The tone of Reason’s video is a bit sour for me, but the underlying logic has some interesting points. Thinking of the “corporation” as being fundamentally a pool of citizens’ resources makes intrinsic sense. On free-speech grounds, I can’t see anything wrong with denying similar rights to corporate bodies as to citizens themselves — yet as Rehnquist’s dissenting opinion from the 1st National Bank of Boston v. Bellotti precedent said:
It does not necessarily follow that such a corporation would be entitled to all the rights of free expression enjoyed by natural persons. Although a newspaper corporation must necessarily have the liberty to endorse a political candidate in its editorial columns, it need have no greater right than any other corporation to contribute money to that candidate’s campaign.
However, issues of free speech are not what ought to be at issue with respect to the Citizens United decision. The core problem is the campaign finance restrictions which have been imposed, even on actual citizens, by McCain-Feingold and other pieces of legislation. We face campaign donation limits, and enabling corporate organization to circumvent those restrictions effectively invalidates the underlying principles that inform campaign-finance legislation. A logical extension of the unlimited political speech granted to corporate persons by the decision would be that campaign contribution limits themselves impinge on our rights as citizens to free speech. In fact, this was the approach taken by the Supreme Court during Mitch McConnell’s original challenge to the McCain-Feingold law (emphasis mine):
[McConnell et al.] argue that the justifications that adequately support regulation of express advocacy do not apply to significant quantities of speech encompassed by the electioneering communications definition. That argument fails to the extent that issue ads broadcast during the 30– and 60-day periods preceding federal primary and general elections are the functional equivalent of express advocacy. The justifications for regulating express advocacy apply equally to those ads if they have an electioneering purpose, which the vast majority do. Also rejected is plaintiffs’ argument that new FECA §316(b)(2)‘s segregated-fund requirement is underinclusive because it does not apply to print or Internet advertising. The record here reflects that corporations and unions used soft money to finance a virtual torrent of televised election-related ads during the relevant period. Congress justifiably concluded that remedial legislation was needed to stanch that flow of money. Finally, §304(f)(3)(B)(i), which excludes news items and commentary from the electioneering communications definition, is wholly consistent with First Amendment principles as applied to the media.
The concern of the Court at that time was the way in which corporate activity was circumventing the express limitations on political activity set forth by standing law. Following this decision, 527 organizations like Swift Boat Veterans for Truth took off, because they offered yet another legal way to circumvent the reforms. They, too, have since been restricted from issuing “coordinated” campaign ads.
Now, if this is the direction that courts plan to take American politics, and if the free-speech principles of the First Amendment must be construed to allow it, so be it. I don’t necessarily disagree with that interpretation; in fact, I do think political speech, even by corporations, is a critical part of any democracy. But the mish-mash of restrictions on expenditures, of both the hard and soft variety, can’t possibly be consistent with those principles; and as the Court has already upheld the limitations as constitutionally consistent, it’s by no means a pure issue even of free speech.
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