Question

In: Finance

Reflection 500 words What is your viewpoint about corporations as persons?

Reflection 500 words

What is your viewpoint about corporations as persons?

Solutions

Expert Solution

The idea that corporations have legal rights, and therefore a kind of personhood, is not an invention of contemporary conservatives. Its roots stretch all the way back through the history of American law and deep into the English common-law tradition. That tradition was captured most comprehensively — and communicated to the American founders most forcefully — by William Blackstone's Commentaries on the Laws of England. The very table of contents of that work bears witness to the legal tradition of granting rights to corporate persons. Chapter 18, "Of Corporations," is placed in "Book the First: The Rights of Persons."

Corporations as legal forms, Blackstone explained, are "artificial persons," created by law "for the advantage of the public." The rights accorded to the corporate form, he thus suggested, were granted in order to encourage cooperation among individuals with a view to socially useful ends. Without the corporate form, an association of individuals could not make binding rules to govern its members or internal structure. Without certain rights, it could not hold property indefinitely as an association — the death of the association's members would mean the death of the association. Without granting corporations certain rights, individuals could not securely create an association that would have a life, an identity, and a mission that could continue from one generation to the next.

Because of this long tradition of legal understanding, it is not unusual for the word "person," when found in legal texts, to apply to corporations. In this common parlance, it simply means that corporations have certain legal rights and responsibilities. Congress acknowledged this principle explicitly in the so-called Dictionary Act of 1871, which laid down rules for construing federal laws. Contained in Section 1 of Title I of the United States Code, this provision notes that, "unless the context indicates otherwise," the "words 'person' and 'whoever' include corporations, companies, associations, firms, partnerships, societies, and joint stock companies, as well as individuals."

To be sure, a given reference to "persons" and their rights in the Constitution may or may not be intended to refer to corporations. Frequently, as the language of the Dictionary Act indicates regarding the interpretation of statutes, it depends on the context. For example, the framers surely did not intend to refer to corporations when they provided that representation in the House of Representatives shall be determined with reference to "the whole Number of free Persons" in each state. The Census Bureau, then, quite properly does not count corporations when ascertaining each state's population. Similarly, when the Constitution holds that "no Person shall be a Representative who shall not have attained to the Age of twenty five Years," it is certainly not suggesting that a corporation could be elected to Congress.

And yet, one cannot easily dismiss the idea that some constitutional provisions do properly apply to corporations as well as individuals. But this is exactly what the left is now attempting with its flat, simple claim that "corporations are not people."


Related Solutions

Provide a reflection of at least 500 words of how the knowledge, skills, or theories of...
Provide a reflection of at least 500 words of how the knowledge, skills, or theories of the course Legal, Regulation and Compliance and Investigation, have been applied or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have observed these theories and knowledge being applied to an employment opportunity in your field of study.
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the...
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of Application security have been applied, or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Please write an essay using your own words about the following prompt (500 words): In an...
Please write an essay using your own words about the following prompt (500 words): In an evolution vs. creationism debate, you have been asked to be the expert witness for the scientific perspective that states that evolution of life on Earth is a fact, and is central to understanding modern biology. Detail your presentation, be sure to address at least 5 major points creationists will put forth to try and say that evolution is “just a theory”.
write personal reflection of more than 750 words about your own experience with madness or mental...
write personal reflection of more than 750 words about your own experience with madness or mental illness (or that of someone you've observed or a public figure). What labels or diagnoses did or could apply and why? How were you and those around you affected? What kind of therapy or healing approach was or should have been provided?
****In your own words****, write a paragraph (500 words) about how psychological consequences affects obesity in...
****In your own words****, write a paragraph (500 words) about how psychological consequences affects obesity in children?
Short Reflection: Organizational Behaviour My topic is the Automobile industry. Please write 450-500 words. Describe what...
Short Reflection: Organizational Behaviour My topic is the Automobile industry. Please write 450-500 words. Describe what kind of organizational structure you would adopt for your chosen business and explain why. Be sure to cite using APA format.
Discussion about Team Identity in 500 words
Discussion about Team Identity in 500 words
write 500 words about electric circuits
write 500 words about electric circuits
Solve for this persons utility level if they are given $500 in cash and $500 in...
Solve for this persons utility level if they are given $500 in cash and $500 in vouchers to purchase good y U=x^.7 y^.3 Px=10 Py=10 what level of cash would make this person indifferent between the 500 voucher for y and the cash
In 500 words explain what the illusion of the epoch by John F. Henry about?
In 500 words explain what the illusion of the epoch by John F. Henry about?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT