B From the sound of the phrase, an ordinary reader would assume that black market is a place for the exchange of merchandise. In fact, black market refers to economic activities involving illegal transactions of goods and services. The goods and services involved or found in the black market may be genuine and legal in nature, but the process of transacting may make the whole process illegal. The activity of transacting illegal business bears the name “black” because it involves dark practices that always dodge the legal environments. According to Bahmani-Oskooee & Goswami (2005), the process is usually secrete and concealed from the legal officials who otherwise would have known about the transactions if they were legal. Although security officers and intelligence authorities have been striving to stop the practice, there is no sign that black market trade will come to an end any time soon. People who oppose black market trade cite reasons that include a number of well-observed facts. For example, the trade endangers the lives of consumers; moreover, it leads to the loss of taxes. In addition, it negatively affects legal business systems; it increases criminal activities and it violates cross-border trades. It is clear that black market trade is a serious economic issue and since it is unlikely to end , it is important to inform readers of its positive and negative points. Even though the phrase black market sounds enigmatic and undesirable in the current economic conditions, global economists attribute particular advantages to black market trade. Among the alleged advantages of black market trade are facts such as the following: the practice helps improve the circulation of money in the economies, it creates employment opportun... ... middle of paper ... ...sive, unaffordable yet basic commodities, spurring economic growth and supporting the legal economy. This is a critical provision as it fosters the aspects of trade in the world. It is also important to agree that this transaction in almost every tradable commodity and services both genuine and counterfeit supports the dealings shown in black market trade. According to Bahmani-Oskooee & Goswami (2005), the supporters of black market cite many reasons for its embracement. The fact that the trade involves transaction in almost every tradable commodity and services both genuine and counterfeit makes it very difficult to curb. This is demonstrated explicitly by the supporters of black market who cite numerous reasons for its existence. The economic support, employment creation, money circulation, and many others have anchored this trade within various world economies.
Concerned authorities have focused essentially on criminalization and punishment, to find remedies to the ever-increasing prevalent drug problem. In the name of drug reducing policies, authorities endorse more corrective and expensive drug control methods and officials approve stricter new drug war policies, violating numerous human rights. Regardless of or perhaps because of these efforts, UN agencies estimate the annual revenue generated by the illegal drug industry at $US400 billion, or the equivalent of roughly eight per cent of total international trade (Riley 1998). This trade has increased organized/unorganized crime, corrupted authorities and police officials, raised violence, disrupted economic markets, increased risk of diseases an...
The rise of Enron took ten years, and the fall only took twenty days. Enron’s fall cost its investors $35,948,344,993.501, and forced the government to intervene by passing the Sarbanes-Oxley Act (SOX) 2 in 2002. SOX was put in place as a safeguard against fraud by making executives personally responsible for any fraudulent activity, as well as making audits and financial checks more frequent and rigorous. As a result, SOX allows investors to feel more at ease, knowing that it is highly unlikely something like the Enron scandal will occur again. SOX is a protective act that is greatly beneficial to corporate America and to its investors.
Today there are many controversial subjects discussed throughout the media. One of the most discussed is race and the Black Lives Matter movement. Recently, I came across an article titled “The Truth of ‘Black Lives Matter’”, written by The Editorial Board. The article was published on September 3, 2015, to the New York Times. In the article, The Editorial Board writes about what they believe African Americans are facing as challenges in society today, including the all-too-common police killings of unarmed African-Americans across the country. The Editorial Board is right that some African Americans have been treated unfairly, but all ethnicities have been. Life is a precious thing that comprises all ethnicities. This brings us to ask; why
Furthermore, the existence of racism has black people own reasons. For instance, many black people 's own performance for government provides ammunition for its policy of racial discrimination. As a results, for a long time, many black people because they can not get equal education opportunities, they without work, and some of them tend to engage in brutal drug deals, in their own way to imitate the entrepreneurial spirit of capitalism. Thus, in the black community, predatory crimes can happen all the time. Racist people called black people as “drug parasitize the unemployed”. Also, they think that the black people were lack of moral, polite, and conscience bloodthirsty warmonger. It seems that the government’s decision-makers makes a strong policy, and it is disadvantageous for black
Debra Satz, in “Why Some Things Should Not Be for Sale”, argues for a more complex approach in market regulation, as some markets are more problematic than others. While economists tend to evaluate exchanges based only on proficiency (Satz 2010, p2), Satz considers the social context of individual practices in market relationships. In Staz proposed theory, there are four parameters of a market that can make it “noxious”. Noxious in this case meaning the effect of the market causes harmful consequences on society or persons involved. First, some markets may be reliant on the vulnerability of one party to trade. Second, some markets may have exceedingly bad consequences, in terms of welfare or status, for persons involved. Third, some markets may be one-sidedness because of insufficient information, knowledge, or ability to understand or forecast the consequences of an arrangement. Fourth, some markets may have bad consequences for society at large when they reinforce discrimination or inequality of status. For example markets that are considered noxious due to one or more parameters being present in their sale are child labor, prostitution and kidney exchange.
...lid “Prohibition: What If?”) The lasting repercussions of organized crime still endure in America today. Although, alcohol is very much legal once again, organized crime now lies in the hands of drug lords who smuggle various types of illicit drugs into the United States every day.
The practice of trading and bartering of commodities has been around since the beginning of time. The concept of commodity chains was developed by Terence Hopkins and Immanuel Wallerstein in an attempt to understand the spread of capitalism and economic change. (Bair & Werner, 2011) The emergence of capitalism has brought about an anthropogenic phenomenon know as globalization as a means to create profit and in doing so altered competitive dynamics (Gereffi 1999). Globalisation of economies has lead to the construction of chains of production, distribution and consumption transcending borders across the world. Gereffi (1994) identified these chains as Global Commodity Chains, using them as a method to analyze the global economy.
Gangs are very unsafe to every person in society. “Gangs are groups of people (mostly young males) who band together for security and a sense of belonging. The U.S. Department of Justice officially defines a youth gang as a group of young people involved in criminal activity”. There are about one million gang members in more than 20,000 criminally active gangs in the United States. Also, that group of about one million people is accountable for up to eighty percent of our nation’s crimes. Since 2005, gangs have nationally added about 200,000 members. This is why more action from the community needs to be taken to help with the growing gang-related crimes here in America.
Reuter, Peter. The Organization of Illegal Markets: An Economic Analysis. Washington, D.C.: Government Printing Office, 1985.
From Europe and Africa to the end of Asia and the regions beyond the ocean known as America , " Dark Arts " have become so notorious and frightening, that the mere mention is able to sow the fear and panic to its defenceless victims. Modern man reacts to the sounds of witchcraft either with mockery and humorous outbursts or suspicion. Magic cloak of prejudice and superstition that surrounds Western societies is increasing systematically day after day.
Organized Crime Organized Crime is non ideological. It perpetuates itself and is typified by the motivation to use illegal violence and inducement. It is focused in the division of labor, is monopolistic and directed by precise rules and regulations. The study of organized crime is a multidisciplinary attempt. Organized crime, from a political scientist’s viewpoint, can be an interesting object of study in a variety of respects. First of all, organized crime is a construct that characterizes and legitimizes criminal policy. Secondly, organized crime may be conceptualized as an aspect of politics where crime networks and power elites overlap or where organized criminality turns out to be an instrument of politics. Thirdly, organized crime in the sense of criminal milieu as well as criminal subcultures can be interpreted as primitive states in their own right. Organized crime is a methodical criminal activity for money and power and applies this definition meticulously to the rich and powerful. The conventional perceptive of organized crime, which centers on gangsters and Mafia-type organizations that penetrate and corrupt the national and even international economic and political systems, is inadequate. Organized criminal activity was never a severe danger to create or developing economic and political power structures in the United States however more often a fluid, variable, and open-ended phenomenon that complemented those structures. Thus we can say that politics, money and power are important in the study of organized crime. William Chambliss defines the importance of politics, money and power in the study of organized crime on his book “On the Take” and “Power, Politics and Crime”. On the Take illustrates the level and intri...
To be trapped is to feel taken over by a superior being. One could feel trapped inside themselves, or by someone else, sometimes it can mean physically, by someone or something. For the United States’ instance, we continuously, and progressively get trapped by the immense growing population of criminally involved groups known as gangs. Influencing much of what America is today, gangs have a tight hold on major cities such as New York, Los Angeles, and Chicago. They take responsibility for many robberies, fights, murders, and any type of violence in general. Of course not every gang is as the such, there are some that plan to keep with their own business and rule themselves or their small communities however they want to, but the increase of criminal gangs has caused much dispute in the world itself.
What if there was a way to consume and use everyday products while knowing the people who put the hard work into growing and harvesting them are being treated as fairly as possible? Fortunately, there is a way for the consumer to have full confidence in this while purchasing their products. What the buyer should look out for is if the product is marked “Fair Trade” or not. Fair Trade is a type of business in which it is established that the producer is paid a fair price for the goods they provide. Whereas some producers get ripped off and paid only a small portion of what they should be, Fair Trade ensures that this does not happen and gives the producers the full benefit of their work. Some may ask, “is it really worth it to invest in something that will only put a label on a product?” The answer is yes. In this day and age, every humane person should have the decency to pay a little bit extra to warrant the fair treatment of the producers. Fair Trade is quite a simple social movement to operate with rules that can be easily enforced and the range of products is large yielding it to have its strengths and weaknesses, as does every operation of this scale.
Prostitution has been around since the beginning of humanity there has been no laws that have succeeded in stopping prostitution. It has been referred to as the oldest profession, prostitution has long been a problem which has provoked and disturbed Americans (Kinsey 3). However, there have been a lot of anti-social prostitution laws that were passed down one hundred years ago. Prostitution happens on a regular basis no matter if it is illegal or legal. A lot of debates have been raised on the topic if prostitution should be legalized or not. Canada prostitution is illegal but to sell sexual services is legal. Authorities are oblivious to escorting which is the same as prostitution but the difference is accompanying is discrete. Prostitution
Actus reus, mens rea…A guilty crime, a guilty mind. These words ring true for and crime, whether it is a simple misdemeanor, or as bad as a felony. Crimes can be any manner of things, from crimes against the person to crimes against property and against justice. The law has the extent of inchoate offenses, or “planning” to do a crime. These include an attempt at serious crime, conspiracy, incitement, or solicitation of services. Each of these is viewed differently in the eyes of the public and the eyes of those who interpret the law. In the United States, crime was at one of the highest rates in the world in the 1990’s, but has since decreased steadily. However, through massive amounts of mainstream media, the public is now far more aware of crime that does happen. The U.S. now spends far too much money and time focusing on legislation involving capital punishment, allowing jails to become over crowded with too-small crimes such as possession of marijuana, allowing ridiculous amounts of money to be spent on jails and prisoners.