Over at the Detroit News, Hans Bader and I explain why corporations have human rights despite not being human. The reason why? Transaction costs.
This has implications for everything from Intel’s EU antitrust battle to newspapers’ free speech rights.
Intel’s defense in its EU antitrust case has taken the surprising line that the company’s human rights were violated. Over at Real Clear Markets, CEI colleague Hans Bader and I take a closer look. We conclude that Intel actually has a pretty good argument.
Corporations have human rights because doing so greatly reduces transaction costs: “suppose your company wants to buy some computer chips from Intel. You could have each shareholder sign the sales contract - good luck finding them all -…
Intel alleges that its due process rights were violated by a massive $1.45 billion fine recently imposed as a result of a one-sided antitrust investigation that excluded evidence of its innocence. It says that a biased investigation by the European Commission violated the European Convention on Human Rights. Despite its title, the Convention protects not just humans but also “non-governmental organisations” like corporations, as its text and many court rulings confirm.
I think Intel has a strong case. But some commentators have…
If you were a tourist, would you like to come to a country where you could be tried twice for the same crime — even if you were found innocent the first time around? Not me. But the Senate will likely attach a bill that promotes such reprosecutions to the Travel Promotion Act, reports the Christian Science Monitor. Liberal Senators plan to amend the Travel Promotion Act, a bill to attract international tourists to the U.S., by combining it with a…
The Obama Administration’s Department of Homeland Security has developed new profiles of potential terrorists. Its definition of “right-wing extremism” is so ridiculously broad that you yourself may be branded as an extremist! For example, being “dedicated” to opposing “illegal immigration” is considered a hallmark of right-wing extremism by a new DHS report.
I’m a peaceful, Harvard-educated, constitutional lawyer married to an immigrant, but I am included in the list, too. That’s because I urged curbs on “federal authority in favor of…
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