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Answer :
Final answer:
Jack Katz would explain white-collar crime as a nonviolent, financially motivated crime, typically rationalized as victimless by offenders of high social status. This type of crime is characterized by deceit and exploitation of trust and power within professional settings.
Explanation:
Jack Katz's explanation of white-collar crime would focus on the characteristics unique to this type of criminal conduct. Unlike street crimes, which are often associated with poverty and occur in public spaces, white-collar crimes are committed by individuals of high social status during the course of their profession. White-collar crimes encompass illegal acts such as fraud, bribery, embezzlement, and insider trading, with the primary motivation of financial gain.
Understanding white-collar crime requires looking at social and psychological factors that differ from those associated with more traditional forms of crime. These crimes are carried out through deceit and a violation of trust rather than through the threat or use of force. They represent not just a search for financial benefit, but also an exploitation of power and position by those within the upper echelons of society.
Jack Katz would likely argue that offenders of white-collar crime rationalize their actions as victimless, emphasizing the absence of immediate physical harm. However, the consequences of such crimes can be far-reaching, impacting the financial stability and wellbeing of countless individuals and institutions.
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