by jboogy » Wed 10 Oct 2007, 02:34:32
What are your sources ? I couldn't find anything like what your describing and I looked . You didn't perchance happen to find your history in the " Limbaugh and Forbes history of capitalism as we see it " bedside referance manual , did you? I wouldn't put too much faith in that text if I were you . You do know Rush is a hardcore synthetic heroin junky don't you ? And I've heard Forbes is borderline mentally retarded . Not the best sources Plantain. But to each his own I always say . If you want to worship at that alter be my guest . Here's two REFERANCED sources I found.
The first corporations appeared in 17th-century Europe, during capitalism's infancy. At the time, the government chartered all corporations-that is, it gave them a specific public mission in exchange for the formal right to exist. The United States was settled by one such corporation, the Massachusetts Bay Company, which King Charles I chartered in 1628 in order to colonize the New World. The practice of chartering companies was a crucial part of the mercantile economic system practiced by the epoch's great powers-Holland, Spain and England. By allowing investors to pool their capital, the monarch made it possible for companies to launch ventures that would have been beyond the means of one person. And in exchange for the charter, companies expanded their government's wealth and power by creating colonies that served both as sources of raw materials and as markets for exported goods.-------Joel Bleifuss
THE FIRST CORPORATIONS
Prior to the 17th century, the first corporations were created in Europe as not-for-profit entities to build institutions, such as hospitals and universities, for the public good. They had constitutions detailing their duties overseen by the government. Straying outside these was punishable by law.
COLONIAL COMPANIES
Only in the 17th century did making money become a major focus for corporations. Their wealth was used to finance European colonial expansion. Companies were used by the imperial powers to maintain draconian control of trade, resources and territory in Asia, Africa, and the Americas.
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First in an ignoble line was the East India Company, set up by British merchant adventurers and granted the Royal Charter of Queen Elizabeth I in 1600. Partners combined their personal stock, turning it into company stock to create the world's first commercial corporation-----New internationalist
Perhaps the population would be less swayed to socialism if we had fewer examples of socialism from our "Free Market Capitalists". -----fiddler dave