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The American Empire in a Changing World



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Friday, March 30, 2012

''A brief history of the first corporate century''

a must read..............From Adbusters


"Modern corporations were essentially illegal at the founding of the United States (the colonists had had enough of British corporations). In the new country, corporations could form, raise public capital, and share profits with stockholders only for specified activities that benefited the public, such as constructing roads or canals. Corporate licenses were temporary. Corporations were forbidden from attempting to influence elections, lawmaking, public policy, or civil life. Imagine.

But from the beginning, corporate-minded men chafed for power, prompting Thomas Jefferson to write in 1816, “I hope we shall … crush in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country."

Of the hundred wealthiest countries and corporations listed together, more than half are corporations. ExxonMobil is richer than 180 countries – and there are only about 195 countries."

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