Editorial: How Will the Citizens United Decision Affect Sustainable Business?
Posted: January 26th, 2010 | Author: Steve | Filed under: Business, Capitalism | Comments
“The conceit that corporations must be treated identically to natural persons in the political sphere is not only inaccurate but also inadequate to justify the Court’s disposition of this case.” – Minority Opinion by Supreme Court Justices Ginsburg, Breyer and Sotomayor.
News outlets and the blogosphere are abuzz with reactions to Thursday’s Supreme Court decision that will allow corporations to fund political campaigns. The ruling, which overturns decades of legal precedent and legislation limiting the ability of corporations to influence the outcome of elections, may have broad implications for the political process in the U.S. News of the decision has drawn criticism from both the right and the left, many voicing the opinion that dramatically increased rights for corporations will significantly diminish the ability for individual citizens to have their voices heard.
In his weekly address, President Obama said, “I can’t think of anything more devastating to the public interest,” he said. “The last thing we need to do is hand more influence to the lobbyists in Washington or more power to the special interests to tip the outcome of elections.” Congressman Alan Grayson (FL) has already introduced legislation to combat the policy change. His “Save Our Democracy” Reform Package contains several strong measures, including a 500% excise tax on corporate contributions to political committees, and on corporate expenditures on political advocacy campaigns.
Although some claim that this most recent ruling will have only a limited effect on the political process, the decision certainly re-confirms the doctrine of granting constitutional rights, originally reserved for flesh-and-blood U.S. citizens, to corporate entities, which have held the dubious status of “legal persons” with rights since 1886, when another Supreme Court decision accorded it to them. This unexpected action by the Court re-opens the debate about about the wisdom of affording corporations such rights, and what effects this all has for sustainable business.
Ford Motor Company may not be the first name that comes to mind when you think about large corporations that are committed to sustainability. After all, the company is one of the oldest and largest industrial corporations around, and produces many of the large SUVs and trucks that are at the center of the current climate controversy. So it may be surprising for some to learn that the company actually has a very extensive sustainability strategy in the works.
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