I recently had a conversation with Susan W, Clark concerning the implications of the recent Supreme Court decision on corporate political speech. We were watching PBS Newshour.
The two commentators (Mark Shields and David Brooks) were in disagreement about whether corporations would use their now legally clear ability to spend all the money they wanted to influence elections and legislative issues.
David Brooks said that corporations are interested in the welfare of people generally because, after all, they wanted to sell to them. Mark Shields responded that he did not see corporations pushing for the Equal Rights Act, or supporting the Voting Rights Act.
Sue’s response was, “Of course not. Corporations are selfish greedy bastards!”
While her remarks can be taken as somewhat cynical, and may well be offensive to those who disagree, there is unquestionably some truth in her statement.
After all, law and precedent have repeatedly clarified that the primary responsibility of corporations in the United States is to maximize return on investment for their stockholders. This imperative is so overwhelming that it actually overrides the corporations’ responsibility to obey the law.
History holds many examples of corporations selling defective products that injure or kill people, even when the corporations had full knowledge that their products would do so. A review of the records shows that they often continued to manufacture and sell those products because it was more profitable than redesign, repair, or discontinuing them.
It is hard to disagree with the “selfish, greedy” part. The “bastard” part should probably be considered artistic license.
What do you think?