January 23rd, 2007

with Cat The Cat

Morning slashdot.

The special privileges granted with a corporate charter were viewed more as a privilege granted in the public interest and conditioned on good behavior than as a virtual right the way they are now.

A slightly less rose-tinted view of history suggests that corporate charters were granted when there was an assurance that the ruling prince of the city-state, or his cronies, would get a cut.