a market value of 20 global corporations, headed by Apple Inc.

The claim is real fake news as it is not based on evidence from the extensive surviving VOC documentation. The company was dissolved in 1799.