But the problem lies not in Corporations but in the elected
officials whom betray our Republic by taking bribes through
special favors and business deals.
When the White House gave 2 billion taxpayer dollars to Petrobras
in Brazil and it came to light that Mr. Soros held a major
interest in the company where was the deafening uproar?
Is it no question that these are paybacks for election
rigging and bankrolling Alinskys open society?
It is not the corporations that are the problem it's the corruption.
P.s. Thank you for a very honest and intelligent reply.
The more things change... I remember reading about how, in the days of the Alaska purchase, there were so many monied interests, foreign powers, lobbyists and cronies involved that it was calculated that the US congress had been bribed by 300%. That is, on average, each and every congressman and senator had been bribed three times.
But as far as corporate law goes, I wouldn’t put it down so much to corruption as the evolution of litigation.
For example, railroad car coupling and uncoupling, with a man inserting a pin to hold two cars together, was obscenely dangerous. So the men who did it were highly paid, and frequently mauled or killed. Finally, somebody invented the automatic safety coupling, that would couple and decouple without the need for a person between the cars.
But one State bitterly objected, because it had a major switching operation that would no longer be needed, and they would lose a bundle in revenue. So they sued the railroad, insisting that no safety couplings be allowed in their State, or in trains passing through their State.
So it ended up with the federal government restricting how States could regulate corporations. And this is just one out of hundreds of cases, many of which, in an effort to treat just one corporation or an industry fairly, changed the rules for all corporations.
A lot of those old cases are still in legal textbooks, because they were very narrow in origin, but ended up national in scope.
I think my favorite involved a railroad employee who carried a burning torch for light, while looking for hidden hobos. He looked in the wrong hole, right when someone in the passenger car flushed the toilet onto his face, and was so angry that he shoved his torch up into the passenger’s rear end. This resulted in the first major corporate liability suit in the US, with the decision that corporations could be held liable for the actions of their employees.
And that decision still impacts every corporation, from family farms to Enron.