Chapter 7, Private Lives and Corporate Rights Summary and Analysis

There is an unbalanced and unequal relationship between authority and governance, meaning there is a distinction between private lives and corporate rights. The old state charter companies that sailed to the New World were forms of corporations that absorbed risk of damage during a storm and allowed for speculation. Corporate charters through the years have had various purposes. Some early charters were restrictive and granted very specific limited rights. After the Civil War, the rights of corporations grew as a corporation was given the same rights and responsibilities as a person.

The Clean Air Act of 1970 resulted in the Environmental Protection Agency. The oil refineries spent millions of dollars fighting the provisions of this law. Along with the

American Enterprise Institute, they published articles showing how cost-ineffective the stringent standards were...