CC205 Lecture Notes - Lecture 2: Video Poker, Online Gambling, Protection Racket
Document Summary
Organized crime is a multi-billion dollar global enterprise. Often referred to as the underground economy or the black market . Estimates that illicit trade represents 7-10% (remember 10%) of the global economy. The #1 illicit good is counterfeit pharmaceutical drugs. Globalization and rapid advances in technology have contributed to the expansion and internationalization of organized crime activities. This really changed the nature of organized crime. The charbonneau commission (the quebec corruption inquiry) mandates requires it to explore. Looking at the corruption of quebec"s construction industry, organized crime links. The most powerful groups have political protection to protect them from the law. As any business, the better organized the more successful. As such, in its simplest form, oc is basically a business enterprise. When there is money to be made, whether the activity is right or wrong, oc will most likely take part. Affect the taxes you pay (tax revenue losses from contraband tobacco and alcohol)
