As corporate personhood and managerial independence were becoming established in law, the control of corporations over the economy was so vast that Woodrow Wilson described “a very different America from the old, … no longer a scene of individual enterprise … individual opportunity and individual achievement,” but an America in which “Comparatively small groups of men,” corporate managers, “wield a power and control over the wealth and the business operations of the country,” becoming “rivals of the government itself.”
From The Corporate Takeover of U.S. Democracy by Noam Chomsky (via mindbodyproblem)