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Robert Reich and the Elimination of Corporate Criminal Liability

Corporate income tax? Out.Corporate social responsibility? Out.

Corporate criminal liability? Out.

Milton Friedman? No.

Try Robert Reich.

Yes, the liberal, Robert Reich - Bill Clinton's Secretary of Labor.

In his new book, Supercapitalism: The Transformation of Business, Democracy and Everyday Life (Knopf, 2007), Reich says corporate social responsibility is a diversion and an illusion, the corporate income tax is inefficient and inequitable, and corporate criminal liability is based on an anthropomorphic fallacy that hurts a lot of innocent people.