- Richard Branson: Prohibition caused damage in the same way the war on drugs has done
- Branson says if one of his companies is failing, he doesn't continue with failed strategies
- U.S. has the most prisoners in the world, he says, 500,000 of them for drug violations
- Branson: We need alternatives to jail that focus on education, health, taxation, regulation
Richard Branson is the founder of Virgin Group, with global branded revenues of $21 billion, and a member of the Global Drug Commission. Sir Richard was knighted in 1999 for his services to entrepreneurship. Watch today for Branson's interview with CNN/US' Erin Burnett Out Front at 7pm ET and tomorrow (12/7) with CNN International's Connect the World program at 4pm ET
(CNN)In 1925, H. L. Mencken wrote an impassioned plea: "Prohibition has not only failed in its promises but actually created additional serious and disturbing social problems throughout society. There is not less drunkenness in the Republic but more. There is not less crime, but more. ... The cost of government is not smaller, but vastly greater. Respect for law has not increased, but diminished."