The rise of the modern corporation has brought a concentration of economic power which can compete on equal terms with the modern state - economic power versus political power, each strong in its own field. The state seeks in some aspects to regulate the corporation, while the corporation, steadily becoming more powerful, makes every effort to avoid such regulation... The future may see the economic organism, now typified by the corporation, not only on an equal plane with the state, but possibly even superseding it as the dominant form of social organization. The law of corporations, accordingly, might well be considered as a potential constitutional law for the new economic state, while business practice is increasingly assuming the aspect of economic statesmanship.
Adolf A. BerleRelated topics
aspect becoming business concentration constitutional corporation dominant effort equal field form future law might now organism organization plane power practice regulation rise see state statesmanship well whileRelated quotes
After 200 years, the constitutional protection of the right of the individual to life, liberty, and the pursuit of happiness is virtually gone. Today's current terminology describing rights reflects this sad change. It is commonplace for politicians and those desiring special privileges to refer to: black rights, Hispanic rights, handicap rights, employee rights, student rights, minority rights, women's rights, gay rights, children's rights, student rights, Asian-American rights, Jewish rights, AIDS victims' rights, poverty rights, homeless rights, etc. Unless all the terms are dropped & we recognize that only an individual has rights, the solution to the mess in which we find ourselves will not be found. The longer we lack of definition of rights, the worse the economic and social problems will be.
Ron Paul
In spite of all the foregoing, there is a science of economics, a true, and even exact, science, which reaches laws as universal as those of mathematics and mechanics. The greatest need for the development of economics as a growing body of thought and practice is an adequate appreciation of the meaning, and the limitations, of this body of accurate premises and rigorously established conclusions. It comes about in the same general way as all science, except perhaps in a higher degree, i. e., through abstraction. There are no laws regarding the content of economic behavior, but there are laws universally valid as to its form. There is an abstract rationale of all conduct which is rational at alt, and a rationale of all social relations arising through the organization of rational activity.
Frank Knight
Through the means just specified, aided perhaps by others as yet undiscovered, man has been raised to his present state. But since he attained to the rank of manhood, he has diverged into distinct races, or as they may be more appropriately called sub-species. Some of these, for instance the Negro and European, are so distinct that, if specimens had been brought to a naturalist without any further information, they would undoubtedly have been considered by him as good and true species. Nevertheless all the races agree in so many unimportant details of structure and in so many mental peculiarities, that these can be accounted for only through inheritance from a common progenitor; and a progenitor thus characterised would probably have deserved to rank as man.
Charles Darwin
we have heard as yet only the proceedings of the first day of Burr's trial, which from the favor of the Marshal and judge promises him all which can depend on them. A grand jury of two federalists, four (Tertium) Quids and ten republicans does not seem to be a fair representation of the state of Virginia. But all this will shew the original error of establishing a judiciary independant of the nation, and which, from the citadel of the law can turn it's guns on those they were meant to defend, and controul and fashion their proceedings to it's own will. I have always entertained a high opinion of the Marshal's integrity and political correctness. But, in a state where there are not more than eight Quids, how five of them should have been summoned on one jury is difficult to explain from accident.
Thomas Jefferson
It is not of special importance to me what the law says about marriage. It is of overwhelming importance, however, who it is that rules me. Today's decree says that my Ruler, and the Ruler of 320 million Americans coast-to-coast, is a majority of the nine lawyers on the Supreme Court. The opinion in these cases is the furthest extension in fact-and the furthest extension one can even imagine-of the Court's claimed power to create "liberties” that the Constitution and its Amendments neglect to mention. This practice of constitutional revision by an unelected committee of nine, always accompanied (as it is today) by extravagant praise of liberty, robs the People of the most important liberty they asserted in the Declaration of Independence and won in the Revolution of 1776: the freedom to govern themselves.
Antonin Scalia