A scathing indictment of white-collar crime and its unpunished practitioners.
So-called street crime—robbery, burglary, etc.—costs American society about $16 billion per year, according to FBI statistics. Conversely, “white collar crime in America, such as fraud and embezzlement, costs victims an estimated $300 billion to $800 billion per year.” So observes Vermont Law School professor and legal activist Taub, who adds that, as in other aspects of life, the holders of the big ticket pretty much get away with it every time out. Even if they don’t, they get a pass, as when in February 2020 Donald Trump pardoned various perpetrators of “bribery, investment fraud, public corruption, computer hacking, an extortion cover-up, money laundering, conspiracy to defraud the federal government, obstruction of justice, mail fraud, wire fraud.” Taub adds, “No white collar crime left behind.” The laxity with which white-collar crime is treated speaks to social inequality, and the author looks deeply into cases such as that of the opioid-peddling Sackler family, who were given ample time to hide their assets offshore when caught violating federal drug laws. Even though three top officials of their Purdue Pharma pleaded guilty, none served prison time. “They are as bad as the drug pusher on the street corner or the kingpins behind the cartel,” Taub notes with appropriately righteous indignation. For their part, those caught insider trading face an essentially toothless Securities and Exchange Commission. And so on. In this steely-eyed examination of these brazen criminals, Taub holds that this lack of effective punishment merely encourages the wealthy to prey on the rest of society. Though it would be impossible and even undesirable to prosecute every one of them, “we do need to make an example of those who are the worst offenders”—especially when a “lying, cheating, megalomaniac American president” is available to issue pardons like so many doses of Oxycontin.
A significant manifesto for judicial reform that aims at cracking the cabal of big-money grifters at the top.Pub Date: Sept. 29, 2020
ISBN: 978-1-984879-97-4
Page Count: 352
Publisher: Viking
Review Posted Online: June 30, 2020
Kirkus Reviews Issue: July 15, 2020
Categories: CURRENT EVENTS & SOCIAL ISSUES | TRUE CRIME | BUSINESS | U.S. GOVERNMENT | POLITICS | ISSUES & CONTROVERSIES | INVESTING | ECONOMICS
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BOOK REVIEW
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
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