Ah corporations! Some of my favorite people!
Way before
Santa Clara, like 100 years before, there was
Dartmouth vs Woodward here and shorter
here that clarified the
constitutional provision that the state must uphold contracts, which of course is all corporations are; contracts between shareholders.
This provision is kind of important because contracts are the basis of private property. But that decision (like lots of early SCOTUS rulings) set in motion the whole long line of corporate deregulation that occurred way before personhood.
Corporations had been very closely regulated initially because much of the abuse the colonists endured came at the hands of British corporations backed by the King. But all through the 1800s industry boomed and laws regulating corporations were relaxed as people had their minds elsewhere and benefited from moving to the bright lights provided by the industrialists.
This is the perfect example of how
not voting is the problem. Almost as much as voting for your short term interest rather than the broader, grander ideas. It is exactly the same today. We knee jerk about Momma Grizzly and MSNBC while we just continue giving away our freedom to the owners. Except for Lizzy there isn't much of any politician about to rant on corporations like Grover ranted back in '88...
$this->bbcode_second_pass_quote('', 'W')e discover that the fortunes realized by our manufacturers are no longer solely the reward of sturdy industry and enlightened foresight, but that they result from the discriminating favor of the Government and are largely built upon undue exactions from the masses of our people. The gulf between employers and the employed is constantly widening, and classes are rapidly forming, one comprising the very rich and powerful, while in another are found the toiling poor.
As we view the achievements of aggregated capital, we discover the existence of trusts, combinations, and monopolies, while the citizen is struggling far in the rear or is trampled to death beneath an iron heel. Corporations, which should be the carefully restrained creatures of the law and the servants of the people, are fast becoming the people's masters.