It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: TheSpanishArcher
I'd like to read the article, if someone could be kind enough to post a link. I can't really comment on it if i haven't read it.
originally posted by: guitarplayer
a reply to: FyreByrd
May I ask how are corporations responsible for the pisspoor education system here in the USA since the latter 60's onward? Thanks
originally posted by: dr1234
a reply to: FyreByrd
New word order? This isn't new, check out the 100 year old "Treason of the Senate" for an in depth veiw of how this was allowed to happen. Insanely relevant to this day.
Today, people forget that U.S. corporations, or "corpses", as this ratitor thinks of them, were extremely limited in their powers and influence prior to the Civil War. We have much to re-learn regarding the facts of how citizens, at the time of the revolution of 1776 and afterwards, gave state legislatures the power to control the "crown corporations" they had had painful, personal experience of and suffered under, from the likes of the original American "Crown Colonys" -- which were companys -- of the King of England, as well as the Hudson's Bay Company and the East India Trading companies of Europe.
Up to the mid-1800s,
Corporations had limited duration, 10 years, 20 years, 30 years -- they were not given forever, like corporate charters are given today.
The amount of land a corporation could own was limited.
The amount of capitalization a corporation could have was limited.
The corporation had to be chartered for a specific purpose -- not for everything, or anything.
The internal governance was very different --
shareholders had a lot more rights than they have today, for major decisions such as mergers; sometimes they had to have unanimous shareholder consent.
There were no limitations protections on liability -- managers, directors, and shareholders were liable for all debts and harms and in some states, doubly or triply liable.
The states reserved the right to amend the charters, or to revoke them -- even for no reason at all. 
Today, is it critical for all of us to "examine the fundamental difference over what is a decision for the civil society that needs to be conducted in an open way, through the constitutionalized process, and what are decisions that are the private domain of the corporation?" 
The time for federal chartering of corporations is upon us. Meaningful federal chartering could improve corporate accountability to owner-shareholders, employees and the public. It is a concept that has been around since nearly the birth of the nation -- in fact, James Madison warned of the dangers of big business, stating that companies "would pass beyond the authority of a single state, and would do business in other states." Twice, Madison proposed that Congress be given the authority to "grant charters of incorporation in cases where the public good may require them and the authority of a single state may be incompetent." A formal vote on these proposals was never taken -- some argued it was unnecessary while others suggested it might lead to monopolies. The idea reemerged in the early 1900s with Presidents Roosevelt, Taft and Wilson all supporting federal corporate chartering as a tool of accountability. The idea continued to be bounced around throughout the 20th century, but nothing ever came of it, and corporations have grown much larger, more conglomeratized and less accountable as a result. In 1976, I, along with Mark Green and Joel Seligman, wrote the book Taming the Giant Corporation which focused on this potentially transformative idea. Congress held hearings, but no federal chartering law was created.