Friday, October 9, 2009
The Criminal Justice System
The text presents some compelling arguments about corporate crime, "the offenses committed by large corporations". The reasons a corporation would not adhere to legal regulations always comes down to money. Corporations, especially CEOs in an effort to keep their jobs, must have favorable bottom lines and must continue to grow profits. At what cost? With corporations having such a global reach and affecting so many people dealing with this type of crime is a very delicate situation. It seems the unsuspecting consumer, investor or low wage worker are always the ones most affected even though they were the ones most removed from the immediate issue. I'm not sure there are any solutions to corporate crime as they will always have the resources to find a way around the rules and regulations. And to date shaming a CEO hasn't proven to be an effective deterrent. Corporations, particularly the people who lead them, need to continually be held liable. But how do you do that without imposing some sort of indirect punishment on the unsuspecting consumer, investor or low wage worker? Eliminating corporate crime all together seems an insurmountable task. Directing and managing the risk seems to be the best option.
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