Corporations Are People TooPosted: 20 October 2011
Remember that now famous line uttered by Willard? The media was all over this statement and bloggers jump it too….but you realize that this is NOT a new vision? What can I say…..this idea is over 110 years old and it came from the mouth of a Supreme Court Justice……sound familiar?
Read it and weep……..the HufPo writers have done an excellent job as far as the history lesson goes…..http://t.co/OQMO7Z2L
The idea of corporate personhood was once viewed as nonsense. A corporation was formed to limit the financial liability of its owners in pursuing their business: If the corporation went broke, debtors couldn’t come after its owners. That such a company might also have all the rights of citizens was a concept on the fringes. Yet by force of judicial will, Field pulled it right into the mainstream.
Field was as much concerned with protecting business investments as he was with working the Lord’s will. He was heavily invested in railroads and other industries that came before the Court, so much so that the chief justice at the time pressed him not to weigh in on certain cases. “There was no doubt of your intimate personal relations with the managers of the Central Pacific, and it would tend to discredit the opinion if it came from someone known as the personal friend of the parties representing these railroad interests,” the chief justice warned Field,
A fascinating article with lots of facts and history……please read it again…..http://t.co/OQMO7Z2L
If we want to fight the People United decision from the bought off judges….maybe we should start with the Constitution…….all us bloggers that want6 to fight the “Corporations Are People” crowd then we should print or bookmark these writers efforts to inform us…there is a wealth of information in the article and all of it can be useful….