"Killing the world economy"? How about creating the world economy as it stands today? Geeze...
Axis of Logic
Shark-like, they rise fast but risk killing the world economy, concludes a business professor.
 | ||||
One per cent of humans: Not murderously insane, just
devoid of empathy and ultimately destructive.
Given the state of the global economy, it might not surprise you to learn that psychopaths may be controlling the world. Not violent criminals, but corporate psychopaths who nonetheless have a genetically-inherited biochemical condition that prevents them from feeling normal human empathy.
Scientific research is revealing that 21st century financial institutions with a high rate of turnover and expanding global power have become highly attractive to psychopathic individuals to enrich themselves at the expense of others, and the companies they work for.
A peer-reviewed theoretical paper from 2011 titled "The Corporate Psychopaths Theory of the Global Financial Crisis" details how highly-placed psychopaths in the banking sector may have nearly brought down the world economy through their own inherent inability to care about the consequences of their actions.
The author of this paper, Clive Boddy, previously of Nottingham Trent University, believes this theory would go a long way to explain how senior managers acted in ways that were disastrous for the institutions they worked for, the investors they represented and the global economy at large.
If true, this also means the astronomically expensive public bailouts will not solve the problem since many of the morally impaired individuals who caused this mess likely remain in positions of power. Worse, they may be the same people advising governments on how to resolve this crisis.
To tackle this problem, we must instead examine this rare and curious condition, and why recent corporate history may have elevated precisely the wrong type of people to positions of great power and public trust.
No comments:
Post a Comment