Executing Corporations

[drplokta]

Theres a meme going round "I'll believe that corporations are people when Texas executes one". But Texas "executes" hundreds or thousands of corporations per year, most famously Enron. Bankruptcy is the exact equivalent of execution for corporations -- it's the state exerting its power and causing the corporation to cease to exist. So I guess that corporations are people.

Comments

[voidampersand.livejournal.com]

Actually, bankruptcy for corporations is the exact equivalent of bankruptcy for individuals. People don't get executed for their debts.

There is no exact equivalent to execution for corporations. The closest is anti-trust. But the breakup of AT&T did not convince me that AT&T is a person.