Noam Chomsky: Prospects for Democracy Part 3 - Adam Smith, Corporate Personhood (1994)

March 10, 1994 http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.... Watch the full lecture: http://thefilmarchived.blogspot.com/2010/08/noam-chomsky-on-prospects-for-dem...

Jeffersonian democracy, so named after Thomas Jefferson, is a political philosophy supporting a federal government with greatly constrained powers and advocating a strict interpretation of the U.S. Constitution. Jeffersonian philosophy also called for state and local governments to safeguard the rights and property of citizens. Jeffersonians recognized both private and common property. This philosophy dominated American politics in the years 1800-1820s. It is contrasted with Jacksonian democracy, which dominated the next political era, and Federalism, a contemporary political theory advocating a strong federal government. The most prominent spokesmen of this political philosophy included Thomas Jefferson, James Madison, Albert Gallatin, John Randolph of Roanoke, and Nathaniel Bacon.

In its core ideals it is characterized by the following elements, which the Jeffersonians expressed in their speeches and legislation: - The core political value of America is representative democracy; citizens have a civic duty to aid the state and resist corruption, especially monarchism and aristocracy. - The yeoman farmer best exemplifies civic virtue and independence from corrupting city influences; government policy should be for his benefit. Financiers, bankers and industrialists make cities the cesspools of corruption, and should be avoided. - Americans had a duty to spread what Jefferson called the "Empire of Liberty" to the world, but should avoid "entangling alliances." - The national government is a dangerous necessity to be instituted for the common benefit, protection, and security of the people, nation or community; it should be watched closely and circumscribed in its powers. Most Anti-Federalists from 1787-88 joined the Jeffersonians. - The wall of separation between church and state is the best method to keep religion free from intervention by the federal government, government free of religious disputes, and religion free from corruption by government. - The federal government must not violate the rights of individuals. The Bill of Rights is a central theme. - The federal government must not violate the rights of the states. The Kentucky and Virginia Resolutions of 1798 (written secretly by Jefferson and James Madison) proclaim these principles. - Freedom of speech and the press is the best method to prevent the tyranny of the people by their own government. The Federalists' violation of this idea through the Alien and Sedition Acts of 1798 became a major issue. - A standing army and navy are dangerous to liberty and should be avoided; much better was to use economic coercion such as the embargo. - The United States Constitution was written in order to ensure the freedom of the people. A strict view of how the constitution was written is kept. However, "no society can make a perpetual constitution or even a perpetual law. The earth belongs always to the living generation." - All men had the right to be informed, and thus, to have a say in the government. The protection and expansion of human liberty was one of the chief goals of the Jeffersonians. They also reformed their respective state systems of education. They believed that their citizens had the right and should be educated no matter their circumstance or status in life.

The corporate personhood debate refers to the controversy (primarily in the United States) over the question of what subset of rights afforded under the law to natural persons should also be afforded to corporations as legal persons.

In the United States, corporations were recognized as having rights to contract, and to have those contracts honored the same as contracts entered into by natural persons, in Dartmouth College v. Woodward, decided in 1819. In the 1886 case Santa Clara County v. Southern Pacific Railroad, 118 U.S. 394, the Supreme Court recognized that corporations were recognized as persons for purposes of the Fourteenth Amendment. Some critics of corporate personhood, however, most notably author Thom Hartmann in his book "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," claim that this was an intentional misinterpretation of the case inserted into the Court record by reporter J.C. Bancroft Davis. Bancroft Davis had previously served as president of Newburgh and New York Railway Co.

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[Rattapax]

Mitt Romney name drops Adam Smith and defends Citizens United....

[1019drummer]

Thanks youtube.

[AndyRiotRed]

@kingofqwerty It's because most people can't sit down and listen to a lecture like this - we've been hardwired for soundbites and instant gratification... everything this is NOT. I'm having a hard time concentrating, but i'm trying... lol.

[murray1234567891011]

@sirdavidhasselhoff tragic when you think of some of the most popular youtube videos isn't it

[kingofqwerty]

@sirdavidhasselhoff I've noticed almost noone watches most of Chomsky's important videos. It's really sad and an indictment of the gross stupidity of modern society :(

[sirdavidhasselhoff]

410 views :(