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Thursday, January 28, 2010

Comments

donCoyote

Professor, check out Websters 1828 dictionary.

"A body politic or corporate, formed and authorized by law to act as a single person; a society having the capacity of transacting business as an individual."

http://1828.mshaffer.com/d/search/word,corporation

KB

Thanks Don. Apparently Professor Newquist has his own private version of English.

William

Too bad OBama seems to be using Dr Newquist's dictionary, as well...

phil

as if dictionaries are not updated to reflect the times? legal definitions are included, but does that mean its correct usage. this seems to miss the point. the fact of the matter is that corporations should not be included in the definition, not what it has been amended too.
a corporation has been a "person" since the 1880's, but that does not make it just.

KB

Thanks, DC and William. Phil: yes, the fact that legal definitions are included does mean that that is the correct usage. That's the point of definitions. Whether it is just that corporations have been treated as persons, with rights and duties, is a separate question.

But it is not a difficult one. Corporations have been treated as legal persons because otherwise it is very difficult to regulate them. If it isn't a person, how can it break the law and be held accountable?

The question is not whether corporations should be treated as persons, but what rights and duties corporations should have.

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