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<blockquote data-quote="804brown" data-source="post: 936500" data-attributes="member: 29553"><p>A corporate economy, a corporate society, a corporate state were not always part of the American ethos. Jefferson viewed the new representative government as curbing the excesses of "the monied interests. The pre-Civil War period reflected an established belief in the merits of a decentralized economy based on farmers and small businessmen, which culminated in the Homestead Act under President Lincoln's Administration. There was suspicion widespread during the first half of the nineteenth century about letting "legal fictions" called corporations, with limited liability to their investors, engage in production without legal constraints. Advocate Daniel Webster could thunder in court about a corporation having "no soul." Legislatures were very restrictive in their chartering of corporations.</p><p></p><p>Corporate Power In America Ralph Nader Reader</p></blockquote><p></p>
[QUOTE="804brown, post: 936500, member: 29553"] A corporate economy, a corporate society, a corporate state were not always part of the American ethos. Jefferson viewed the new representative government as curbing the excesses of "the monied interests. The pre-Civil War period reflected an established belief in the merits of a decentralized economy based on farmers and small businessmen, which culminated in the Homestead Act under President Lincoln's Administration. There was suspicion widespread during the first half of the nineteenth century about letting "legal fictions" called corporations, with limited liability to their investors, engage in production without legal constraints. Advocate Daniel Webster could thunder in court about a corporation having "no soul." Legislatures were very restrictive in their chartering of corporations. Corporate Power In America Ralph Nader Reader [/QUOTE]
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