People with higher social status will commit more corporate crimes such as embezzlement money laundering unlike the working class. I feel that the conflict theory is an accurate way of showing how a society truly works. People with wealth and power truly do have more of a “pull” in society as compared to the working class. The capitalist class conflicts to the working class due to this and they establish the norms. The financial crisis that occurred in 2008 is a great example of a real life conflict theory situation. In 2008, there were many major financial companies that were absorbed by other financial companies, receive government bail outs or receive cash. On the Investopedia website, “A Good Book, in Theory” written by Alan Sears and James Cairns is discussed and they explain the reasoning behind the financial crisis and how it relates to the conflict theory. “Conflict theory proponents view the financial crisis as the inevitable outcome of the inequalities and instabilities that plague Western societies, since the present structure of the global economic system enables the largest banks and institutions to avoid government oversight and take huge
People with higher social status will commit more corporate crimes such as embezzlement money laundering unlike the working class. I feel that the conflict theory is an accurate way of showing how a society truly works. People with wealth and power truly do have more of a “pull” in society as compared to the working class. The capitalist class conflicts to the working class due to this and they establish the norms. The financial crisis that occurred in 2008 is a great example of a real life conflict theory situation. In 2008, there were many major financial companies that were absorbed by other financial companies, receive government bail outs or receive cash. On the Investopedia website, “A Good Book, in Theory” written by Alan Sears and James Cairns is discussed and they explain the reasoning behind the financial crisis and how it relates to the conflict theory. “Conflict theory proponents view the financial crisis as the inevitable outcome of the inequalities and instabilities that plague Western societies, since the present structure of the global economic system enables the largest banks and institutions to avoid government oversight and take huge