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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (795058)7/14/2014 2:21:12 PM
From: combjelly2 Recommendations

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bentway
tejek

  Read Replies (3) of 1583001
 
The EIC had the power they did because The Crown granted them that power.

Correct, And they believed that such a powerful company couldn't exist in the US because the government wouldn't grant a company that kind of power.Remember, this was before the Industrial Revolution took hold in the US. There just wasn't any way to accumulate massive amounts of wealth. They saw the US as a network of small farmers and merchants all on more or less equal footing. Wealth was derived from labor and the government or other entities were not entitled to the fruits of that labor.

For those who lived off the labor of others, most of the Founders held them in low esteem. A possible exception was Hamilton. Adam Smith had a low opinion of rentiers and he was a big influence.

Try googling 'founding fathers wealth concentration".

My understanding of history is pretty good. Yours seems to be very shallow.
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