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Monarchs wanted to project power and influence within the constrained means of late feudal society. Colonists had their own reasons and supplied the people required. Limited Liability Companies were the most appropriate tool they had available so it was what got used. But they rarely made business sense by present day standards. Not to say the failed companies never benefited the Monarchs and/or at least some of the businessmen. An early version of "Government should be run like a business." The British East India Company was a whole different matter.
"It is not necessary to have hope in order to persevere."
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