Corporate crime is (is not) like burglary.
Corporate crime is like burglary. Both crimes are about the taking of property to satisfy personal greed. Both types of crime involve using stealth to avoid attracting attention during the commission of the crime. Both often involve the use of deception to make the criminal activity appear legitimate to an observer. Both crimes often involve abusing a position of trust, such as accountant, or maid. Corporate crime and burglary differ in the details of how the crime is committed, but the essence is the same: theft. The essential difference between the crimes is that of scale. Burglary affects one victim at a time, on a limited scale. Corporate crime almost always involves numerous victims at a time, and a significantly higher property value than burglary does. Corporate crime is also much harder for prosecutors to prosecute than burglary. It is less well-defined than burglary, as corporate regulations can be complicated and ambiguous. There are also many opportunities for corporate criminals to engage in quasi-legal crimes by moving their illegal activities to jurisdictions with liberal laws or corrupt governments that can be easily bribed. In spite of the differences, corporate crime and burglary are usually more similar than different.
Corporate criminals and burglars usually commit their crimes for personal gain at the expense of others. Falsifying income reports in order to make a stock more attractive to investors and artificially inflate its value deprives the investors of money, just as picking the locks on their houses and stealing jewelry does. The theft does not appear as obvious or direct to the casual observer, but the value of an artificially inflated stock will eventually drop, resulting in losses for all investors. The type of person who would steal a television from a home and sell it on the black market is the same type of person who, given a different background and education would hire illegal immigrants for less than minimum wage in order to save money and increase profits. Burglars use stealth to avoid detection. Skilled burglars usually have a multitude...
In rare cases, white collar crime does lead to death. For example, a company that covers up flaws in its research design and hurries a pharmaceutical product to market knowingly endangers lives. Automobile and toy manufacturers, food producers, biochemists, and farmers are all potentially guilty of white collar crimes that can actually hurt people. With the tremendous amount of political power backing up major corporations, governmental regulations are relatively
Throughout most of the 20th Century, organized crime accounted for a tremendous economic costs passed along to consumers, particularly (but hardly exclusively) in large cities like New York, and Chicago, among many others. Originally formed in this country during the Prohibition years in the 1920s, the criminal enterprises that exploited the black market for illegal liquor subsequently branched out to infiltrate other large industries, such as construction, food and liquor
875). Often success introduces complacency, rigidity, and over confidence that eventually erode a firm's capability and product relevance. Arie de Geus (1997) identified four main traits for a successful firm; the first is the ability to change with a changing environment (Lovas & Ghoshal, 2000, p.875). A successful firm is capable of creating community vision, purpose, and personality, and it is able to develop and maintain working relationships. Lastly, a
Dark Figure of Crime The amount of crime in society gets known when it is reported to the police, through public response to victim surveys and studies of offenders who admit committing crime, and when transmitted to other agencies, such as hospital accident wards, battered women's refuge centers and similar ones (Young 2001). Other than these, the amount of crime committed is unknown. That unknown volume (of crime) that does not
Therefore, one must be both committed to the law, as well as to individual freedom, and this would be in keeping with the trends as dictated by a democratic country such as the United States of America. It must be stated that in the Post Cold War world, crimes such as terrorism, narcotics drugs trafficking, money laundering, and so on, are all considered to be serious threats to the very
United States has the highest rate of confinement of prisoners per 100,000 population than any other Western country. Analyze this phenomena and discuss actions that you feel are necessary to combat this problem. The United States currently has the highest incarceration rate of any nation worldwide. For example, greater than 60% of nations have incarceration rates below 150 per 100,000 people (Walmsley, 2003). The United States makes up just about
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