Responsible for financial crisis

Assignment Help Other Subject
Reference no: EM133301294

Please use one or more criminological theories to explain why the Wortropolis police never investigated or apprehended the white-collar offenders responsible for the economic recession and why the rate of white-collar offending remained low throughout this sixty-year period? Also explain why, by 2020, the arrest rate for racial minority people was three times higher than the rate for White people.

Scenario

Wortropolis is a large city with a population of approximately one million people. Between 1960 and 1990 the city thrived. It had a strong economy based on large-scale manufacturing. During this period the unemployment rate was only 3% and the majority of residents owned their home. However, in 1990 the City was hit by a series of corporate frauds and illegal investment practices that caused the banking sector to collapse. As a result, many factories closed their doors and moved operations overseas. The unemployment rate subsequently rose from 3% in 1990 to 20% by 2000. Many residents lost their homes through foreclosure. Furthermore, as a result of the economic recession, the city was hit with problems of increased poverty and social inequality, decreased spending on recreational programs, increased divorce, increased high school drop-out rates and a rise in unwed, teenage pregnancy. Furthermore, due to an increased demand for social welfare programs and public housing, the local government had to dramatically reduce the size of its police force from 3,000 officers in 1990 to only 2,000 officers by 2000.

Between 1990 and 2010 the city's violent crime rate jumped from 5 per 100,000 to 50 per 100,000. Similarly, the property crime rate increased from 100 per 100,000 to 400 per 100,000. As a result of this increase in crime, the number of inmates in local prisons tripled. Fortunately, in 2005, a big computer software developer decided to establish its global headquarters in Wortropolis. As a result, many well-educated people from across the country moved to the city to take up high paying jobs in the technology sector. Furthermore, in 2008, a major developer decided to build an amusement park in the city and many new jobs were created in the tourism industry. The creation of jobs in both the computer and tourism industries also led to the construction of several new hotels, restaurants, nightclubs, retail stores and a casino -- which revitalized the downtown core. As employment and the tax base increased, the City was able to hire more police officers (3,500 by 2010).

It should be noted however, that not all Metropolis residents benefited from this new economic prosperity. Many of the highest paying jobs went to newcomers to the City who had been lured by the recently established businesses. Many of the permanent residents simply did not have the education needed to establish high-paying careers within the new economy. As a result, although the unemployment rate dropped to 10% by 2015, it was still three times higher than before the recession hit. Furthermore, most of the permanent residents of Wortropolis could only find low-paying, part-time jobs in the service sector. It should also be noted that the city's Black and Indigenous residents did not benefit from the economic recovery to the same extent as its White residents. As a result, both social and racial inequality in the city actually increased between 2005 and 2020.

By 2020, the violent crime rate dropped slightly to 40 violent offences per 100,000. However, property crime did not decline at all and there was an explosion of arrests for loitering, prostitution, drug possession, and drug-trafficking between 2010 and 2020. By 2015 the police had also established a special task force to deal with the growing problems with guns and gangs in the City's poorest neighbourhoods. However, aggressive policing tactics within poor communities produced allegations of racial profiling, police brutality and racially biased policing. Trust in the police is now extremely low among the racial minority residents of Wortropolis and the city has experienced multiple demonstrations and incidents of public unrest. Racial minority residents of Metropolis are three times more likely to be arrested and incarcerated than their White counterparts.

Interestingly, throughout this 60-year period (from 1960 to 2020), the number of arrests for white-collar and corporate crimes remained very low (only 1 white collar crime per 100,000 throughout the study period). Furthermore, those responsible for the financial crisis that plunged Wortropolis into economic recession were never investigated, apprehended or prosecuted for their crimes.

Reference no: EM133301294

Questions Cloud

Create a safe working environment : Explain how the automation of aircraft in ‘new generation' systems can create preconditions for unsafe acts
White collar crime often considered more threatening : Why is white collar crime often considered more threatening/dangerous to American society than "street crimes" (e.g., robbery, assault, car theft)?
What do you take johnson central research question to be : Read Ayana Elizabeth Johnson's 2020 essay, "To Save the Climate, Look to the Oceans," on theysayiblog.com in light of the techniques addressed in this chapter
Solve the mystery in the narrative : Were you able to solve the mystery in the narrative? What character was most interesting to you and why?
Responsible for financial crisis : Those responsible for the financial crisis that plunged Wortropolis into economic recession were never investigated, apprehended or prosecuted for their crimes.
Which people are being monitored almost everyone : A carceral society is one in which people are being monitored almost everyone, including from GPS devices, and phones.
How to identify errors and discrepancies : N5E06 Construction Information (Drawing, Detailing, Specification) - Level 5 Higher National Diploma - What is drawings? What types of drawing to be included
Has the article changed your mind about communication : Has the article changed your mind about something about intercultural communication?Do you agree with the author's conclusion about the topic
Legitimacy in police force enable effective crime-fighting : Does legitimacy in the police force enable effective crime-fighting? Why are you interested in a career in law enforcement?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd