In every common-sense, everyday way, a corporation is not a person. Corporations don’t date, don’t have families, don’t go catch a movie on Friday night. They also don’t go to jail when they do something criminal. But in the eyes of the law, corporations enjoy many of the same rights — including free speech and religious expression — and protections afforded to individuals.
A year ago, the Supreme Court ruled that corporations could not be banned from political spending during elections through either independent expenditures from corporations’ general funds or “electioneering communications,” i.e. political ads. Detractors cried out that it would let loose a flood of corporate cash into elections, and they were right. A new Public Citizen report shows that outside groups quadrupled their contributions during the last mid-term election from the previous, and we will never know exactly where a good deal of the money came from.
Last week, JP Morgan Chase CEO Jamie Dimon was a wanted man in the city of Atlanta. The city solicitor issued a warrant for his arrest.
Big Fat Whale has an awesome comic making fun of the idea of “corporate personhood,” which is this weird thing we have that lets corporations be treated as “persons” for legal purposes, and afforded some of the rights and responsibilites of natural persons, like they can be taxed, have free speech, and even arrested. Well, what if the corporations really were people in the flesh? They wouldn’t be very nice. See the rest of the comic, including James Comcast (I’ll let you check out this great website for sixty bucks!) and Tiffany Conagra. [Big Fat Whale]