Challenging Corporate Personhood
The interview below of Jan Edwards in Multinational Monitor Magazine traces the escalation of the US Corporation from business entity to its exalted status today. But as Edwards states, this certainly wasn’t the intent of our founding fathers. They knew that giving corporations rights equal to each person would enable them to exercise undue power over our citizens.
But tragically, corporations have gained these rights gradually over the years through our courts and as a result they now enjoy far more power than we dare to imagine. This has caused to an ever-escalating divergence between the wealthy and the poor that denies opportunities to millions while also preventing capital from seeking its highest utility. Few realize how this came to be, though. The interview here traces the gradual rise in prominence of corporations until a key period in the mid 19th century when their powertook hold through some clever exploitation of the courts.