Trust Busting Citizens United

1 post / 0 new

Great. Just what we need. Another thread on Citizens United.

Here's another thought.

In the 19th Century large business interests were known as trusts. Stop right there. That's all I know about the topic. I don't know if a trust was the same thing as a corporation, or if a trust required two or more corporations to combine (what we might know today as consolidated corporations, or maybe parent and subsidiary corporations.) I don't think the details are important.

What I do think is important, or rather, what I wonder might be important, is the analysis of what a trust might be. Is a trust an association of persons? Why or why not? My understanding of a trust is that there is a trustee, who acts to protect the assets entrusted to him. There is a certain top-down authority associated with the idea of a trustee. It doesn't sound like this wonderful petri dish where all these actors come together and freely contract to provide capital and labor and sales and purchases and rents so it's all one big small-d democratic convention (which is the foundation of the analysis of Citizens United.)

Isn't the CEO really a trustee of the trust that is the corporation? (Or perhaps the Board of Directors act as a group of trustees?)

chilidog
Joined:
Jul. 31, 2007 4:01 pm

Latest Headlines

Who rejected United States-North Korea peace talks?

There were conflicting reports on Sunday regarding a recent proposal for United States-North Korea peace talks which was allegedly made before North Korea"s recent nuclear test

U.K. Pound Falls As Markets Get Brexit Jitters

Bloomberg said on Monday the pound had sustained its biggest fall against the dollar in 11 months

Clinton: I'll defend Israel but push for 'two-state solution

Hillary Clinton believes both Republican candidates Donald Trump and Ted Cruz "missed the mark" with their approach to the Israel-Palestinian Arab conflict

Why The Dying of the Coral Reefs Brings Planetary Instability

The Great Barrier Reef is one of the great natural wonders of the world.

Stretching for over 1,400 miles off the coast of Australia, it’s visible from space and is considered the largest single organic structure on the planet.

Powered by Pressflow, an open source content management system