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catoismymotor (35.95)

Food For Thought: Psychopaths Caused the Financial Crisis

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January 06, 2012 – Comments (4) | RELATED TICKERS: PSY , CH , O

I found this blog to be very much in line with my thoughts on the subject. Whether you agree or not I think it is worth your time.

 

Psychopaths Caused the Financial Crisis

4 Comments – Post Your Own

#1) On January 06, 2012 at 11:25 AM, drgroup (68.81) wrote:

They should do this study on congress and the white house. Interesting....

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#2) On January 06, 2012 at 11:31 AM, amassafortune (29.69) wrote:

This article does fit well with corporate changes we have seen over the past few decades. The emphasis on "making the numbers" helps these 'no holds barred' personalities rise in modern corporate structures.

I like the fact that the article trys to explain why these personalities did not ascend in corporations as much before the 1980s. Stability and less emphasis on fast change being key.

It also sheds light on how Japan, with a developed economy in a long recession, has not seen as many people getting rich off the crisis. 

This article does not mention NDAA, but shows why the National Defense Authorization Act should not be allowed. All it takes is a few of these personalities making these non-public decisions to create a very unjust result. The 99% of citizens who do not understand such personalities go along with the legislation thinking their own moral perspective will be used. 

It's almost humorous that 1% of the population has this personality characteristic. 

It supports the idea that the most principled employees were laid off early during the downturn. The "make the numbers at any cost" workers were retained, as well as low-paid, compliant worker bees. 

The piece lends credence to holding gold, as these leaders, business and political, will print to the point of collapse because they have no 'off' or 'reversal' switch. 

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#3) On January 06, 2012 at 12:55 PM, eldemonio (98.67) wrote:

The article mentions the nature vs. nurture argument in relation to these psychopaths and the corporate culture that may have shaped them. 

Even the most noble seem to be corrupted when placed in a toxic environment - integrity and compassion are viewed more and more as character flaws in corporate America and government. 

D!ckheads aren't born, power and greed create them. 

 

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#4) On January 20, 2012 at 8:45 AM, lemoneater (79.45) wrote:

Well, I always thought I was unsuited to a political career! Not ruthless enough.

I think the family cat would do fine. He has the characteristics of a psychopath: charm, and singlemindness of purpose regardless of others.

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