An Incredible Concentration of Power and Wealth
For a long time throughout the history, the church and the state have been the political and economic centers of decision making [1]. With the advent of modern capitalism in the 18th century, the corporations gradually outshined the church and the state. For a while, the ability of corporations to grow was restrained by the limits of capital accumulation, geographic location, and legal and cultural barriers, but in the second half of the 19th century, the new regulations allowed the momentous growth of corporations. On the one hand, the concept of limited liability made owners of businesses not subject to punishment for their debts. On the other hand, the financial ...
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