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View Diary: The Power Of The State: Privacy Rights and Economic Rights (296 comments)

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  •  Exactly.... (none)

    The bill of rights applies to PEOPLE, not to fictitious entities.

    In particular, with limited liability, corporations currently have rights, but not responsibilities. They can lie, cheat, steal, give out all their money in dividends, and then close up shop when someone asks them to clean up some of their pollution. Look in Montana for a good example of some hugely polluted mines that were just abandoned after all the minerals had been extracted, and all the money was transfered to the shareholders. Then the shell of a corporation just declared bankruptcy when Montanna asked them to clean up a little bit.

    I could see a Corporation getting actual rights if an actual shareholders were willing to take its liabilities. If someone is willing to go to jail for negligent homicide when the corp's products kill someone (just like a person would if they killed someone through their own stupidity or carelessness), then I could see a corp also inheriting the rights of that person.

    As long as limited liability remains in place though, it is incredibly destructive to indulge this fiction of corporate rights. Have one, or the other, but never both.

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