Essay about White Collar Crime vs. Street Crime
665 WordsOct 19th, 19993 Pages
White Collar Crime vs. Street Crime
One problem that plagues our society is crime. Crime is all around us in our everyday lives. Daily we hear of murders, robberies, and rapes. These are categorized as "street crimes." For many people, such crimes are the only
"tragic" crimes, the ones that are senseless and preventable. In Finsterbusch's book, Taking Sides, another variety of crime is exposed. This other form of crime is "white collar" crime. Both have victims, and the effects of both can be devastating to the individuals involved and to the community. The views of the two arguments proposed in the text do reach one common conclusion. Both street and white collar crime have severe consequences. In most instances, white…show more content…
This allows money to be justifiably funneled into the justice system. This mind set says that its acceptable for people to be murdered by unsafe working conditions, and unsafe products. In addition, its unacceptable for murder to be committed by means of a gun, knife, or weapon. As well as supporting isolation from other people, such policies cause racism and stereotyping. Police have pictures of "criminals" in their minds. These images are male people of color, ages 14-25. If you know who the criminal is, you will make a point to find him. If you think all minorities are criminals, you will find reason to arrest them without hesitation. The effects of spending all funding on street crime can be seen and felt in other government programs. As we've discussed, the US education system is in a state of crisis. Schools do not have adequate funding to educate the kids.
This is especially a problem in urban areas, where the alternative to school is life on the streets. Social services are also being eliminated, giving many no other option but to stay in poverty. Healthcare is a fantasy for many Americans, and yet our government can justify constructing massive prisons to hold all the
"deviant ones" in society. White collar crime is 90 times more costly than street crime, and yet no one seems to want to address the problem. Many of the ones who commit white collar crimes are the same ones who have the power to decide where funding goes.
Essay on White-Collar Crime Vs. Street Crime
1070 Words5 Pages
Most everyone goes home after a long day of work and watches the news. Think, what is usually reported? The weather, local activities, headline news, or daily criminal activity. Shootings, stabbings, homicides, etc. are all discussed by media anchors these days. This causes most everyone in our society to become familiar with crimes that are considered street crimes. What most people don’t hear about on the news is what is considered white-collar crime, sometimes known as corporate crime. White-collar crime not only is less reported in the media but also receives weaker punishments than street crime. This paper will first discuss the similarities between the two types of crime and then explain why their punishments are strongly…show more content…
Organizational crime is criminal actions taken by large groups such as companies, businesses, or organizations. White-collar criminals are responsible for more deaths per year than all murderers combined (Barkan, 2012). Overall, white-collar criminals are less easily detected by law enforcement than street criminals. There are, in fact, similarities between street crime and white-collar crime. Both commit criminal acts (usually in this case it involves stealing or some type of fraud) and they both commit these acts of violence when the opportunity presents itself (Barkan, 2012). But it is the differences that make these two types of crime so distinct.
The following case is one of the most famous white-collar crime cases known to date. Enron Corporation was an American energy company based out of Houston, Texas. Kenneth Lay formed Enron in 1985 after a huge merger. Over time Enron’s Chief Financial Officer (CFO) and other corporate executives misled auditors and the board of directors in major financial transactions. Thus, $11 million dollars was lost by shareholders after Enron’s stocks dramatically fell in the end of 2001. Enron was then bankrupt. In this case, many Enron executives were sentenced to prison, a rare punishment for white-collar crime. As a result of this incident, the Sarbanes- Oxley Act was enacted. This act ensured that there would be