Crooks and criminals at the highest levels of society. The problem is that because capitalism is based on so much competition, exploitation, greed, and corruption in the first place, these financial and banking thieves naturally rise to the top and are all but socially encourage to partake in unethical activities.
Why do we have police conducting regular stop-and-frisk searches on the streets of Black and Latino neighborhoods, but not in the hallways of the Wall Street office buildings and banks?
… According to the survey, 24 percent of respondents reported a belief that financial services professionals may need to engage in unethical or illegal conduct in order to be successful, while 26 percent of respondents indicated that they had observed or had firsthand knowledge of wrongdoing in the workplace. Particularly troubling, 16 percent of respondents reported that they would commit a crime—insider trading—if they could get away with it.
… 30 percent of respondents reported their compensation or bonus plan created pressure to compromise ethical standards or violate the law, while 23 percent of respondents reported other pressures that may lead to unethical or illegal conduct.
… In addition, in the U.S., gender was a factor in attitudes toward retaliation; 22 percent of female respondents believe that they would be retaliated against if they reported wrongdoing in the workplace, compared with 12 percent of male respondents.
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