Economics/Class Relations

We’re in the Midst of a White-Collar Crime Wave

By Malcolm Harris, The Nation

Financial malfeasance has never been more rampant, or more under-punished.

Everywhere you look in America, crime is out of control. Whether it’s Elon Musk—the world’s richest man—cutting regulatory corners in public, professional son-in-law Jared Kushner getting a $2 billion payoff from the Saudis, hackers draining hundreds of millions of dollars out of a crypto game, or the meatpacking industry boosting profits through price gouging, the economy’s winners color outside the lines with increasing chutzpah. There’s a lot of evidence that the country is in the middle of an alarming white-collar crime wave, but, unlike street crime, the phenomenon doesn’t show up much in our political discourse. It’s time to change that.

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