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It is very interesting, this new twist on Corporate person-hood. Though it may not sit well to accept this (from whence, their soul?), the big legal guys (and gals) have told us what to think, that is, what the 'legal' notion ought to be.
There may be some benefits, if we adopt the proper perspective.
We can now apply moral arguments to Corporations, which means, from our common basis as Americans, more than just mere ethics!! We, the people, have as much constitutional right as do those behemoths (and their executive pilferers - now we can tell it like it is).
Consider: Yes, Corporation, quit being a bully (you see, it applies to them not treating their employees as chattel). Oh, Corporation, did you wash behind your ears (applies to their antics of not realizing their citizen-hood's responsibilities as required of adults)? Oh, stop the tantrum, Corporation (ah, yes, now CEOs can no longer play the role of Lordly Prince, as it's unconstitutional)! Oh, Corporation, gambling again (as a friend, I need to tell you that you're addicted to filthy lucre - and power)?
We ought to love this, folks.
This could turn out well for the working folks. Too, look at the responsibilities of a person: family, civic, their own person hood (cannot have an emaciated workforce), etc. It goes on and on.
The question remains, from whence the soul? Not the CEO from what we've seen!!!!
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Afterword:
As this news gets further analysis, it does look better. Why? In the ideology of economics, there is a crowd who favors 'lazy fare' and who think that some are allowed more latitude to do what they want than others. They glorify Any Rand's concept behind Galt.
In fact, some go so far as to claim that jungle metaphors are appropriate or that darwinistic insights apply. Well, the legal establishment is saying no, at least a large enough portion to have supported this determination.
So, now, consider that all Corporations are to fall into social and moral good behavior just as we expect from any citizen. Is not that great? Too, we have plenty of experience in handling rule breakers and, even, in defining the rules.
Except, how do we perp walk a Corporation? What about incarceration?
Corporate American, you who have squandered our resources, out-housed our backbone, dissed our people (your fellow citizens - what say you?), it is time that you admit that the game plan of the past 20 or so years is lame and that you need to move on toward an improvement that has been sadly ignored while you filled your fat cat pockets. You need to know that Main Street is your bread and butter, not any colony elsewhere (not until we have a United State of the Earth, or similar -- note, I did not say UN).
Remarks:
12/05/2012 -- Nice to know that Coase's view agrees with mine, somewhat.
11/04/2011 -- Cartoon coincident (Mark Lukovich) in time with this post.
11/04/2011 -- Cartoon coincident (Mark Lukovich) in time with this post.
11/01/2011 -- Post the post on 09/21, the OWS popped up (or the awareness of the effort came into the media's focus).
Modified: 12/05/2012
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