What does corporate crime, rising taxpayer distrust and the plummeting stock market all have in common?
The simple answer is: “government involvement.” Let’s just look at corporate crime. Again this past month, most business headlines have screamed with news about corporate wrongdoings. But don’t think the current volatility in the stock market is due to those headlines. Rather, the market is reacting to even scarier news the president and Congress have declared they will fix this mess with a new batch of regulations. Indeed, Congress without the benefit of much investigation into the legal facts or determining the extent and reasons behind corporate crime galloped onto the scene with their battle flags of moral outrage flying, their swords of revenge drawn. Never mind that thousands of laws businesses must abide by have been passed over the past 100 years, or that they are for the most part vague and so vast that even the most conscientious business person could not help but violate some of them. With smug self righteousness, Congress has passed even more regulations the past three mont
