Is Corporate Crime Simply The Way Things Are?

On By southwerkIn business ethics, Capitalism, Economic measurement, ethics

Parenti claims corporate crime is far more endemic than commonly thought. Parenti’s reporting of corporate crimes and their penalties is scathing.

2 thoughts on “Is Corporate Crime Simply The Way Things Are?”

  1. Andrew's avatar Andrew

    I think Dr. Parenti does a good job of driving the point home. This not only indicates a massive problem with the moral fiber of our nations large businesses, but it also indicates a problem with out judicial system and the way it handles these criminal acts.

    I think part of the problem is that our judicial system has really lost sight of its purpose. Its job, ideally, is to interpret the laws and be the deciding factor in many gray areas of the law that our legislators overlook. In reality, what happens is that they not only look at the law itself, but also at past (often outdated) court cases. Nowadays, something that a judge said 80 years ago in deciding a case seems to hold the same reverence as the actual law that they are suppose to be interpreting. I think this is part of the reason why these corporations are able to get off light. When company A gets lucky and is only fined a small amount for a corporate crime, it opens the flood gates for corporate lawyers representing companies B, C, D, E, and F to look at their judge and say “but THEY only got off with a slap on the wrist!”

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