© Josh Sager – December 2013
Since the 1800s, corporations have been a very popular method of organizing large pools of capital into cohesive economic entities. Today, corporate entities do everything from charity work to making computers for a profit and control huge swathes of the economy.
In order to allow corporations to function in the United States, corporate entities have been granted a degree of personhood that allows them to function in the market and the courts. The 1819 Supreme Court case Trustees of Dartmouth College v. Woodward enshrined the rights of corporations to enter into contracts as though they were actual people and ensuing Supreme Court decision have only expanded these rights.
Unfortunately, it appears that a confluence of legislative, executive and judicial events may result in American law dramatically altering its classification of corporations in a way that increases their power.
Under the 2010 Supreme Court case
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