white crime collar reply

As we have learned in these two chapters, the compounds behind crimes of the powerful have been inherited by influential actors who had lay foundations throughout time. A few controls the social, economic, and political capital globally. All these elements combine is what generates the power to influence. This power is not gain just with the possession of one form of capital, but the accumulation of the mentioned assets. Money, for example, is an economic capital that can be used to gain social and political capital to influence policies and politics. Big corporations used their capital to lobby for policies in favor of their particular interests. The capital of these influential corporations affects politics, and ultimately the daily lives of the less powerful. Most of these corporations depend on the actions of individuals whose participation and collaborations benefit the whole entity. Still, their actions are not geared by individual choices, but to sustain the overall capital influence of the organization. These types of capital influences, however, are prevalent nowadays, and to put in perspective how they affect every day citizens let’s remember the mega government bailouts of the banking sectors, the Enron case, and others mentioned in the book. When these big corporations failed, the penalties imposed on the actors involved are insignificant compared to the harm caused. I remember hearing the turn, “too big to fail.” These corporate bailouts are paid with taxpayer’s money, which ironically are often the victims. These wrongdoings by corporations get so little attention compared with traditional street crimes because indirectly, they don’t immediately have a direct effect on individuals. Also, let’s not forget the extent and the meaning of power, the way it operates, and how it can outplay investigations, control the media, and change negative narratives with the extensive resources that the powerful have under their control.

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