SOSC 1340 Lecture Notes - Lecture 2: National Treatment, Quasi, Legal Personality
29 Mar 2017
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The outer and inner history of the corporation. Everybody knows corporations have a lot of power. Where do they get it from? (how to make restraints and limits effective?) Obvious ways their political action committees, they lobbyists, their lawyers, their control over millions of jobs (p. 12) *if they have too much of something there should be limits. *if you really want to understand power you have to understand its legal form. Nace traces the british roots" of the modern us corporation, from its seeds" in the medieval guild system in london: the war" of 1267 between the goldsmiths and the. A guild was a social organization with various features and functions. Social and religious functions- churches and parties !- bred identity, loyalty. Members were originally unequal, but become stratified and exclusive over time. They were chartered; owed their existence to the crown. Had an expiry date at which point assets would be liquidated and distributed to owners.
