February 27, 2010
Socrates knew that he did not know, but Todd Henderson knows that Roger Cohen is a moron.
Over at Truth on the Market, Prof. Todd Henderson of Chicago takes on Roger Cohen of the New York Times. In what Larry Ribstein describes as a "great post", Henderson uses the following terms and phrases to describe Cohen and his idea: "moron"; "drivel"; "faux-intellectual babble"; "absurd"; "sophistry"; "simplistic and downright silly". The focus of Prof. Henderson's ire? The statement by Cohen that: "When it comes to health it makes sense to involve government, which is accountable to the people, rather than corporations, which are accountable to shareholders." Henderson asserts that: "Shareholders are people. Who exactly does Mr. Cohen think owns our corporations? We do. The 'people' who allegedly can hold our government to account are exactly the same people who can hold our corporations to account." So, does that mean we can go ahead and amend the Constitution to replace "We the People" with "We Shareholders"?