Re:Platforms systematically removed a user because he made "...
by tptacek on Tuesday January 14, 2025 @07:25PM
(#42705849)
It is not reasonable to compared the chartered companies of the 18th century, which were state-sponsored entities, to commercial enterprise today. The target of the American Revolution was the British government, not capitalism.
The few hundred corporations that existed by 1800 were chartered by individual states, couldn't do business outside that state, weren't allowed to participate in the political process, and couldn't buy stock in other corporations.
During and after the civil war is when "modern" corporations started to show. They made huge profits from procurement contracts and took advantage of the disorder and corruption of the times to buy legislatures, judges and even presidents. They lobbied and bribed their way to more relaxed laws that allowed them to accrue even more money and political power, leading to the first Gilded Age.
Then in 1886, the Supreme Court decided that Corporations are People, too[1], and it went downhill from there (except for a brief blip in the 1930s).
[1]: https://en.wikipedia.org/wiki/Santa_Clara_County_v._Southern....