Discussed here at TNR as if this were news to them:
Winkler’s approach is different from the outset. He does not see corporate behemoths as a deviation from the ideal of a land of small entrepreneurs. Nor does he see the corporate form—the structure that allows a business entity to have a degree of independence from those individuals who found it—as inherently menacing. The British colonies, he points out, were settled by private organizations such as the Massachusetts Bay Company and the Virginia Company, entities that had stockholders and were governed by charters—essentially, by corporations. “Democracy and constitutionalism,” as he puts it, “were intimately tied up with the corporation from the very beginning.”
