How much does corporate *wrongdoing*, a value judgment, overlap with corporate *crime*, an actual violation of the law? My suspicion is +
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+ A great deal of what many people consider corporate wrongdoing is in fact perfectly legal, protected and often even incentivized by law. +
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+ And I mention that not to defend corporate wrongdoing, but to indict the law. +
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+ And if this is the case, then criminal law is really the wrong tool for regulating the economy, better achieved by administrative law. +
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+ Instead of banging on about the need for more criminal prosecution of corporate criminals, espesh bankers, we need to think BIGGER: +
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+ The real way to build an equitable economy is not by criminal prosecution but restructuring markets and a strengthened regulatory state. +
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The notion that criminal law can bring economic justice is just a pipsqueak progressive imitation of the standard U.S. authoritarian line.
End of conversation
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