Toward a Criminological Understanding of Financialization

This article weaves together the ascendancy of financial markets and the field of critical criminology. It argues that critical perspectives such as crimes of the powerful and crimes of globalization may benefit from analyzing financialization as a key economic and cultural transformation in today’s capitalism. The analysis of financialization is made through the literature that addresses the economic transformations of capitalist accumulation, thus framing finance capital in the post-Fordist regime of production. By using this perspective, this article develops the argument that the cyclical speculative waves of finance are not a congenital pathology of capitalism but its very mode of governmentality. Overall, this article claims the analytic potential of financialization studies to deepen our understanding of the social and environmental harms produced by powerful corporations and financial institutions.

Infrastructure Vandalism and Protection in a Vulnerable Zimbabwean Environment: Review of the Structural Materialism Theory

Many institutions are facing or have faced challenges related to vandalism of equipment and property in Zimbabwe. This criminal phenomenon is not only restricted and peculiar to this country but is experienced in other regions of the world, however with variations. The purpose of the study is to explore and unpack the various dimensions of infrastructure vandalism by gazing at Zimbabwe Electricity Supply Authority (ZESA) a power utility in Zimbabwe. The level of vandalism has been increasing unabated resulting in in a multitude of undesirable effects on the power utility and the economy as a whole. A plethora of stimulants have been seen to be triggering and sustaining the theft and vandalism of the infrastructure which targets copper conductors, copper windings, oils and the poles in the majority of cases. The study adopted the mixed method approach due to its technical advantage of converging and merging qualitative and quantitative data in order to provide comprehensive results and produce new knowledge claims. This methodological framework was guided by the structural materialism theory which is an off shot of the critical criminology perspective. Thus, the study found out that infrastructure vandalism is representative of a broader dysfunctional socioeconomic system of a country riddled by poverty, unemployment and the absence of mores and values within communities. Consequently, the levels of infrastructure vandalism have spiraled to unprecedented levels. The study concludes that the government is failing to sufficiently address the macro-economic fundamentals as way of discouraging citizens from engaging in crime and criminality while the traditional leaders are not being respected yet they have a significant role they can play in promoting the stability and serenity of communities. In view of these conclusions the study recommends that all stakeholders contribute towards the protection of all infrastructure and migrate to digitalize the protection of such infrastructure as well as promulgation of appropriate pieces of legislation.