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“Unlike natural persons, corporations have limited liability for their owners and managers, perpetual life, separation of ownership and control, and favorable treatment of the accumulation and distribution of assets that enhance their ability to attract capital and to deploy their resources in ways that maximize the return on their shareholders’ investments. Unlike voters in U.S. elections, corporations may be foreign controlled. Unlike other interest groups, business corporations have been effectively delegated responsibility for ensuring society’s economic welfare; they inescapably structure the life of every citizen. It might also be added that corporations have no consciences, no beliefs, no feelings, no thoughts, no desires. Corporations help structure and facilitate the activities of human beings, to be sure, and their personhood often serves as a useful legal fiction. But they are not themselves members of We the People by whom and for whom our Constitution was established.” – Justice John Paul Stevens, United States Supreme Court, Citizens United v. Federal Election Commission (internal quotes and citations omitted)

Published inEconomicsPolitics & LawThe American Constitution

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