Saturday, September 17, 2011

Breaking up the Trusts

Standard Oil started it all.  Founded in 1870, it was finally broken up by the Supreme Court in 1911 under the Sherman Anti-Trust act which was passed in order to break the power of the giant capitalist enterprises which were choking the economy.

But this is not a question about big company wealth, but rather about big individual wealth.  If corporations are people, and corporations can be broken up for being too rich or too powerful, why can't we break up the fortunes of big capitalists in the same way?  If corporations can be people, then we can treat people like corporations, right?

Just wondering...

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