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Gangs of America: The Rise of Corporate Power and the Disabling of Democracyby Ted Nace
Synopses & Reviews
Surpassing even the state and the church, the corporation has become the core institution of the modern world, exercising might and muscle without regard to the often destructive effects on individuals, the environment, society, and the world. How did this happen? In this compelling expose, noted entrepreneur and activist Ted Nace scrutinizes the legal framework of the corporation and untangles questions about how and why the corporation evolved as it did. Nace traces the evolution of this institution through the behind-the-scenes figures who shaped it, including Thomas Scott, an obscure genius who invented the holding company; Stephen Field, the Supreme Court judge who developed corporate personhood rights; and many others. Including the latest research by historians, sociologists, political scientists, and legal scholars, this book is a dramatic narrative, an invaluable reference, and a blueprint for regaining control before it's too late.
Book News Annotation:
Many people considering the growth of corporate power in the United States zero in on the 1886 Supreme Court ruling in as the beginnings of corporate personhood. While devoting significant time to the complexities of that case, the author argues that "the process by which corporations accumulated the political and legal power they enjoy today neither started nor ended with Santa Clara." Beginning his narrative with the British roots of American corporations, he chronologically examines the steady growth of corporate power, centering his story on the legislative creation of "quasi-rights", judicial creation of corporate constitutional rights, and more recent trade agreement creation of corporate global rights. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com)
Key NotesMillions of Americans spend the bulk of their working hours within the corporate system, yet most know little about how the corporation came to be. Nobody's Business scrutinizes the legal framework of the corporation and untangles questions about how and why the corporation evolved as it did
Includes bibliographical references (p. -266) and index.
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