The Plutocracy Is Alive and Well
Let's Hear It for White Collar Crime! Every once in a while a new piece of highly credible information comes along that whacks me upside the head. A sort of shameful response is "I knew that." This is one of those once-in-a-whiles. Heads up . PROVEN: Big, well known, highly successful companies are more likely to commit "Vast corporate illegalities" than smaller or troubled companies. As an impressive research project has discovered: Big name corporations more likely to commit fraud One paragraph from the Washington State University research captures it: “Prestigious companies, those that are household names, were actually more prone to engage in financial fraud, which was very surprising,” said Jennifer Schwartz, WSU sociologist and lead author on the study. “We thought it would be companies that were struggling financially, that were nearing bankruptcy, but it was quite the opposite. It was the companies that thought they should be doing better than they w...