lytheUnited
questionwasthis:Withpoliticalspeech,docorporationshavethesame
rightsaspeople?Byavoteoffivetofour,theconrvativemajority
ies,laborunionsandotherorganizations
maynowspendastheywishonindependenteffortstoelectordefeat
ingisbadontheideaintheUnitedStatesandmany
ianJeff
SklanskysaysaslowshifttopersonhoodforAmericancompaniesbegan
statescannot
uling,
ChiefJusticeJohnMarshalldescribedacorporationasan"artificial
being"thatisa"creatureofthelaw."
asAmericansresistedbigcorporationsliketheFirstBankoftheUnited
States,atespasdlawspermitting
heCivil
Warintheeighteensixties,theFourteenthAmendmentwasaddedtothe
idesthatnostatemay"depriveanypersonoflife,
libertyorproperty,withoutdueprocessoflaw..."Ifacorporation
islegallyaperson,thenstatescannotlimitcorporaterightswithout
t,corporationswerenotfully
fSklanskyatOregonStateUniversitysays
LANSKY:"ThegeneraldirectionoftheSupremeCourt
andthefederalcourtsingeneralwastorecognizecorporationsaspersons
withthesameFourteenthAmendmentrightsasindividuals."Yet
corporationshavearightthatrealpeopledonot:limitedliability.
Forexample,acorporationcanfacecivilorcriminalfinesandindividual
itedliabilitymeanstheactionsof
Sklanskysaysthenineteenthcenturydevelopmentoflimitedliability
YSKLANSKY:"Thatisalso
crucialtoallowingcorporationsakindofindependentpersonhoodand
[theideais]Icaninvestinacorporationwithoutbecomingliableand
'tit,anythinglike
themodernstockmarket,I'dsay,isimpossible."
Andthat'stheVOASpecialEnglishEconomicsReport,writtenbyMario
ek,moreoncorporationsandthelaw.I'mSteveEmber
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