It's been tried, and it was incredibly profitable.
http://en.wikipedia.org/wiki/British_East_India_Company
Indeed, it was in a sense the origin of the modern limited-liability corporation, the foundation of modern capitalism. Not so good for the people whose government was outsourced, though.
It's been tried, and it was incredibly profitable.
http://en.wikipedia.org/wiki/British_East_India_Company
Indeed, it was in a sense the origin of the modern limited-liability corporation, the foundation of modern capitalism. Not so good for the people whose government was outsourced, though.