In response to:

Jim McGovern's War on the Constitution

Ike22 Wrote: Apr 25, 2012 2:53 PM
A bit off target. Corporations were not formed for business convience such as having one person sign a lease rather than "..all the stockholders". If that were the object, a part of the shareholders' agreement would be some designated company officer could sign. They were formed as a means of limiting the liability of shareholders to thevalue of their shares and corporate "personhood" - a neologism for juridicial persons, I assume - is to avoid responsibility for their actions when they're acting "for the corporation". The parts about the First Amendment, of course, are entirely correct: those who own a business via the corporate form of organization have every right to support whoever and whatever they want in politics.
Chris from Kalifornia Wrote: Apr 26, 2012 8:44 AM
Corporations always have someone designated to sign documents. The primary purpose of a corporation is for people to pool their assets and resources to produce goods and services more efficiently than they can individually. The avoiding liability is a "johnny come lately" advertising gimmick of lawyers to increase business. Yes it's real but it is in no way the primary reason for the existence of corporations.
Robert97 Wrote: Apr 26, 2012 10:00 AM
"Limited Liability" is hardly "johnny come lately" as it is about 200 years old. More importantly, it is not a gimmick, but one of the fundamental building blocks of western civilization. Without it, we investors would be restricted to local partnerships, local banks. And we consumers would be deprived of just about all the consumer products we enjoy. The only exception I see is what you buy from local producers: a haircut (but no electric clippers), local farmers (but no trucks).

US REPRESENTATIVE JIM MCGOVERN, a Worcester Democrat, generated some unwanted controversy two years ago when he publicly declared: "The Constitution is wrong."

The context was a discussion of campaign finance during a debate between McGovern and his Republican challenger, Marty Lamb. "A lot of the campaign-finance laws we've passed have been declared unconstitutional by the Supreme Court," McGovern said. "I think the Constitution is wrong. I don't think money … equals free speech. I don't think corporations should have the same equality as a regular voter."

Critics pounced, a minor storm erupted, and a day later McGovern took his...