The model dates back to EIC or The British East India Company the first speculative share-for-profit company formed to commercialize war. within 50 years it had grown and controlled the wealth of nations. At one time had even had 25% of British MPs in its pocket. Almost bankrupt after failing to pay taxes deemed too big to fail it became a public/private company under the protection of the British government. India’s famine, and wars with China EIC required new territories to plunder and rapaciously profit and it turned it’s eye to the Americas. However, the American colonies wouldn’t have a bar of what had been done to India and fought for and won their Independence from the Company and the Crown. However, the birth and model of the systemic structure of Corporations had begun and the EIC set the standard with no physical body or soul to punish they were free to do what they wanted.
Corporations regularly outspend labor unions and public interest groups during election years. And too many politicians in Washington represent the interests of corporations — not their constituents. As a result, corporate taxes have been cut, loopholes widened, and regulations gutted.
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