Facts speak louder than statistics

Tuesday, 20 January 2015

Criminal Economics.

Crime would appear to be a necessity to the economy.

Basically Australia has a post industrial service economy which was underwritten by a mining boom.

Because one major economic performance measure looks more towards sales and services made by companies and not by the manufacturing of goods it’s pretty much the more sales the better.

Where crime fits in to the picture is really quite simple, a criminal breaks into your home and for example steals your DVD player and other sundries, there are then several expenses you face.

First of all you hopefully have insurance, your insurance company has been receiving money from you and the money you have been paying has been contributing to the insurance company’s bottom line.

Then you need to get the break in damage repaired. Usually someone needs to be employed for this task. That person will be doing a job and earning money that they otherwise would not be earning.

Then you need to buy a new DVD player and other items, retailers make sales that they would not otherwise be making if a crime had not been committed.

If you are assaulted maybe you will need medical treatment, medication will be prescribed, money for the chemist and if your clothes are damaged they will need to be replaced which means more money for a clothes retailer.

Maybe the experience has traumatised you so you seek help from an appropriate health professional, another patient for them and more money for their practice or maybe you just start drinking heavily which is more sales for a bottle shop.

Money is spent that otherwise wouldn’t have been spent. 

Because of crime more money is spent and in the process it’s helping keep people employed, helping keep businesses running and helping the economy so if a crime is committed against you don’t feel bad because it’s actually for the greater good since crime is helping this nation to have a strong economy.