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The Golden Age of White Collar Crime

Discussion in 'The Political World' started by Stevicus, Feb 13, 2020.

  1. Stevicus

    Stevicus Veteran Member
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    I came across a rather interesting, in-depth article about the corruption and moral rot at the elite levels in society: We're In A Golden Age Of White Collar Crime

    The people aren't unaware of this, as the article notes:

    As the article mentions, corporate criminality is rather widespread, and it appears the only solution is a tougher crackdown:

    I'll probably have more to say later on when I have time, but I thought the points raised in this article might be an interesting topic of discussion.
     
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  2. Howard Is

    Howard Is Lucky Mud

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    I remember a statistic from Australia a few decades ago...white collar workers committed 90% of crimes that can result in a prison sentence, but only made up 10% of the prison population.
     
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  3. Nowhere Man

    Nowhere Man Bompu Zen Man with a little bit of Bushido.

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    That's because in reality there are two sets of laws. One for the rich and one for the rest.
     
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  4. Howard Is

    Howard Is Lucky Mud

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    Indeed. Privilege. From the Latin - ‘private law’
     
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  5. Estro Felino

    Estro Felino Believer in free will
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    The Law is supposed to be equal for all.
    In any Italian courtroom the sentence "the law is equal for all" is in big letters...
    But ....not always.
     
    #5 Estro Felino, Feb 13, 2020
    Last edited: Feb 13, 2020
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  6. joe1776

    joe1776 Well-Known Member

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    In the past couple of decades the media has been reporting far more cases involving child and spousal abuse than it did say 100 years ago. That is not because child and spousal abuse are increasing. That is because, in 1920, those cases were not reported as crimes. They weren't reported because they weren't punished. In that era, the law supported the notion that "a man's home is his castle." The king could get away with anything short of murder.

    There is probably less fraud per-person now than at anytime in our history. It just doesn't seem so because of population growth, better investigative methods and better reporting by the media.

    This is not to say that fraud isn't a major problem. It always has been and always will be in a competitive economy because cheaters win if they can get away with it.
     
    #6 joe1776, Feb 13, 2020
    Last edited: Feb 13, 2020
  7. sun rise

    sun rise "Let there be peace and love among all"
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    We agree on that point.
     
  8. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    It is absolutely amazing the difference in results between having a public defender and being able to afford even a cheap lawyer.
     
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  9. Stevicus

    Stevicus Veteran Member
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    That's what it's supposed to be in America. "Equal rights before the law" is the slogan commonly used here.
     
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  10. Stevicus

    Stevicus Veteran Member
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    I don't know the stats on this or whether child and spousal abuse were even considered crimes back then. If they were not in the statutes or considered crimes, then they obviously wouldn't be reported as crimes.

    But crimes like stealing, embezzlement, bribery, tax evasion, fraud - these were always considered crimes.

    So, I don't think your analogy here works, unless there is a disparity between rich and poor in terms of arrests/convictions of spousal or child abuse.

    We're not talking about "per person," but about the crimes of the ultra-wealthy.

    An excerpt from the article:

    In my opinion, they are encouraged and enabled to do so by Americans' blind devotion to a certain ideology which is predominant in the U.S. and other countries.
     
  11. Shad

    Shad Veteran Member

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    A lot of white collar crimes are non-violent and grounded in the corporation, legal entity, which has liability not the owners/shareholders. Prison reform thus reduction of prison population focuses on non-violent crimes first. Ergo a lot of white collar criminals are released. For the corporation often the company is charged not a person thus a person can not serve time when it is a corporate crime. This is why corporations are fined or lose a license instead of having the whole corporate board landing in jail. Toss in direct harm becomes hard to prove as damage to people can take years to build up and/or become known in the case of chemical dumping. Murdering someone has a direct victim. Direct harm is easier to prove than projected (estimated) harm
     
  12. Mock Turtle

    Mock Turtle Compassion, understanding, and tolerance.
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    Often the quickest path from ignorance to arrogance
    Here's a chappie who has the right idea:

    Thomas Piketty: “There will be another economic crash”

    As part of what he calls “participatory socialism”, Piketty advocates policies including income and property tax rates of up to 90 per cent, a public inheritance of €120,000 (£102,000) for every 25-year-old, and a cap of 10 per cent on shareholder voting power. In the postwar Keynesian era, Piketty writes, when the US and the UK levied tax rates of up to 98 per cent, economic growth was higher and income inequality lower. Are such policies feasible in an age of globalisation and hypermobile capital? Piketty’s response was to reject the status quo. “Well, that’s a choice, whether we organise capital controls or not. Some governments, including in the US and the UK, propose to control the movement of people, to control immigration. I prefer to control capital than to control people.” He added: “The view that you can make a fortune in a country by using the public education system and the public infrastructure, and then you have a sacralised right to click a button and transfer the wealth somewhere else, and nobody can track you down, there is nothing natural in this process. It’s a very sophisticated legal system that made this possible.”
     
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