RT Article
T1 Alternatives to high-risk securities fraud control: proposing structural transformation in an age of financial expansionism and unsustainable global capital
JF Crime, law and social change
VO 66
IS 2
SP 131
OP 145
A1 Barak, Gregg 1948-
LA English
YR 2016
UL https://krimdok.uni-tuebingen.de/Record/1853786675
AB This article is not about controlling high-risk securities frauds through improved identification and enhanced enforcement of existing (or new) administrative, civil, and/or criminal laws. Instead, it is about demonstrating the futility of these strategies and revealing the structural necessities for developing other strategies of social control. It proceeds by locating financial global capital within the world economy as a means of familiarizing discussions of crime control with the laws of capitalist development. To advance the argument for alternative policies, it first describes the contradictory forces of free-market capitalism as well as the failures of securities law to deter Wall Street like financial frauds, and then it appraises the inefficacies and non-controls of state-legal interventions into high-stakes financial frauds. Ultimately, within the framework of building a globally sustainable ecosystem, a number of policy prescriptions are presented. Collectively, these policies revolve around the redistributions of social, political, and economic power as a plan for avoiding future securities trading catastrophes caused primarily by the concentrations of global capital.
NO Literaturverzeichnis: Seite 144-145
K1 Credit Default Swap
K1 Crime Control
K1 Financial Service Industry
K1 Human Trafficking
K1 Joint Criminal Enterprise
DO 10.1007/s10611-016-9615-9