The Future: six drivers of global change Part 51
Joel Bakan, The Corporation (New York: Free Press, 2004), p. 6.
56 South Sea Company scandal
Ibid., p. 7.
57 England banned corporations in 1720
Ibid., p. 6.
58 The prohibition was not lifted until 1825
Ibid., p. 9.
59 civic and charitable purposes, for limited periods of time
Justin Fox, "What the Founding Fathers Really Thought About Corporations," Harvard Business Review, April 1, 2010, http://blogs.hbr.org/fox/2010/04/what-the-founding-fathers-real.html.
60 "bid defiance to the laws of our country"
Thomas Jefferson, "To George Logan," November 12, 1816.
61 expanded by an order of magnitude, from 33 to 328
Bakan, The Corporation, p. 9.
62 New York State enacted the first of many statutes
Linda Smiddy and Lawrence Cunningham, "Corporations and Other Business Organizations: Cases, Materials, Problems," LexisNexis, 2010, p. 16.
63 increased considerably with the mobilization of Northern industry
David C. Korten, When Corporations Rule the World (Bloomfield, CT: k.u.marian Press, 1995), http://www.thirdworldtraveler.com/Korten/RiseCorpPower_WCRW.html.
64 huge government procurement contracts
Ibid.
65 building of the railroads
Ibid.
66 corporate role in American life grew quickly
Ibid.
67 decisions in Congress and state legislatures grew as well
Ibid.
68 The tainted election of 1876
"Compromise of 1877," History.com, http://www.history.com/topics/compromise-of-1877.
69 wealth and power played the decisive role
Korten, When Corporations Rule the World.
70 "government of corporations, by corporations, and for corporations"
Ibid.
71 Between 1888 and 1908, 700,000 American workers
Ibid.