William K. Black: Why Economic Criminals View Bangladesh as a Model for Workers Everywhere

April 30, 2013  |  As I write, there are terrible reports [3] indicating that the death toll in Bangladesh, where the building housing garment factories collapsed, is far greater than currently reported.  The initial reports from a disaster often prove inaccurate in important ways so I urge caution and the need to confirm whether the newer reports are accurate.

 

The higher death toll is not what prompts this article.  I write to discuss the intersection of control fraud, austerity, globalization, labor “reform,” and economic development. Control frauds, for those new to the term, is a type of fraud in which the person controlling a seemingly legitimate entity uses it as a “weapon” to defraud the unsuspecting public. The targets of fraud are often employees.