Volume 14, No 2, 2017
White Collar Crime; Downfall Of A Nation
Abdul Ghaffar Korai , Ahad Ghaffar
Abstract
Recent definitions of white-collar crime include the exploitation of a major position of power to obtain unlawful gain while harming the victim, as determined by monetary loss, physical harm, and harm to the community's moral atmosphere. The majority of analysts concur that white-collar crime has a far higher economic cost than other types of crime. White-collar crime can put workers in danger through hazardous working conditions, consumers at risk through dangerous goods, and communities at risk through pollution. Sociologists emphasize that because white-collar crime is frequently committed by persons in positions of authority who have the ability to set a good example and behave responsibly, it is especially detrimental to society. White-collar crime is supposedly not taken seriously by the public, according to government reports and professional papers, however there isn't much evidence to back up this claim. Contrarily, the majority of studies on how seriously people view crime demonstrate that people generally view white-collar crime as severe crime, particularly embezzlement and actions that cause personal death or injury. Additionally, the harm that white-collar crime does to morale and the social order has largely gone unstudied. Investigate societal alienation, which breeds a sense of irregularity and helplessness, as well as public confidence in important institutions. Data sources for white-collar law enforcement, public perceptions of white-collar crime, corporate efforts to resist regulation of their activities, and identification of victim groups are just a few of the topics that will be covered in the final discussions of issues related to measuring each type of impact.
Pages: 124-135
Keywords: Crime, justice, white color crime.