The Fascinating History of How Corporations Became "People" -- Thanks to Corrupt Courts Working for the 1%
Joshua Holland @ Alternet - Perhaps there were truly free markets before the industrial revolution, where townspeople and farmers gathered in a square to exchange livestock, produce and handmade tools. In our modern world, such a market does not exist. Governments set up the rules of the game, and those rules have an enormous impact on our economic outcomes.
In 2007, the year of the crash, the top 1 percent of American households took in almost two-and-a-half times the share of our nation's pre-tax income that they had grabbed in the 40 years folliwing World War Two. This was no accident – the rules of the market underwent profound changes that led to the upward redistribution of trillions in income over the past 30 years. The rules are set by Congress – under a mountain of lobbying dollars – but they are adjudicated by the courts. Read more.
In 2007, the year of the crash, the top 1 percent of American households took in almost two-and-a-half times the share of our nation's pre-tax income that they had grabbed in the 40 years folliwing World War Two. This was no accident – the rules of the market underwent profound changes that led to the upward redistribution of trillions in income over the past 30 years. The rules are set by Congress – under a mountain of lobbying dollars – but they are adjudicated by the courts. Read more.
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