corporate crime

Question 1

scale of corporate crime

Answer 1

• more harmful than ordinary crimes such as theft
• large costs, e.g. physical deaths, environment pollution
• greater threat than WC crime as it undermines society by promoting cynicism

Question 2

types of corporate crime

Answer 2

• financial crimes - tax evasion
• crimes against consumers - false labelling
• crimes against environment - illegal pollution through toxic waste dumping
• state-corporate crime - gov. and businesses cooperate to pursue goals

Question 3

invisibility of corporate crime

Answer 3

• the media - labelled as technical infringements rather than crimes
• no political will - politicians more focused on street crime
• under-reporting - individuals unaware they are victims, e.g. tricked into buying wrong mortgage