Money Talks: Speech, Economic Power, and the Values of by Martin H. Redish

By Martin H. Redish

Many have argued that delicate funds and unique pursuits are destroying the yankee electoral procedure. And but the clarion demand crusade finance reform purely touches at the extra basic trust that money and fiscal energy have a disastrous impression on either loose expression and American democracy. The nation's basic resources of verbal exchange, the argument is going, are more and more managed by means of sizeable company empires whose fundamental, or maybe particular reason is the maximization of revenue. And those conglomerates may still easily no longer be granted a similar constitutional safeguard as, say, someone protester.

And but neither the expenditure of cash for expressive reasons nor an underlying intent of revenue maximization detracts from the values fostered by means of such job, claims Martin H. Redish. in truth, given the fashionable financial realities that dictate that potent expression nearly calls for the expenditure of capital, any limit of such capital for expressive reasons will inevitably lessen the sum overall of accessible expression. additional, Redish the following illustrates, the underlying rationale of these who desire to limit company expression is war of words with the character of the perspectives they express.

Confronting head-on one of many sacred cows of yank reformist politics, Martin H. Redish the following once more lives as much as his recognition as one among America's most unique and counterintuitive felony minds.

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Additional resources for Money Talks: Speech, Economic Power, and the Values of Democracy

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The Baseline of Free Speech Doctrine: The Unbending Prohibition on Viewpoint Regulation If one could point to a single principle to which virtually all modern free speech decisions of the Supreme Court adhere, it would be the principle of epistemological humility. 75 The prohibition of normative viewpoint regulation represents the initial societal commitment to self-determination and to the instrumental construct of epistemological humility. Justice Holmes put it well: Persecution for the expression of opinions seems to me perfectly logical.

107 In short, the argument is that the First Amendment was designed to foster higher values than the base pursuit of personal profit. Secondly, it could be argued that speech uttered for purposes of financial gain is inherently untrustworthy, because, the speaker’s self interest will necessarily cause her to distort reality. A distinction based on the personal interest of the speaker cannot withstand close analytical scrutiny. In no other area of First Amendment construction does a speaker’s lack of objectivity or the presence of a speaker’s personal or financial interest in gaining acceptance of the 36 | Commercial Speech and Democratic Values viewpoint expressed in her expression in any way reduce the constitutional protection afforded to that expression.

104 But if one important rationale for free speech protection is the speech’s value to the listener or reader, then logically neither the motivation for the speech nor its effect on the speaker should be dispositive of its First Amendment status. Commercial Speech and Democratic Values | 35 In any event, the view of corporate expression as something other than the exercise of free will is unduly myopic, for it completely ignores the exercise of free will that enters into the formation of the corporate entity in the first place.

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