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Constitution Restoration Cooperative Association

If it AIN’T about the CONSTITUTION, it AIN’T AMERICA

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WE THE PEOPLE: Not Corporations

Posted by justjoe on March 31st, 2010

http://reclaimdemocracy.org

Our Hidden History of Corporations in the United States

First published February, 2000

When American colonists declared independence from England in 1776, they also freed themselves from control by English corporations that extracted their wealth and dominated trade. After fighting a revolution to end this exploitation, our country’s founders retained a healthy fear of corporate power and wisely limited corporations exclusively to a business role. Corporations were forbidden from attempting to influence elections, public policy, and other realms of civic society.

Initially, the privilege of incorporation was granted selectively to enable activities that benefited the public, such as construction of roads or canals. Enabling shareholders to profit was seen as a means to that end.

The states also imposed conditions (some of which remain on the books, though unused) like these:

* Corporate charters (licenses to exist) were granted for a limited time and could be revoked promptly for violating laws.

* Corporations could engage only in activities necessary to fulfill their chartered purpose.

* Corporations could not own stock in other corporations nor own any property that was not essential to fulfilling their chartered purpose.

* Corporations were often terminated if they exceeded their authority or caused public harm.

* Owners and managers were responsible for criminal acts committed on the job.

* Corporations could not make any political or charitable contributions nor spend money to influence law-making.

Oh those were the days

 

Read More@    http://reclaimdemocracy.org/corporate_accountability/history_corporations_us.html

 

2 Responses to “WE THE PEOPLE: Not Corporations”

  1. Money Over Men | WE THE PEOPLE: Not Corporations « Christinereview's Weblog Says:

    […] Money Over Men | WE THE PEOPLE: Not Corporations Posted on April 2, 2010 by christinereview You might also be interested to read our proposed Constitutional Amendments to revoke illegitimate corporate power, erode the power of money over elections, and establish an affirmative constitutional right to vote. Read more […]

  2. Money Over Men | WE THE PEOPLE: Not Corporations | The Usual Online Adventures! Says:

    […] You might also be interested to read our proposed Constitutional Amendments to revoke illegitimate corporate power, erode the power of money over elections, and establish an affirmative constitutional right to vote. Read more […]

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