Corrupt Capital


Book Description

This book offers a deep dive into the social, political, and economic forces that make white-collar crime and corruption a staple feature of the nightlife economy. The author, a former bouncer-turned-bartender of party bars and nightclubs in a large U.S. city, draws from an auto-ethnographic case study to describe and explain the routine and embedded nature of corruption and deviance among the regulators and the regulated in the nightlife environment. This text offers a contemporary and incisive theoretical framework on the criminogenic features and structural contradictions of capitalism. The author both describes and explains how the dominant political economy is rife with structural contradictions that, in turn, generate various manifestations of white-collar crime, organizational deviance, and public corruption. The author uses the bar and nightlife environment to empirically anchor these claims. Methodologically, the research is innovative in advancing inquiry into ethically and logistically challenging environments. The style of writing and framing of the text is one that punches upward and avoids the voyeuristic and reductionist tropes historically associated with "dangerous fieldwork." Through a range of disciplinary perspectives, Corrupt Capital offers both scholarly rigor and inviting prose to advance our understanding of crimes of the relatively powerful and powerless alike. An accessible and compelling text, this book will appeal to readers in criminology, sociology, law and society, political science, and all those interested in learning about the relationship between power, law, and routinized corruption in the nightlife economy.




Corrupt Cities


Book Description

Much of the devastation caused by the recent earthquake in Turkey was the result of widespread corruption between the construction industry and government officials. Corruption is part of everyday public life and we tend to take it for granted. However, preventing corruption helps to raise city revenues, improve service delivery, stimulate public confidence and participation, and win elections. This book is designed to help citizens and public officials diagnose, investigate and prevent various kinds of corrupt and illicit behaviour. It focuses on systematic corruption rather than the free-lance activity of a few law-breakers, and emphasises practical preventive measures rather than purely punitive or moralistic campaigns.




Network Corruption


Book Description

Corruption is generally referred to as bribery. This books deals with a different form of corruption: corruption caused by networks. Network corruption is the form of corruption in which the interaction of multiple actors within a social network results in corruption but in which the individual behaviour as such is not necessarily corrupt. The main reason for this research is that a gap appears to exist in the available theories on corruption: very little research is available on corruption by a network, nor does the network theory thoroughly discuss the risks or pitfalls of networks or how such a collective can become corrupt. As such this books offers a 'new layer' by clearly defining what distinguishes network corruption from corruption networks. The other reason for this research is the observation that policies and investigations appear to be limited in dealing with corruption in network-like structures. This book deals with the question how corruption is linked to the functioning of social networks. The available literature of both corruption and networks was reviewed. Some theories support the idea of collective acting and collective responsibility which can be used in cases of corruption by a network. The conceptual analysis results in one assessment frame which helps in distinguishing when networks are a form of social capital and when they deteriorate into corruption. The assessment frame was applied to three case studies from developed western societies in which corruption was brought in connection with a network (the international FIFA case, the News of the World International phone-hacking scandal from the United Kingdom and the Dutch city of Roermond). This allowed for a better understanding of the mechanisms and characteristics of networks. The findings on the link between networks and corruption gained from this book call for alternative routes for policy development and for a greater network awareness. This book concludes with policy recommendation and ways to ensure networks remain the essential Social Capital needed in our society.




The Quality of Government


Book Description

The relationship between government, virtue, and wealth has held a special fascination since Aristotle, and the importance of each frames policy debates today in both developed and developing countries. While it’s clear that low-quality government institutions have tremendous negative effects on the health and wealth of societies, the criteria for good governance remain far from clear. In this pathbreaking book, leading political scientist Bo Rothstein provides a theoretical foundation for empirical analysis on the connection between the quality of government and important economic, political, and social outcomes. Focusing on the effects of government policies, he argues that unpredictable actions constitute a severe impediment to economic growth and development—and that a basic characteristic of quality government is impartiality in the exercise of power. This is borne out by cross-sectional analyses, experimental studies, and in-depth historical investigations. Timely and topical, The Quality of Government tackles such issues as political legitimacy, social capital, and corruption.




Understanding Corruption


Book Description

Using case studies to understand the different forms of corruption (bribery, political corruption, kleptocracy and corrupt capital) the book builds a picture of the global threat that corruption poses and the responses that have been most effective.




United States Attorneys' Manual


Book Description




Corruption Networks


Book Description

This book aims to gather the insight of leading experts on corruption and anti-corruption studies working at the scientific frontier of this phenomenon using the multidisciplinary tools of data and network science, in order to present current theoretical, empirical, and operational efforts being performed in order to curb this problem. The research results strengthen the importance of evidence-based approaches in the fight against corruption in all its forms, and foster the discussion about the best ways to convert the obtained knowledge into public policy. The contributed chapters provide comprehensive and multidisciplinary approaches to handle the non-trivial structural and dynamical aspects that characterize the modern social, economic, political and technological systems where corruption takes place. This book will serve a broad multi-disciplinary audience from natural to social scientists, applied mathematicians, including law and policymakers.




The Corruption of Capitalism


Book Description

Politicians, financiers and bureaucrats claim to believe in free competitive markets, yet they have built the most unfree market system ever created. In this Gilded Age, income is funnelled to the owners of property – financial, physical and intellectual – at the expense of society. Wages stagnate as labour markets are transformed by outsourcing, automation and the on-demand economy, generating more rental income while broadening the precariat. Now fully updated with an introduction examining the systemic issues exposed by Brexit and Covid-19, The Corruption of Capitalism argues that rentier capitalism is fostering revolt and presents a new income distribution system that would achieve the extinction of the rentier while encouraging sustainable growth.




Does Corruption Affect Income Inequality and Poverty?


Book Description

This paper demonstrates that high and rising corruption increases income inequality and poverty by reducing economic growth, the progressivity of the tax system, the level and effectiveness of social spending, and the formation of human capital, and by perpetuating an unequal distribution of asset ownership and unequal access to education. These findings hold for countries with different growth experiences, at different stages of development, and using various indices of corruption. An important implication of these results is that policies that reduce corruption will also lower income inequality and poverty.




Corruption and Fraud in Financial Markets


Book Description

Identifying malpractice and misconduct should be top priority for financial risk managers today Corruption and Fraud in Financial Markets identifies potential issues surrounding all types of fraud, misconduct, price/volume manipulation and other forms of malpractice. Chapters cover detection, prevention and regulation of corruption and fraud within different financial markets. Written by experts at the forefront of finance and risk management, this book details the many practices that bring potentially devastating consequences, including insider trading, bribery, false disclosure, frontrunning, options backdating, and improper execution or broker-agency relationships. Informed but corrupt traders manipulate prices in dark pools run by investment banks, using anonymous deals to move prices in their own favour, extracting value from ordinary investors time and time again. Strategies such as wash, ladder and spoofing trades are rife, even on regulated exchanges – and in unregulated cryptocurrency exchanges one can even see these manipulative quotes happening real-time in the limit order book. More generally, financial market misconduct and fraud affects about 15 percent of publicly listed companies each year and the resulting fines can devastate an organisation's budget and initiate a tailspin from which it may never recover. This book gives you a deeper understanding of all these issues to help prevent you and your company from falling victim to unethical practices. Learn about the different types of corruption and fraud and where they may be hiding in your organisation Identify improper relationships and conflicts of interest before they become a problem Understand the regulations surrounding market misconduct, and how they affect your firm Prevent budget-breaking fines and other potentially catastrophic consequences Since the LIBOR scandal, many major banks have been fined billions of dollars for manipulation of prices, exchange rates and interest rates. Headline cases aside, misconduct and fraud is uncomfortably prevalent in a large number of financial firms; it can exist in a wide variety of forms, with practices in multiple departments, making self-governance complex. Corruption and Fraud in Financial Markets is a comprehensive guide to identifying and stopping potential problems before they reach the level of finable misconduct.