Over the last two years, from Wall Street to the Ivy League to Silicon Valley, nearly every institution of American life has taken on the unmistakable stench of moral rot: huffp.st/mgBSQu1
The rich are enjoying a golden age of impunity. The criminal justice system has given up all pretense that crimes of the wealthy are worth taking seriously.
In 2018, a year when nearly 19,000 people were sentenced in federal court for drug crimes alone, prosecutors convicted just 37 corporate criminals who worked at firms with more than 50 employees.
Meanwhile, over the last four decades, the agencies responsible for investigating elite and white-collar crime have seen their enforcement divisions starved into irrelevance.
And the human costs are mounting. Tax evasion siphons roughly 10,000 times more money out of the economy every year than bank robberies. Fraud by America’s largest corporations cost us up to $360 billion annually between 1996 and 2004.
An entrenched, unfettered class of superpredators is wreaking havoc on American society. This is the grotesque story of how that happened: huffp.st/mgBSQu1
