Is Granting Unintended Rights to Corporations a Part of Capitalism?
Here’s a discussion I’m having with a reader on the subject of the Supreme Court ruling of January 2010 that grants the rights of real persons to corporations. I hope other folks will join in.
PS: I don’t understand how corporations can “extend their powers” as a result of the Supreme Court ruling you mention.
Craig: It’s fairly simple. Let’s take an example. Chevron made $24 billion profit last year. Now I’m not saying that they will do this, but as of January, 2010, they can spend as much of that as they want influencing our elections, ensuring the victory of a candidate who supports them, who will make things difficult for renewable energy and electric transportation while continuing or expanding favors for oil, which currently include: (more…)