Last week the U.S. Supreme Court decided 5-4 that corporations, entities created to emulate a single person, have one more “right”–the right to contribute without limitation to political and referenda campaigns.
This quote is from Justice Anthony Kennedy, writing for the majority:
“Because speech is an essential mechanism of democracy — it is the means to hold officials accountable to the people — political speech must prevail against laws that would suppress it by design or inadvertence.”
Writing for the minority, Justice John Paul Stevens opines:
“The conceit that corporations must be treated identically to natural persons in the political sphere is not only inaccurate but also inadequate to justify the Court’s disposition of this case.”
What does that mean? It means that, as far as the lotus-eaters of the Supreme Court is concerned, Citibank is the political equal to John Doe and Jane Roe.
Who the hell does the Court think it is kidding? Corporations now have no limit to financing the election campaigns for the sock puppet politicians that do their political bidding.
If Wal-Mart decides that labor unions should be outlawed in a given state, or a latter-day Enron decides to cook their accounting books out of the eyeshot of regulators, it can happen. And will.
Be afraid.
Very afraid.