Article 5178 Video - A Short History of Corporations - Wednesday, December 18 2024 By Anna Von Reitz

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Article 5178 Video - A Short History of Corporations - Wednesday, December 18, 2024 By Anna Von Reitz

A corporation, being a legal fiction and a creature of the mind, may persist in the imagination of the victims of their delusion for as long as it may function as a business enterprise capable of supporting employees and avoid destruction at the hands of the outraged public. Memes unlike genes do not depend on physical progeniture, and may be adopted as good ideas or evil ideas, by however many people of whatever race, creed, culture, or moment in time, may deem themselves benefited or at least unharmed by the existence of a corporation.

Pepsico is a good example. Pepsi has changed its recipe so drastically and so often over the years that the current brew has little resemblance in content or taste to the original recipe and the corporation pretty much subsists on the strength of its trademarks, marketing, and distribution. (And a whole lot of sugar.)

The fundamental argument used to promote the acceptance of commercial corporations was that certain necessary activities are by nature so prone to accident and endangerment, such as the production of guns, certain drugs, gun powder, nitroglycerin, dynamite, and poisons, that investors would not invest for fear of liability --- thus certain advantages and protections, including public bankruptcy protection for shareholders of publicly owned corporations and the benefit of the corporate veil for owners and board members, were allowed. This stimulated a craze of investment in war, death and disease related industry, which then promoted more of the same. Soon businesses that did not involve any significant risk or liability were incorporating simply because attorneys were advising it (to benefit the British Crown) and average business owners were not privy to the whole reasoning behind the move to incorporate arms, chemical, medical, and other large industrial enterprises. The assumption appears to have been that if it was good for the Big Boys, it was good for the little people, too.

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