Sunday, February 16, 2014


billmon pointed out this post on the Founders conception of corporations and I recalled Jefferson's famous quote so I looked here for any other Founders on limiting corporations.  Here's are two snippets from James Madison:

But besides the danger of a direct mixture of Religion & civil Gover[n]ment, there is an evil which ought to be guarded agst. in the indefinite accumulation of property from the capacity of holding it in perpetuity by ecclesiastical Corporations. The power of all corporations, ought to be limited in this respect. The growing wealth acquired by them never fails to be a source of abuses.
Incorporated Companies, with proper limitations & guards, may in particular cases, be useful; but they are at best a necessary evil only.

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