How should we respond to the wave of scandals that have hit corporate America? Everyone in Washington seems to agree on the answer: more law. In particular, more criminal law. But it won't work. We have gone down this path many times before, and if experience is any guide, new criminal laws are as likely to make things worse as to make them better. The reason is both simple and all too easily ignored: Criminal laws lead people to focus on what is legal instead of what is right.
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