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Ideas about the role of corporations changed significantly

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Problem: Historical Context: In the early years of the nation, the corporate form was recognized to have certain utility in aggregating capital for large scale projects, which is why "the people" allowed them to exist at all. Of course the concentration of capital also brings with it inherent risk for the populace. For this reason the formation of corporations was restricted to parameters set up by state constitutions and constrained by specific limitations in the state codes. The early 1800s frequently reiterated the fact that corporations could only be created for public benefit. The Trump administration following up on a campaign pledge has systematically removed government regulations on various American businesses placing competitiveness ahead of public benefit.

Question: Have our ideas about the role of Corporations changed significantly since the early colonial period? If so, why and if not, why not?

Reference no: EM132433657

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