Tuesday, July 31, 2007

Law and justice

When I first heard of critical legal studies in the 1970s, I was appalled. The law was a noble instrument of social organization, comity, and our shared thirst for justice. Well.

Law could still be those things, but in 21st century America it no longer is.

Hence, obviously crooked practices such as options backdating, which by definition is self-dealing, are "hard to prosecute". American business law is by and large built to take care of those at the top of the economic heap - those who can afford to pay the best lawyers to look after their interests.

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