Conflict theory primarily argues that it is the economic system of capitalism itself that produces crime however, in order to understand the causes of corporate crime, the neoliberal framework and its utilization must be examined. Neoliberalism accords the state not to intervene or regulate the market, and in effect produces inequality but most importantly crime. Criminal acts are committed by the elites that are following the core of the neoliberal doctrine which is maximizing profits while minimizing costs. Corporate crimes are committed by executives or executive officers on behalf of corporations to further their own interests or the interest of the organizations’. These crimes can result in harming the working class which may
…show more content…
According to Marxism, the law is developed and implemented by the elites to control the working class and crime is a product of class-based inequality, the policing agencies are funded by the government which are heavily influenced by the elites therefore, conflict theory asserts that criminal law is designed to target the working class in order to protect the interests of the elites.
Conversely, unlike street crime there is a general lack of media attention with regards to corporate ‘wrongdoings’ however, in the rare instance that these cases are publicized, the media has a tendency to highlight their accidental, tragic and rare nature (Williams, 2008; pg 474) these are neutralizations, which purposely overlooking their status as crimes. Business culture from the neoliberal framework not only provides incentives to engage in illicit activites but also contains justifications that can be used to neutralize ethical restraints; this is part of the neoliberal knowledge claims. For instance, when corporate ‘wrongdoings’ do surface to the public’s attention they are quickly neutralized as accidents, isolated episodes, bad apples