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Great Job! Broad changes at the social level, such as raising awareness of the seriousness of white collar crime, the mechanisms that encourage it, and the social conventions that contribute to its continued existence, may ultimately prove useful in limiting white collar crime. On a more practical level, various specific policy options are available to respond to white collar crime, ranging from public shaming, self-policing, and private negotiation to citizen group boycotts, civil lawsuits, administrative justice, and criminal prosecution and punishment. (Friedrichs, 2010)
Identify some specific strategies that might elevate consciousness about white collar crime.
Very Nice Job. The first step in any program for a more effective response to white collar crime calls for an elevated level of consciousness. A persistent thesis in the white collar crime literature is that the response to such crime is more limited and less severe than the response to conventional crime. This text has suggested many reasons for a more attenuated response, and it has cited some evidence for a growing recognition of the seriousness of white collar crime. The challenge is to cultivate this recognition in a way rooted more in reality than in rhetoric. (Friedrichs, 2010).
What are some recent trends in the use of civil law in response to white collar crime?
Very Nice Job. Business ethics has become a big business itself. Many publications and conferences address business ethics. Some people consider the notion of “business ethics” to be an oxymoron, rooted in the contradiction between self-interested human beings and concerns with social justice (Allinson 2008). An ongoing debate concerns business’s principal ethical obligation: Is it maximizing the financial return to owners (shareholders) or the broader social responsibility to promote society’s well-being (Economist 2005; Madsen and Shafritz 1990; Mangan 2002
Do you agree with the following statement: “Some evidence suggests that positive sanctions can help increase compliance”. Why or Why not?
Very Nice Job. Historically, corporations have lacked a formal mechanism for guiding and monitoring ethical decision making. Until recently, only a small minority of major corporations established ethics committees, ethical ombudsmen, and ethics judiciary boards (Hoffman 1989; Ross I. 1992).
Do you agree with the following statement: Community service or restitution is exclusively negative sanctions.? Why or Why not?
In response to the other forms of residual white collar crime, a structural overhaul may be needed to really correct that. As stated by other classmates, changing the political, cultural or economic structure of a country or state may be a positive thing. In America, the capitalist economy that we live in could be said to create many of the inequalities in society that become breeding grounds for white collar crime. It also seems that we are in a cyclical pattern of immense economic wealth in a fast growing economy that then leads to an economic crash and immense loss of wealth. These cycles are extremely damaging to the economy and the ethical structure of the country. If the economic system could be reformed to a more level economic growth structure some of the pressures may be relieved.( Friedrichs, 2010).
QUESTION 1: What are some of the most important specific strategies for responding to three of the following forms of residual white collar crime: state-corporate crime, finance crime, technocrime, enterprise crime, contrepreneurial crime, and avocational crime?