Quote:
Originally Posted by Sailor Steve
Come again? Jefferson hated merchants, but he also hated the government. Franklin started the nation's first franchise. Madison saw the need for both. Hamilton was a big-government man.
Which Founders are you quoting on this? With quotes, please.
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I'm referring to the state laws of the time (forgive me if I can't remember where I read it.) that limited the lifespan of corporate charters and severely limited their rights, as in contracts and ownership of assets.
Will have to Google for concrete evidence of it.
"I hope we shall take warning from the example of England and crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our Government to trial, and bid defiance to the laws of our country." - Jefferson
"There is an evil, which ought to be guarded against in the indefinite accumulation of property from the capacity of holding it in perpetuity by … 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." - Madison
On Europe: "economic power became concentrated in a few hands, then political power flowed to those possessors and away from the citizens, ultimately resulting in an oligarchy or tyranny." - Adams
EDIT: Corrected quote attribution