Do Corporations Have Due Process Rights?

http://www.futureofcapitalism.com/2009/09/do-corporations-have-due-process-rights

Justice Sotomayor has been probing the possibility that the U.S. Supreme Court should re-think whether corporations should have the same rights as individuals, we noted here a couple of weeks ago. A similar issue is being debated in the context of Europe, where Intel is trying to use the concept of "due process" to defend itself against a $1.45 billion anti-trust fine. At the Web site of the Ayn Rand Center for Individual Rights, Tom Bowden makes the case that corporations should have the same rights that its individual shareholders do, and deserve the same legal protections. He argues that while the companies may be economically powerful, they lack the political power of the state, and thus need legal protection against being "steamrollered."

by Editor  |  Sep 30, 2009 at 9:05 am Related Topics:  Europe receive the latest by email: subscribe to the free futureofcapitalism.com mailing list