38 CITIZENS UNITED v. FEDERAL ELECTION COMM’N Opinion of STEVENS, J. (1819) (Marshall, C. J.) (“A corporation is an artificial being, invisible, intangible, and existing only in contem­ plation of law. Being the mere creature of law, it pos­ sesses only those properties which the charter of its crea­ tion confers upon it”); Eule, Promoting Speaker Diversity: Austin and Metro Broadcasting, 1990 S. Ct. Rev. 105, 129 (“The framers of the First Amendment could scarcely have anticipated its application to the corporation form. That, of course, ought not to be dispositive. What is compelling, however, is an understanding of who was supposed to be the beneficiary of the free speech guaranty—the individ­ ual”). In light of these background practices and under­ standings, it seems to me implausible that the Framers believed “the freedom of speech” would extend equally to all corporate speakers, much less that it would preclude legislatures from taking limited measures to guard against corporate capture of elections. The Court observes that the Framers drew on diverse intellectual sources, communicated through newspapers, and aimed to provide greater freedom of speech than had existed in England. Ante, at 37. From these (accurate) observations, the Court concludes that “[t]he First Amendment was certainly not understood to condone the suppression of political speech in society’s most salient media.” Ibid. This conclusion is far from certain, given that many historians believe the Framers were focused on prior restraints on publication and did not understand the First Amendment to “prevent the subsequent punishment of such [publications] as may be deemed contrary to the public welfare.” Near v. Minnesota ex rel. Olson, 283 U. S. 697, 714 (1931). Yet, even if the majority’s conclusion were correct, it would tell us only that the First Amend­ ment was understood to protect political speech in certain media. It would tell us little about whether the Amend­ ment was understood to protect general treasury election­ eering expenditures by corporations, and to what extent.

Select target paragraph3