khbrown (![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small} khbrown) wrote,@ 2009-07-05 19:51:00 |
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Unorthodox Economic Revenge
Two things I always remember from Sociology I / 101 were white collar crime and the inability of the punishments to match the crime when it was something which did not directly result in loss of life, but did do an awful lot of harm to an awful lot of people.
Thus Madoff earlier this week and the Rover four this:
http://www.bbc.co.uk/blogs/therepor
What is needed, IMO, is to have an ahedonic / economic calculus of deaths / suffering and then the allowance for the victims to cumulatively inflict death of a thousand cuts or similar on these people, so no one person is resposible.
Who is the greater criminal, the one who robs a bank or the one who founds one, indeed?
Certainly those bankers who manipulated leverage - http://www.bbc.co.uk/blogs/therepor
Two things I always remember from Sociology I / 101 were white collar crime and the inability of the punishments to match the crime when it was something which did not directly result in loss of life, but did do an awful lot of harm to an awful lot of people.
Thus Madoff earlier this week and the Rover four this:
http://www.bbc.co.uk/blogs/therepor
What is needed, IMO, is to have an ahedonic / economic calculus of deaths / suffering and then the allowance for the victims to cumulatively inflict death of a thousand cuts or similar on these people, so no one person is resposible.
Who is the greater criminal, the one who robs a bank or the one who founds one, indeed?
Certainly those bankers who manipulated leverage - http://www.bbc.co.uk/blogs/therepor
