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How Corporations Became so Powerful in 6 Minutes

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We live in a democracy right? Well kind of. Learn how corporations became so powerful and why they became so interconnected with our government undermining our democratic system. Subscribe To My Channel: https://www.youtube.com/channel/UCoFWz1e3VXKOoJ-E5cep1Eg Facebook: https://www.facebook.com/Thought.Monkey.Community/ Music Credits: Soul Chef – Blind Man See https://www.youtube.com/user/soulchefmusic Script: Go to any city, any town, any rest stop in America and you’re bound to find the same old shopping centers with the same stores and the same gas stations and the same fast food as any other city. How did just a few companies gain monopoly over the entire country? You know which companies I’m talking about – the Coca Cola’s, the Shell’s, the Comcasts, you name it. First a little bit of background about what a corporation is. The word corporation comes from the Latin word corpus which means body of people. In fact in ancient Roman law, corporate entities were recognized and even given protection under the law. Similarly today, by definition a corporation is simply a group of people who have been authorized by law to act as a single legal entity. And while most of the time we use the word corporate negatively, corporations are not innately bad. They can be bad or good just like people. However, over the past 100 years corporations have gained certain legal rights that have allowed them to gain more and more power. Again – some may use their power responsibly for good, while others recklessly for bad. Think Google vs. Exxon-Mobile. Corporations today are super powerful for a number of reasons. First Corporations are allowed to create Political Action Committees or PACs for short, which are basically organizations that pool money from members and donate those funds to campaign for or against candidates, ballot initiatives or legislation. For example AT&T donated nearly $3 million dollars during the 2016 campaign cycle on funding the campaigns of possible representatives they believed would put out legislation in AT&Ts best interest. Second corporations tend to spend a lot of money on lobbying in Washington in the hopes of influencing politicians on a particular issue. For example the oil company Exxon-Mobile has spent over $200 million dollars alone over the past 20 years on lobbying. Just in 2008 the company spent over $29 million dollars in an effort to defeat legislation that addressed climate change. Not only do corporations donate millions of dollars to the politicians they know will act in their best interest, or spend hundreds of millions of dollars on expert influencers to try and get those politicians to sign or block legislation that will help or hurt their companies, but they also employ many “revolvers” or people who were at one time government employees that now work for corporations – strengthening the connection between corporations and government further. Of the 29 registered lobbyists that work for Exxon-Mobile, 22 of them have at one time been government employees. You get the point. Of course Exxon is just one example out of many – I don’t know why I’m ragging on Exxon, but I am – if you happen to be the CEO please don’t come after me, I’m just using you as an example. Anyways the point is corporations and the government is tightly wound up within each other. So how did this happen? Before the late 1800s, corporations were required to be public service organizations and have a stated public purpose. In other words they were a sort of gift from a group of people to serve the public good. They were tightly controlled and very limited due to widespread public opposition. In fact a common misconception is that the Boston Tea Party was a protest between the American Revolutionaries and the King of England, but rather it was a protest by the Americans against the monopolization of the tea market by the East India Company.
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Текстовые комментарии (47)
Fabricio Lima (5 дней назад)
It’s not “how can we limit corporations from interacting with government” but “how can we limit government influence on the economy.” Government is the issue, it has to be smaller
sundiii99OWS (1 месяц назад)
The corporations used to create the most jobs, but are now eliminating all jobs with automation. Millions of people work 40+ hours a week and still live under the poverty line, and can't afford to do anything fun, and many are working and homeless because of their low wage. The wage is the problem, not the solution, like America has always thought. In the 50's and 60's most Americans were being forced to work for a corporation or not work at all. People want to work for a corporation because it's the only way to get paid vacations and sick leave (idolatry), and retirements, but many employees were fired after 39 years so the company didn't have to pay the promised retirement. The list is long about the evil things corporations have done, but it shows all they cause world poverty, and should be owned by every single human on earth.
Fabricio Lima (5 дней назад)
sundiii99OWS These are terrible issues, we need to get the state to stop meddling with our economy. That gives corporations too much control in the country
A one legged man (1 месяц назад)
Corporations are not to be feared. Corporations being given favours by government are.
gray pierre (2 месяца назад)
how you start a corporation?
gray pierre (5 дней назад)
Fabricio Lima you Are fucking stupid and I hope you die.
Fabricio Lima (5 дней назад)
gray pierre u fart and then it goes
Okalani5000 (2 месяца назад)
I watched the video you guys referred us to. And I disagree. Because here's why. It may be fixed FOR NOW... But eventually there will be corrupted people who will remove those laws again. And taxes should never even existed in the first place. Because here's why: Tesla invented pieces of the light bulb. And his buddy stole all the credit and sold it out to the government. Tesla's idea was to create giant towers that ran off of natural energy from the sun and lightening. In turn, everyone paid very little, just enough to keep the building going, no more, no less. But the government didn't like that, so they went with Thomas Edison's idea instead and Tesla got ignored. To make matters worse, the government is now stealing Tesla's work ideas and making them into their own works by giving this information to the corporations related to them. Instead of looking to make a bunch of leaders being in control of us, I think it's best we don't even HAVE leaders. We're best off just doing basic town laws and make sure each town isn't corrupted. You see, a tiny little government the size of a town can easily be overthrown when they become corrupted. But when it becomes too big to handle, you're best off not giving any breath or effort to supporting it. If every single person on the planet stopped right now and looked at what they were doing to the world through their own actions (including voting), then stopped becoming cops and joining the army/military... This would not be an issue.
Blame Ekatoneikosipente (3 месяца назад)
We need to boycott big companies on discipline. I myself boycott nestle, coca cola, McDonald's, and apple.
Anuj Tech Boy (3 месяца назад)
Such group of corporations is nowadays called ILLUMINATI but really the scene is everything is business & even this corporations rule HOLLYWOOD & WORLD GOVTS.
Arman McHitaryan (4 месяца назад)
0:53 "Corporations are not innately bad. They can be bad or good just like people." Not really, quite the opposite. There are fundamental differences between the way human beings and corporations act. Corporations are by design created to generate profit for a very limited group of people, namely shareholders, who then may decide to compensate management, i.e. all sorts of CFOs and CEOs by dividends and remunerations. The law basically strips corporations of any social duties, and corporations externalize risk, that is they make the rest pay the damage and harm they impose on them. Corporations are amoral agents, they only pursue one end - profit for shareholders. None of this is true in case of a flesh-and-blood human being. We may not all be equally good or bad, but we are moral agents, we innately share some social responsibility, we live in families and communities, etc, and the law doesn't require us to 'live for our owners profit'. Corporations ARE in fact innately profit craving pathological collective institutions acting like psychopaths. There are very serious studies of this phenomenon, it's not a secret. Just check out Joel Bakan's The Corporation for starters, available here on youtube. And as it has been said in the comment, Google for one thing moves most of its profit in cash abroad not to pay taxes, they work on more BS projects than useful ones, so on and so forth. You can't really come up with a really socially responsible corporation, and even if you dig out one somewhere, it will be just for their image.
Fabricio Lima (5 дней назад)
Arman McHitaryan working for profit as your goal is not necessarily good or bad, corporations aren’t forcing you to buy any products.
Jpenney mrcoin (4 месяца назад)
sorry, google is not good.
no hassle (4 месяца назад)
The public need to start organizing to stop lobbying. I know that the NRA are catching a lot of heat right now (and so they should). Politicians will always be bought and corrupt when lobbying is made legal.
Kim Carlson (4 месяца назад)
Your succinct, useful, and informative video is diluted by the distracting and annoying background music. I would either lose it or substitute something less intrusive. Just my 2¢.
Glitched x 3d (5 месяцев назад)
This is a video everyone here in the US need to not only watch, but *understand*. Great job.
Sojourn Soul (6 месяцев назад)
Poor ol' Abraham Lincoln would have a heart attack if he saw the power of corporations today.
irongiant (6 месяцев назад)
Looks like Lincoln was right
dick castle (7 месяцев назад)
Laws are made by corporations for coroirations.... flesh and blood human beings don't matter. This is generally called fascism.
Fabricio Lima (5 дней назад)
dick castle yes, a big principle of fascism is corporatism, the fusion of state and market. We need to limit the state’s power by having a small govt with no meddling in the economy
Aristotele il filosofo (7 месяцев назад)
Note how the only problems are due to the collaboration between government and corporations and not to the nature of a corporation itself. What a company can do is to offer you a product that you are free to buy. It's when they get in bad with government that problems then follow.
A one legged man (1 месяц назад)
Alexander. Dito. Monopolies have only existed due to government intervention.
alexander reusens (6 месяцев назад)
Nope, problems also arise when corporations have little to no competition. Then you don't have the freedom to buy a product, you have to buy it from them or else you don't get it. Don't try to force your political ideology on reality.
Keenen Wade (8 месяцев назад)
Actually the coolest youtuber ive come across in awhile, keep it up!
Thought Monkey (8 месяцев назад)
Thanks!
SirYeshSir (9 месяцев назад)
There's a solution to this. Boycott government and take back the country.
Dennis Stankie (27 дней назад)
https://youtu.be/mWSO6zpHbEw
lee-yo wah-lee (10 месяцев назад)
28 usc 3002 I5
malbowz 125 (10 месяцев назад)
whoa, lets pump the breaks at 1:04 when you labeled Google the "good corporation". Google is not "good" at all. They censor search results and YouTube videos for content they don't agree with politically. They were proven to have buried negative search results for Hillary in the election. They visited the Obama White House more times than any other corporation - i.e. they are in league with the feds and are essentially one in the same entity. They actively encourage their employees to bully conservatives, encourage corporate thought police, corporate witch hunts, and fire those who express dissenting opinions. They spy on GMail users, sell your personal web surfing habits to unknown 3rd parties, and collude with the NSA. Not to mention that one day your job may be replaced by a Boston Dynamics robot with super advanced AI that you could never hope to compete with. Google is literally the opposite of their retarded pre-school mantra "don't be evil".
Owon06 (1 месяц назад)
burh google is a good corporation compared to others and robots wtf r u saying
CatsInTheBelfry (2 месяца назад)
they are still comparatively better since they make an effort to do good things to keep their PR balanced and therefore are relatively better
Sojourn Soul (6 месяцев назад)
Nice catch
Capitaine Cheng (7 месяцев назад)
This video seriously made me skeptical as soon as that part hit.
Bastiaan de Bruijn (11 месяцев назад)
Note: The Dutch Royal Shell is a (as its stated) Dutch Company, so a dutch company rules the oil market of the USA?
SirYeshSir (9 месяцев назад)
BP is also British Petroleum. The idea that we are owned by corporations isn't as outlandish as you might think. The Federal Reserve, for example, is a private bank. So, who owns america?
Baowulf Fritsch (11 месяцев назад)
murica needs another revolution
Bender Rodriguez (5 месяцев назад)
Baowulf Fritsch legislation that defines and criminalizes the schemes and loop holes used by corporations needs to be writen; and the public needs to organize and protest, but really protest.
donthaveone donthaveone (1 год назад)
lex showed his face and is suffering _so i respect him_ and wish to ask 4 his permission 1st that's the difference!
donthaveone donthaveone (1 год назад)
money magic
Top NocH (11 месяцев назад)
donthaveone donthaveone n e w W O R L D
Abel 36 (1 год назад)
n e w W O R L D o r d e r
YouTube SEO Agency (1 год назад)
Interesting video, you make my day. Keep creating vid, need more like you
Camron Ra (1 год назад)
Great video! Very informative you made the learning process quick and painless. Please keep up the outstanding job!
nicole bennett (1 год назад)
Wait cliff hanger -- what's your answer? =)
Thought Monkey (1 год назад)
I don't have one. But here is a great article with 8 of them! :) http://billmoyers.com/2014/11/21/8-ways-get-money-politics/
Ryan King (1 год назад)
FIRST!!! That is all.
please don't subscribe (2 месяца назад)
👑 I'm proud of you

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