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The details of corporate personhood differ from legal system to legal system: the US version seems extreme to me, but it's not necessarily the only way it can be done.
by Colman (colman at eurotrib.com) on Sat Sep 1st, 2007 at 04:56:01 PM EST
The US version is so extreme because of an 1888 ruling of the Supreme Court, however it's firmly rooted in Anglo-Saxon jurisprudence.  I think that this has led to some differences between common law and legal code countries.  

However the limitation of liability to investments made is something that all the systems have in common.  And at a more basic level, there's an argument that the protection of property rights of any kind rests upon the ability of the state to coerce.  Thus, calling into question again the belief that the Market exists without coercion.

I take it from the silence in the comments that I've either throughly confused everyone, or they just don't care.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sat Sep 1st, 2007 at 06:03:18 PM EST
[ Parent ]
Actually that's the very point, I take it you're referring to Corporate Personhood which seems to confer exceptional rights but precious few responsibilities on corporations.

I think that's the differnece between the US and the rest of the world. Even the UK is uncomfortable, culturally, with the way the US is organised. However, globalisation has had interesting results. Initially the globals were able to hide behind US military might to impose the american legislative settlement on the 3rd world. However, now with manufacturing and profits moving away from mainland USA, the people of the US are beginning to wake up from the dream of the Matrix and wonder what they signed up for.

I rather fear it's all too late.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Sep 3rd, 2007 at 09:54:09 AM EST
[ Parent ]

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