The "non-domination principle": excessive power in the hands of a few corporations is a threat to the democratic state.

"Which role corporations ought to play in the democratic process is controversial. Some scholars hold the view that corporate involvement in politics is inherently problematic, while others consider corporate political speech to be fundamentally legitimate. We do not seek to resolve this controversy. However, we argue that the different camps ought to be able to agree on a basic principle: excessive power in the hands of one or a few corporations is a threat to the democratic state. We will refer to this as the non-domination principle since it implies that, given a commitment to preserving the democratic state, the law must not allow (a small number of) corporations to be powerful enough to exert a dominating influence on the democratic process."