In december 2012, hsbc, a european bank operating within the united states, was found to be involved in money laundering and terrorist financing on a very large scale. the bank was charged fines amounting to approximately a month's worth of profits, but not a single person in the organization served any time in prison. meanwhile, the prosecution of street crime has resulted in the highest per-capita incarceration rate in the world. which theory of deviance provides the best tools for understanding these facts?

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Business

Patricia Doyle

2 July, 04:25

In december 2012, hsbc, a european bank operating within the united states, was found to be involved in money laundering and terrorist financing on a very large scale. the bank was charged fines amounting to approximately a month's worth of profits, but not a single person in the organization served any time in prison. meanwhile, the prosecution of street crime has resulted in the highest per-capita incarceration rate in the world. which theory of deviance provides the best tools for understanding these facts?

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Sanaa Harper · Answer 1

Conflict Theory.

Conflict theory sees social life as a competition of limited resources. Social order is maintained by dominance and power rather than consensus and conformity.