Yes, white collar crimes are a problem in society.
Explanation:
White collar crimes are a major problem to the society as it increases corruption and inefficiency in the society. A large portion of the society are victims of white collar crimes as those who involve in such crimes use and siphon funds and opportunity for their own personal purposes.
Most of these crimes involve amassing public funds, embezzlement, fraud, bribery, etc by the higher authorities or those in higher positions.
In order to reduce such crimes, the public should be vigilant and should demand for transparency in the public offices and businesses. It is important to implement an efficient prosecuting machinery in each district and state to prevent and punish every white collar criminals.
The most effective way tor reduce white collar crimes would be recruiting or employing accountable individuals with proficient qualities so that they would not engage in such crimes but instead work for the common good and development of all.
