SOC 3490 Lecture Notes - Lecture 2: White-Collar Crime, Corporate Crime, Profit Motive
29 Jan 2017
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Lecture 2 class and the law: white collar crime part 1. Capitalism = is profit motive the key: marxism talked about this, great motivating factor as to why we have white collar crime. How we react to elites who break the law: even though there is criminal nature happening, they use fancy words when in relation to elites. Fraud, embezzlement: do not typically think of businesses as the standard criminal. Laws are either eliminated or changed: e. g. , subprime housing prices crisis in the u. s. mortgage companies would easily give out mortgages to people that could not afford them. Does not have the same ramifications as street crime. Offenders are trusted: trust and respectability in corporations, e. g. , do not think you are going to die when you get into a plane because you trust them, batteries exploding in certain laptops, airbags not deploying in accidents. Who are the victims: hard to win cases against corporations.
