People are people! It seems fairly simple. Presumably the U.S. is also a government “of the people, by the people and for people…” at least as far as the U.S. Constitution is concerned. Then, of course, there is this “thing” called a corporation. What exactly is a corporation?
By a rough definition, a corporation is a “legal, abstract entity.” What this means is that a corporation is a legal entity created for the purpose of protecting the owners from any financial liability concerning the operations of the corporation. If a corporation has to go bankrupt, then the individual owners aren’t personally liable for the financial consequences. This all seems pretty straightforward. So what if corporations have the same rights as people? Well, this is where it all becomes very interesting, and yes, very complex. Are corporations people?
The courts have indeed decided that corporations are people and have essentially the same rights as people. This is readily apparent with the 14th amendment that says that no one can “deprive any person of life, liberty, or property, without due process of law.” This means, in part, that corporations have the same property rights as people.
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The good news is that most corporations are local and employ fewer than 100 people. These small corporations employ most of the workers in the U.S. and they have little political influence.
The bad news is that the few errant, predatory corporations are running the show around the world. Some of these multi-national corporations are larger than many countries.
The U.S. Supreme Court last year removed all restrictions on the corporate financing of political campaigns. Now we will see what happens when a few corporations have the money, power and influence to rule the world. Will they be creating any much-needed U.S. jobs of all types?
These large, multi-national corporations got large, in part, because they outsourced jobs to lower-wage countries. The bulk of these corporations’ sales are also outside of the U.S. It is even a stretch of the imagination to call these U.S. corporations since many of them are even headquartered in the Cayman Islands and other such locations to avoid paying corporate taxes.
A separate article is needed to describe the corporate welfare that most of them receive.
And why in the name of pluperfect hell are they bailed-out with taxpayer dollars when their utter incompetence causes them to go bankrupt? Who died and left them in charge anyway?
Yes, I know that these few predator corporations own the political process, the mass media, and educational institutions and control the world money supply.
Lets just be done with it and truthfully acknowledge that the U.S. is a government: “of the corporations, by the corporations and for the corporations.” The least we can do is be honest.
We also don’t need to buy their products and services if we choose not to! Just a thought