Who controls the corporations?
CAPITALISM WAS A 16th century invention. Investors realised running an enterprise didn’t require being an artisan you could simply invest money. So in 1600 the East India Company was formed the first company with interest holders whose sole function was to provide capital and extract a return from the colonial endeavour it represented. But after the Great India Mutiny the British Parliament dissolved the company, concluding its avaricious activities were harmful to empire’s stability. Today single states can’t dissolve modern multinationals. When Union Carbide poisoned Bhopal, the Indian government effectively closed down the local subsidiary. But little touched the parent company back in the US. Money through corporations with limited liability and so limited responsibility has taken on runaway qualities of its own. So who controls a corporation? No individual or group really does. A corporation is an entity unto itself paying a competitive rate of return or being eaten up in a predat
