A royal charter from King Charles II incorporated “The Governor and Company of Adventurers of England, trading into Hudson’s Bay” on 2 May 1670.[6] The charter granted the company a monopoly over the region drained by all rivers and streams flowing into Hudson Bay in northern parts of present-day Canada.
They had some prominent backers as the article explains, but regardless of that the fact remains that HBC was created by a state with the clear goal to establish a another client state through it (hence the monopoly rights). Britain’s rivalries with France probably also played a role as France was the dominant colonial power in that area at the time.
Sometimes states are created by corporations. Eg, Canada and the Hudson Bay Company
Except that they were literally given a monopoly and funding by the British monarchy:
And the HBC did nothing to induce the state to act in such a way?
They had some prominent backers as the article explains, but regardless of that the fact remains that HBC was created by a state with the clear goal to establish a another client state through it (hence the monopoly rights). Britain’s rivalries with France probably also played a role as France was the dominant colonial power in that area at the time.