You're Wrong About

Why Didn’t Anyone Go to Prison for the Financial Crisis?

Feb 10, 2020
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Public Anger Meets Broken Enforcement

  • Public anger at corporate malfeasance is high and persistent.
  • The enforcement mechanisms that translate that anger into prosecutions have steadily broken down.
INSIGHT

Elite Deviance Explains Corporate Harm

  • 'Elite deviance' describes large-scale harms by the wealthy that often aren't illegal.
  • Many corporate practices cause more economic damage than street crime but evade criminal law.
INSIGHT

Mandates Without Funding Create Failure

  • Agencies repeatedly get more mandates but not enough funding, creating chronic failure.
  • That predictable pattern produces a 'battered agency' adaptation that punishes admitting incapacity.
Get the Snipd Podcast app to discover more snips from this episode
Get the app