White Collar Street Crime Essay - 1198 Words

White-Collar Crime or Street Crime: Which is More Costly to Society? What is crime? Merriam-Webster defines crime as â€Å"an act or the commission of an act that is forbidden or the omission of a duty that is commanded by a public law and that makes the offender liable to punishment by that law† (Merriam-Webster). There are many types of crime but the two this paper will focus on are street crime and white- collar crime. There is no definitive definition of street crime, but it is generally thought of as crime that occurs in public such as theft, robbery, car theft, arson, drug dealing, and vandalism. The term â€Å"white-collar crime† was first coined by Edwin Sutherland in 1939 in reference to crimes perpetrated by people in higher†¦show more content†¦Dr. Anderson categorized the effects of crime into four categories: 1) Crime-induced Production which accounts for resources used for purposes that would not be necessary if it weren’t for crime, su ch as correctional facilities, personal protection items, and drug trafficking. He asserted that if not for crime the resources expended on these items could have been used for purposes more beneficial to society. The estimated cost for crime-induced production was $400 billion annually; 2) Opportunity Costs which account for the productivity loss of incarcerated potential workers cost society $5,700 a year per offender or approximately $130.3 billion annually. Since crime is a full-time occupation for many, the goods and services criminals could produce is a cost to society; 3) The Value of Risks to Life and Health includes the emotional and psychological impact of being victimized or the fear of being victimized, and the value of lost life and the value of injuries. These costs were estimated to be $574 million; 4) Transfers refers to the transfer of assets from victim to criminal. Robberies were estimated to have a $775 million cost. The gross burden of crime was estimated to be $1.7 billion or $4,118 per capita (Anderson, 1999). Dr. Anderson’s study used many statistics and took into account factors that most would never realize contributed to the cost of crime, which seem to make for a veryShow MoreRelatedWhite Collar Crimes And Street Crimes1431 Words   |  6 PagesCrimes are one of the many things that all humans have in common. Whether it be a serious crime or not, everyone can commit a crime and go to jail for it. There are two types of crime that can be considered complete opposites of each other. They are white collar crimes and street crimes. White collar crimes are considered nonviolent crimes committed by a person of respectability and high social status in the course of his/her occupation such as fraud, embezzlement, or bribery. On the other hand,Read MoreStreet Crime And White Collar Crimes766 Words   |  4 Pageseconomic crimes goes up as well. Either it’s the street crimes or the white-collar crimes/corporate crimes bu t which of is a wide spread crime. Street crime and white-collar crimes affect the people negatively. You would be hurting yourself and others. Even though, street crimes are more violent then the white-collar. White collar effect you devastating you finacially and emotionally. Street crimes are more generally physical effect. White-collar crimes have financial issue and street crime have safetyRead MoreWhite Collar Crimes And Street Crimes1083 Words   |  5 PagesWhite-collar crimes are just as prevalent today as ordinary street crimes. Studies show that criminal acts committed by white-collar criminals continue to increase due to unforeseen opportunities presented in the corporate world, but these crimes are often overlooked or minimally publicized in reference to criminal acts on the street. Many street crimes are viewed as unnecessary, horrendous crimes because they are committed by lower class citizens, whereas white collar crimes are illegal acts committedRead MoreEssay abo ut White Collar Crime vs. Street Crime665 Words   |  3 PagesWhite 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 Finsterbuschs 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 bothRead MoreWhite Collar Crimes And Street Crimes4005 Words   |  17 PagesIn today’s society, both white-collar crimes such as counterfeiting and street crimes such as burglary are prevalent. Both white-collar crimes and street crimes affect society —sometimes in similar ways and in other cases, in much different ways. More often than not, white-collar crimes directly cause more financial detriment than anything else, while street crimes more often than not directly cause more physical harm. The emotional implications of both types of crime are also significant andRead MoreEssay on White-Collar Crime Vs. Street Crime1070 Words   |  5 Pageswith 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 wea ker 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 different. Lets first start off by defining each one of these types of crime. StreetRead MoreThe Nature And Organization Of Corporate Environmental Crime961 Words   |  4 Pagesthe nature and organisation of corporate environmental crime. Part II explores the offenders of corporate environmental crime. Part III determines the risk factors for corporate offending. Finally, Part IV analyses environmental regulations. I. NATURE AND ORGANISATION Corporate environmental crime constitutes an important part of white-collar crime. The notion ‘white collar crime’ was introduced by Edwin Sutherland and refers to a crime ‘committed by a person of respectability and high socialRead MorePrisoners Rights954 Words   |  4 PagesSociety Tiffany Horvath SOC 305: Crime and Society Instructor: Efua Akoma October 28, 2013 If you asked 100 random people to describe a criminal, they would describe someone uneducated, in and out of the justice system, a minority or just a basic street criminal. â€Å"National surveys suggest that when Americans think about crime, they see the face of a black jobless high-school dropout from a broken home† (Society, 2013). â€Å"Federal researchers found, for example, that many prisonersRead More The Tragedy of White-Collar Crime Essay examples932 Words   |  4 Pagesin a legitimate occupation and committing, an illegal act is a white-collar crime. â€Å"To be more concise white - collar crime is define as any illegal act, punishable by a criminal sanction, that is committed in the courses of a legitimate occupation or pursuit by a corporation or by an otherwise respectable individual of high social standing† (Conklin, 2007, Criminology, p. 69). This is not to say that all white-collar crime is committed by upper income or affluent persons. The SociologistRead MoreEssay on An Explanation of Corporate Crime856 Words   |  4 PagesAn Explanation of Corporate Crime This analytical source review will analyse and detail the views and opinions of four different sources including: The sociology of corporate crime: an obituary, Corporate Crime, Corporate Crime at the tip of the iceberg and White Collar and Corporate Crime. The topic this review will be primarily concerned with is corporate crime, the topic will be examined and the notion of ignorance towards the subject will be addressed. However