Elizabeth Warren DNC Speech Complete: 'Corporations Are Not People' - Democratic National Convention

Massachusetts Senate candidate on the future of the middle class. For more: http://abcnews.go.com/Politics/dnc-20...

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[leonx360]

I think you have a very skewed view of how the world actually works. Corporations consider their executives and shareholders as the most important stakeholder's and the reason is simple: They are human and plagued by selfishness. Consumers and Employee's fall very short of those two. Regulation protects consumers and employee's. Wage's are of course in the interest of the Employee's and Taxes support government services. Removal/Lowering of these only benefits Executives and Shareholder's.

[hallabalooza]

That's not very compelling. You could just turn it around and say "saying that corporations are people is populism".

[Vladimir Ushakov]

I understand you, yes, legally, there's a difference. But i still see populism in "corporations are not people", i believe she wasn't speaking about legal differences between a person and a business...

[hallabalooza]

I see your point, and yes it is a "weird way" that is just not found in the U.S. constitution...

The only thing I could imagine is something out of the German constitution where they differ between "natural" and "juristic" persons. So you might claim corporations can act as juristic persons, but calling them people is just silly.

[Vladimir Ushakov]

"machines to generate revenue in the interest of its shareholders and nothing more." By doing that, they forced to use all resources as effective as possible. By doing that, they make good for society. Unless goverment help certain corporation by messing with a free market system we should have (not sure we have), then yes.

[Vladimir Ushakov]

In a weird way, yes. When you tax cars, people pay that tax, not cars. Just as corporations. Corporations create jobs for people and create products and services for people. If you attack corporations with higher taxes, more regulations, minimal wages you hurt people, not corporations. People who lose their jobs or don't get one when they could, when they pay more for a certain product or service.

[Cfli731]

If anything, corporations, as individual entities, and not including the CEOs, the board, the workers, because not a single person make all the decisions, are more like machines to generate revenue in the interest of its shareholders and nothing more.

I don't believe there is anything populist about pointing out that the fundamental design of this entity we call a corporation in America, through our regulations and polices, is flawed and should be challenged.

[hallabalooza]

Cars are also created by people and ruled by people hence cars are people?