By Yujing Fun
Hong Kong's anti-corruption organisation, ICAC, is hailed as one of the world's top having nearly thoroughly purged systemic corruption inside of a decade of its inception. This ebook explains how Hong Kong continues the parable of a fresh urban and examines the superiority of white collar crime within the city's estate sector.
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Extra info for Cloaking White-Collar Crime in Hong Kong’s Property Sector
Approaching it from a more sympathetic angle, Caldwell notes that he does not believe that the concept is meaningless, but neither does he believe it belongs in criminology. 28 That is, research on the behaviors that constitute what white-collar criminologists consider crime should not be undertaken as an aspect of the field of criminology, where confusion would undoubtedly be rife. ’29 To support this conclusion, Caldwell highlights the two problems that the concept of white-collar crime brings up: one moral and the other scientific.
92 To further her argument, Gelinas uses the case of Enron to demonstrate how situations were misinterpreted and how government intervention and political meddling are unnecessary despite what happened. Her defense of Enron is that while it is true the company may have used the oldest scam in the book by overvaluing its assets and undervaluing its liabilities, it could really just as easily have been an honest mistake. To Gelinas, the fact is that Enron may have been less a cheat and more just a company that managed to foul up their numbers because their assets were extremely difficult to value with any accuracy.
Because of this, there is a serious need to reconsider this tainted discourse – and, certainly, a backlash of legal and political proportions is called for, as there is a clear and present danger for society to deem the necessary and complex proceedings of enterprise as criminal – especially if this call for criminalization comes from sociology, a discipline so clearly out of touch with legal, economic, and political realities. Politics and the crime du jour: unveiling the white-collar rationale Because of sociology’s biased call for the criminalization of normal business practices, it is clear the political and legal consequences that have extended from that academic discourse require serious reconsideration.
Cloaking White-Collar Crime in Hong Kong’s Property Sector by Yujing Fun