Mitt Romney Is Correct

Romney drew catcalls for saying that corporations are people.  He should be applauded for saying the truth.  According to the Constitution, Blacks were fractional people – – 3/5, to be precise – – and without any rights.  The 14th amendment granted Blacks their status is part of humanity, but the Supreme Court gradually gutted that part of the 14th amendment.  In compensation, the court granted even more rights to corporations by recognizing them as people.

 

In addition to the rights supposedly granted to ordinary people, corporations have additional rights, such as immunity to most laws, especially the death penalty, even when the corporations act irresponsibly.  Even when such behavior takes human lives, the corporations escape unscathed.

 

When I was an undergraduate, H. L. Hunt, leader of the Hunt clan (and supposed Kennedy assassination conspirator), proposed on his radio show that one dollar – one vote would represent true democracy.  The idea seemed ludicrous to me at the time, but Hunt proved prophetic, especially after the Citizens United decision.

 

Of course, Romney was absolutely correct.  Corporations are people.  Congress has the duty to (exclusively) represent these artificial people.  Now is the time for all of the presidential candidates as well the rest of society to knowledge this fact.  Corporations are people, and will continue to be people until the time comes that real people wake up and put an end to this nonsense in which corporate rights take precedence over human rights.

 

 

2 comments so far

  1. GeorgeNYC on

    It is amazing to me how “corporations” have become anthropomorphized. They started as a means to encourage investment in projects that required massive capital expenditures by allowing for a “limitation” of liability to the amounts invested. I would think that if you asked anyone today they would say that there is a “right” to incorporate. They absolutely refuse to see it as effectively a government siubsidization of business throught he limitation of liability. Worse yet, for certain areas that involve speculation, it is crazy to grant limitations of liability. Up until about 10 years ago the Lloyd’s market, the oldest insurance market in the world worked on “unlimited” liability with individual “Names” pledging their entire net worth. The actual underwriters were required to be “Names” so that ther own net worth was on the line when they were underwriting risk. Think how that would have focused the AIG employees writing derivatives contracts. In fact, most investment banks were operated on a pure “partnership” basis. The “corporatization” of Wall Street is actually quite new (along wioth the TBTF).

  2. mark hansen on

    yes, the supreme court says corporations are people.
    however the share holders of a corporation are not required to be u.s. citizens.
    so if a corporation is chartered in the u.s., but a controling interest of the shares are held by people from a country which wishes to destroy the u.s. wants to it can work to defeat those runnning for u.s. political office which it believes would be doing work in the best interest of the poeple of the u.s.
    of course most corporations are not just one corporation.
    many of the largest do “off shoreing” wherein the expenses are rung up in the u.s. and the profits are credited in the bahamas or elsewhere.
    businesses which actually make something in the u.s.rather than just bottling debt or holding patents can’t do this because their transactions have to be recorded where they are made.


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