If corporations are people, it's time we start treating them like people. When laws are broken by corporations (or the agents of the corporation), I don't want to see this "settlement" bullshit that the FDA, SEC, FCC, etc. will engage in. I want the corporations taken to court, tried, and if convicted, I want their corporate charters revoked (or the stockholders can be wiped out and the corporate assets liquidated to the highest bidder).
I see this as a double standard. In terms of speech, corporations are viewed as "collections" of people...This collection of people is entitled to spend money and speak for the whole (regardless of whether the individual shareholders agree). But when this same collection of people breaks the law (even if it's individuals within the corporate entity), suddenly the "collective" mindset breaks down. The corporation isn't held accountable; instead, the individual agents acting on its behalf are held accountable (and only sometimes at that).
It's nothing original, but I love the statement: I'll start believing that corporations are people when Texas executes one.
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07-22-2012
Hybrid Mode
