The public be damned,” railroad magnate William Henry Vanderbilt snorted at a reporter in 1882. The impertinent scribe had asked whether Vanderbilt ran his railroads with an eye toward public benefit. At the time, Vanderbilt was among the most powerful men in American business—and by his own estimation the richest man in the world. His… Read more »
Citizens United was a bad decision; but the cry of “Corporations are not people!” isn’t helping fix the problem—in fact, it’s making it worse.