Stockholders are the actual ‘individuals’ – not corporations |

Stockholders are the actual ‘individuals’ – not corporations

The recent U.S. Supreme Court majority’s decision carries on flawed court thinking regarding the so-called rights of corporations and other powerful interests to be treated as individuals and to have the same rights to “free speech” (now, there is an oxymoron).

Justice Kennedy, speaking for the majority: “Were the court to uphold these restrictions, the government could repress speech by silencing certain voices.” His ruling allows corporations and wealthy interests to drown out underfunded voices – resulting in the same net effect (“silencing certain voices”), but harming democracy, the “free and equal representation of people,” (Encarta).

For the U.S. to maintain representative government, someone must argue before the court that corporations must take a vote of stockholders – the actual “individual” of the corporate body – before they take a stand on issues and/or candidates. Otherwise, the private sector’s inordinately powerful parallel shadow government overturns our founders’ intentions: “Governments are instituted among Men, deriving their just powers from the consent of the governed” (Declaration of Independence).

The job of “elected” corporate boards is to enhance narrow, not societal interests – relegating “representative” government to being a subset of economics.

Hey Tea Party, how about going after corporations while you are at it?

Terry Lamphier

Grass Valley

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