CRIM 412 Lecture Notes - Lecture 8: Loan Shark, Organized Crime, Time Horizon
30 Jan 2020
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Document Summary
Exist in a political and legal framework. Work against the state with regulators constantly trying to close them down. Time horizon equal to that of the illegal entrepreneur. Violence is a possibility to settle disputes. The core of organized crime is the supplying of illegal goods and services-gambling, loansharking, narcotics, and other forms of vice-to countless numbers of citizen customers . The connection between organized crime and illegal business can be: The business of organized crime is extortion and the criminals who supply the illegal goods and/or services are its victims. Activities that are neither goods nor services but are clearly parasitic. Organized crime may limit competition and provide collection and/or arbitration services in return for tribute. Organized crime may act as a form of shadow government providing policing and judicial services to a vast underworld thereby increasing efficiency and coordination. Usually at reduced rates of the actual value of the item.
