Wednesday, May 16, 2007

Are We Being Too Tough On White Collar Criminals?

The American has a long article suggesting that we have swung from coddling them to treating them too harshly.

I disagree. A person like Charles Keating who bankrupts thousands of people is just "a white collar criminal". Slap on the wrist. A person who commits one robbery of one person does not deserve to do more jail time because his weapon was a gun as opposed to clever accounting.

Those who dismiss the seriousness of white collar criminals never discuss the victims. A "blue collar criminal" we always hear about how their acts have impacted people. Arthur Anderson, Enron employees had a rough go of it, not to say the shareholders. It is not a victimless crime. A corrupt CEO can do a lot more damage to more people than a hardened criminal.

We shouldn't forget that.