Corporation: An ingenious device for obtaining individual profit without individual responsibility.
—Ambrose Bierce: “The Devil’s Dictionary”
It used to be that if I started a business making toys (for example), and my toys hurt children, I could personally be held responsible for damages that my business did. Eventually, laws changed that made the business separate from the owner (if the owner took the legal steps necessary to do this), so that if my toy hurt your kid, you could sue the pants off of my toy biz, but my personal wealth was left out of it – that’s what led to a company becoming a “person” (a separate entity from me, the business owner and toymaker).
Now that the corporation (from the same root as “corporal” or “corpse” – a body/entity) was an entity unto itself (when you “incorporate,” that’s what happens), it was somehow endowed with “personhood” for some things like filing taxes. For example, my toy business would be responsible for corporate taxes and I would be responsible for taxes on the salary I drew from the toy biz, instead of the toy profits being entirely counted as my own personal income. (To contrast, if I start a little toy business and I have not incorporated, I claim all the toy biz costs and profits on my personal income tax, which is much simpler, but I also can be destroyed personally by a lawsuit against the biz, too.)
The Supremes, however, ruled that as an “entity” (or “person”) unto itself, though, that the corporation has freedom of speech just like I do, and can donate all it wants to candidates or other organizations that have “Laureth’s Toys” best interests at heart. Corporations have a lot of interests: making a profit chief among them, but also things like “escaping responsibility for lawsuits” or “not being held accountable for pollution” or “not getting sued for unfair labor practices” are also among those interests, because they harm the ability of my toy biz to make a profit. What a corporation notably lacks, though, are personal qualities such as responsibility, conscience, guilt, and others that actual people actually have. Unless I’ve built my marketing campaign around things like “social responsibility” or “eco-something,” chances are slim that the corporation cares what it puts in the sewer (or in the paint on the toys) as long as it makes a profit, and the ability to bring a lawsuit for damages against the corporation is limited.
By stripping this legal “personhood” from my toy business, though, it sort of puts it back where it belongs, as a profit-making endeavor of my own, rather than as something with the right to act as a completely amoral person. Does this make sense?