But, none of the Founders bought that argument. It was one of the reasons for the Revolution. There were plenty of reasons for rebelling against the English Crown. One of the aggravating reasons was that Parliament granted the British East India Company a monopoly on the sale of tea to the Thirteen Colonies. They were free to gouge Americans at their leisure, and this was made possible after much lobbying by representatives of the East India Company of British Parliament and the royal family.
In fact, because of the distrust of corporations built up under English rule, the first century of the Republic saw very stringent controls on what a corporation could and couldn't do, including the length of time a corporation could remain in existence and the terms that a corporation is to be disbanded. The corporation that was chartered to build the Eerie Canal was disbanded after the canal was built, for instance. Under American law at the time, corporations were creatures of the legislature that established them and were subject to legislative action. It wasn't until after the American Civil War that captains of industry started pressing their advantage to loosen restriction, after having witnessed that their production might helped win the Civil War.
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