Corporate & State Power

As early as 1802, James Sullivan, the perennial Massachusetts attorney general, warned that “the creation of a great variety of corporate interests . . . must have a direct tendency to weaken the powers of government.” But the numbers only increased to the point where the governor of Massachusetts expressed the fear that so many corporate grants were being created “unsparingly and with an unguarded hand” that there was a real danger of the state government’s ending up with “only the very shadow of sovereignty.”82

Wood, Gordon S. (2009). Empire of Liberty: A History of the Early Republic, 1789-1815 (Oxford History of the United States) (Kindle Locations 8480-8483).

 

I think this is basically right; power is dispersed via corporate charters.  Indeed, I’d say it focuses the general attention of the individual away from the state toward the corporate body and this is all for the good.

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