The abuse of corporate power and privilege is the root cause of the decline of the American working class today. The founders of our American experiment fought and died to overthrow the abuse that inevitably results from the unholy marriage of business interests – especially corporate interests – to government power. One of the results of our victory in the war fought for our independence was that corporate charters were severely restricted in the earliest days of our republic.
Before the ink had time to dry on the Articles of Confederation, corporate business interests had already begun fighting to increase their power and influence. Today we’re in circumstances as bad or worse than those which inspired the revolution of 1776. It is our duty to resist and fight back against the tyranny being forced down our throats by the oligarchs of our time.
Many corporations start out as small, virtually harmless local businesses, but a few eventually grow into large conglomerates providing services that society becomes dependent upon, such as electricity, fuel or food distribution, telecommunications, and transport. As these entities grow, so does their financial and political power, and enormous power is often abused, whether the perpetrators realize they’re doing it or not.
In the early years of the United States, corporations were only chartered for very specific purposes, such as building canals or other infrastructure that small local business entities could not accomplish alone. Once the initial goals of the venture were accomplished, most corporate charters were expired after a reasonable amount of time and profit had been earned. Early American corporations were also not allowed to own subsidiaries. The result was a vibrant, diverse business environment in every community, and that should be the goal we work toward today. Continue reading