Wages Of Crime

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In this paper, I will be writing about the assumptions of the global tidal wave from the book Wages of Crime: Black Market, Illegal Finance, and the Underworld Economy with additional research about this topic from two different references. Next I will be defining each assumption into my own words as well as citing from the book. Lastly, this essay will be covering examples of each of the three assumptions.
The three assumptions that the “global tidal wave of crime and the torrents of dirty money that flow along with it” are that cartels are all over the world. Cartels is the term when discussing illegal businesses, but in modern days, we are more likely to use “organized crime” when talking about specific groups or “partnerships” along individuals. …show more content…
Globalization is referencing to the “ propensity of the rich to get richer and the powerful get more powerful, while the opposite happens to the poor and the weak.” [1]This tells us that our society would be benefiting the rich and powerful more than the poor and weak. An example of globalization and criminals would be Phil Williams of the University of Pittsburgh interview in which he spoke about the topic of “the explosion of transnational crime in a globalized world,” stating that “"transnational criminals have been one of the biggest beneficiaries of globalization," Williams said. Globalization facilitates international trade but also increases the difficulty of regulating global trade, he said; traffickers and smugglers have exploited this. Williams added that globalization has increased inequality around the globe, and that "its disruptive effect has actually caused people to have to go into organized crime and operate in illicit markets as coping mechanisms." [3 and 3a] Electrical technologies have also played a significant increase when it comes to profits. It allows for the “rapid international transport of goods and people” and in return money comes from these sales.

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