Founders' Views
on Corporations
Founders' Views
on Corporations
President Thomas Jefferson's views on corporations
"Jefferson might not have wanted a lot of government, but he wanted enough government to assert the sovereignty of citizens over corporations. To his view, nothing was more important to the health of the republic.
In the early years of the 19th century, as banks and corporations began to flex their political muscles, he announced that: 'I hope we shall crush… in its birth the aristocracy of our moneyed corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country.'
There are those who would have us believe that the founders intended for corporations to control our elections – and, tragically, five of these Tories sit on the U.S. Supreme Court, where they recently ruled [In 2010] that the nation’s biggest businesses may spend whatever they like to buy the results that best serve their bottom lines."
( The Nation: https://www.thenation.com/article/archive/thomas-jefferson-feared-aristocracy-corporations/)
President James Madison's views on corporations
" .....incorporated Companies with proper limitations and guards, may in particular cases, be useful; but they are at best a necessary evil only."
[Madison quote cited from Robert L. Kerr, The Corporate Free Speech Movement.]