[lbo-talk] corporate personhood

Joanna 123hop at comcast.net
Thu Jan 28 17:44:59 PST 2010


Michael writes:

"Corporations were persons before this decision, they will always be legal persons -- i.e., bearers of rights -- as long as they exist. That's legally necessary. But it is not legally necessary for corporate persons to have the same protection as natural persons."

OK. But what's missing from this is that their charters were temporary and limited, and that they had to offer a social good/benefit for that temporary charter. That's why you got to incorporate. It wasn't enough that you were "providing jobs." You had to do something pretty seminal to contribute to the welfare of all.

All that has gone by the wayside.

J.



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