reply to post by JaxonRoberts
You guys are arguing macro vs. micro.
It is absolutely terrible when a child is molested or a woman or man raped. However, each of those crimes are micro crimes in a social sense (micro as
in having a very limited effect upon society).
Corporate fraud, on the other hand, is macro: it effects very large numbers of people and has broad social implications. Bernie Madoff didn't just
rip off individuals, he ripped off institutions that held money for those individuals' retirements. Many of those people are now destitute and
old, too old to replenish what was stolen from them through either work or investment. Many of those people will die much earlier than they
otherwise would, because they can no longer afford healthcare and medicines. And while they are struggling to survive, guess who has to pick up the
tab for their much poorer, but more expensive healthcare? Taxpayers, that's who. And because that burden has been shifted, things that need doing
aren't done for lack of funds. This sort of behavior directly kills many people through immediate lack of food, shelter, and medicine, while
indirectly many many times more through social deprivations.
So on the individual scale rape and molestation are trully horrendous and terrible crimes, but fairly meaningless on a broader social scale (I'm not
being heartless or unfeeling here, just analytical), while corporate crime is significant on a much broader scale and can weaken the entire nation and
expose entire populations to much deeper, longer-lasting, and far more profound dangers whose effects can last for generations.
So I'm afraid I have to speak for much harsher penalties for corporate crime as the recidivism rate is far higher for them than sex offenders.
Corporate criminals don't change much other than the name or type of scam they run: they rarely if ever become ethical when caught, and usually
simply change corporate addresses. Personally, I favor the death penalty for major corporate crimes like Love Canal, Enron, and the CDO/CDS scams
currently perpetrated by GoldmanSachs and their ilk.