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Laura Terrell's avatar

Very interesting history. You know your stuff. As Chris Hedges calls it, the corporate state does all these things. The forefathers called them 'imperio in imperium' or state within a state. That is indeed what they were back when we had factory towns. The USSR was effectively an upscaled factory town. If we turn all these corporations into joint stock companies and cities own shares in them, that would be new states forming. I think it's doable. It just takes a will and a way. But something has to be done.

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William Farrar's avatar

Lenin referred to the USSR as State Capitalism, the corporate state. I had respect for Hedges and Chomsky,till they and the old "tankie" left https://en.wikipedia.org/wiki/Tankie proved to be pro Putin. Obliguely because being anticolonial and opposed to the defense of Ukraine, you are essentially being pro Putin Most likely because the only media that would carry them and give them air time is Russia today, but most of them are old style Maxrists and apparently bought into the notion that communism is socialism and that

capitalism is the root of colonialism and thus all evil, and that the only reason we have wars is because industrial capitalists need them to keep the engine going. Thus ignoring the thousands years old history of mankind that wars occur when one nation or man wants to steal the resources of another.

Then it got worse with religion and ideology being an excuse for war, and the reason for that is internal security, as long as there is a competing idea on your border, you are under threat so the way to make the world safe for you, is to force your neighbor into submission. Humm that includes the current political climate where the fascist right is trying to force us all into submission.

By the way a Joint Stock Company is a corporation. only the word corporation did not exist at the time the King awarded letters patent to groups of adventurers, which is what they called stock holders then.

A group of wealthy London merchants got together and petitioned King James, to grant them a charter as a joint stock company, it was called the Virginia Company of London. They were the adventurers who financed the first shipment of gentry and indentured servants to Virginia.

At that time Virginia was the name given to the eastern seaboard from the failed Roanoke Colony to Maine. The puritans whom some call pilgrims (they called themselves saints, and they were only 32 of the 102 manifested on the Mayflower.,set sail for. their destination was the Hudson river.

The point is that a corporation is just another name for a joint stock company. Like investor or stockholder is another name for adventurer

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