"That whenever any Form of Government becomes destructive of Life, Liberty and the pursuit of Happiness, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
- DECLARATION OF INDEPENDENCE -
"In 1776 we declared independence not only from British rule, but also from the corporations of England that controlled trade and extracted wealth from the US (and other) colonies. Thus, in the early days of our country, we only allowed corporations to be chartered (licensed to operate) to serve explicitly as a tool to gather investment and disperse financial liability in order to provide public goods, such as construction of roads, bridges or canals.
After fighting a revolution for freedom from colonialism, our country's founders retained a healthy fear of the similar threats posed by corporate power and wisely limited corporations exclusively to a business role.
These state laws, many of which remain on the books today, imposed conditions such as these:"
- A charter was granted for a limited time.
- Corporations were explicitly chartered for the purpose of serving the public interest - profit for shareholders was the means to that end.
- Corporations could engage only in activities necessary to fulfill their chartered purpose.
- Corporations could be terminated if they exceeded their authority or if they caused public harm.
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Reclaim Democracy, Corporate History Primer
http://reclaimdemocracy.org/pdf/primers/hidden_corporate_history.pdf (pdf)
"(Modern) corporations are illegitimate institutions, they have no right to exist.
And their control is very fragile, they know it. It’s in principal easy to dismantle them, they understand that.
A large part of the corporate effort to appear benevolent is to make sure that - you can read it in court decisions - "an aroused population will not take away their rights"."
- Noam Chomsky
How has your Life, Liberty and Happiness been lately?