Once upon a time early in the 19th century, corporations came into existence by state legislatures approving charters, which were granted for a limited period of time and for limited purposes. These corporations – producing textiles and other products in New England – raised capital in part because their investors had limited liability. That meant they could not lose any more than their investment if things went wrong.
Since corporations were artificial legal entities and not human, these lawmakers feared that without some strong leashes, they could be creating Frankensteins.
ending with ...
What Supreme Court Justice Louis Brandeis feared in an opinion he wrote during the nineteen thirties is happening. These megacorporations have become Frankensteins—moving to own our genes, the plant seeds of life and taking control of computerized artificial intelligence. Their final conquest is far along—the control of government which is then turned against its own people.
As Paul Harvey used to say: “Good day.”