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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - Stephen R. Bown
For three centuries commencing about 1600, much of the world's commerce was controlled by what one could call "privatized imperialism" in the form of six privately owned trading companies granted state monopolies and operating beyond any independent control.
He writes, "These monolithic corporate entities were less the product of free-market capitalism than the commercial extension of European national war and struggles for cultural and economic supremacy. They occupied the muddy grey zone that exists between government and enterprise."