Sunday, June 9, 2013

What The Founding Fathers Thought About Corporations


http://www.addictinginfo.org/2013/06/09/founding-fathers/
Citizens United. This is the 2010 Supreme Court case that shocked America, influenced an election, and reversed over 100 years of campaign finance laws. In this case, corporations were declared as people and as such declared to have the same rights as people do. It also opened the doors for corporations to pour unprecedented amounts of campaign donations into elections, and what’s more, these donations can be totally secret. Corporations can now literally and legally buy elections and shape the government like never before in our nation’s history.
The economic world we live in today is dominated by corporations. Huge corporations that boast massive profits and span continents. But corporations also wield political power and are lobbying heavily to be free from any and all government regulations that would make them responsible and liable. Republicans have been defending corporations since the late 1800′s and have literally gone on a history revising crusade to show that even the founding fathers supported corporations. But is this the case? What did the founders really think about corporations?
The origin of modern corporations can be traced all the way back to 17th century England when Queen Elizabeth I created the East India Trading Company. At first, corporations were small, quasi government institutions that were chartered by the crown for a specific purpose. If corporations stepped out of line, the crown did not hesitate to revoke their charters. Corporations generated so much revenue that they even began taking on increased political power. Corporations were also organized to finance large projects such as exploration, which leads us to the American colonies.
To say that the founding fathers supported corporations is very absurd. Its quite the opposite in fact. Corporations like the East India Trading Company were despised by the founders and they were just one reason why they chose to revolt against England. Corporations represented the moneyed interests much like they do today and they often wielded political power, sometimes to the point of governing a colony all by themselves like the Massachusetts Bay Company did.

so the right likes to point to and claim their channeling of the founders yet once again they did not research to see if they were in fact correct or did that audacity of arrogance make them just "ASSUME"? 

we have been told so many lies and misinformation, misleading since the beginning of the country, and still at least half are still dumbstruck  and trying to get over what they took as truth and are now finding out it was all a dream, by the right wing propaganda machine but it's difficult to admit you've been concentrated on, G W Bush, "you can fool some of the people all of the time and those are the ones you want to concentrate on".