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Book: The Rise of Corporate Power  
Posted by iFaked23 on January 22 2008, 12:55 » Uploaded 23/01/08 12:19  

From the book, Gangs of America: The Rise of Corporate Power and the Disabling of Democracy, by Ted Nace

The British roots of the American corporation

The nature of life in medieval times was such that the social, the religious, the economic, and the political spheres were fully mixed. Each guild had its own patron saint and altar. For example, the Fraternity of Pepperers, which begat the Company of Grocers in 1373, which in turn begat the Turkey Company in 1581 and the East India Company in 1600, maintained an altar in the Church of Saint Antonin and paid a priest to pray for the souls of past members. Since London had no police force, guilds also played a role in maintaining public order. As early as the thirteenth century, the guilds controlled the city government of London. They elected the Mayor, who was known as the “master of all the companies.” But despite their power, the guilds could not always rest secure, because their relationship with the British monarchy was complex and at times tense.

More excerpts from the book:

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