Psychopathic Bankers, The Story Expands: Bloomberg and Washington’s Blog

04 Jan

We were very delighted to see this latest post over at Washington’s Blog on the Psychopathy of bankers and others in our currently run amok global financial disaster – nice to see the word is getting around.

As we wrote in November, 2011:

Corporate Psychopathy: The Root of the Global Financial Crisis?

21 Nov

We’ve excerpted quite a bit of this article from here because there is so much important information in it – however, it is not the complete article. You will find the link to the full article at in the headline and again at the foot of the piece. Additionally, we have included the research paper “The Corporate Psychopaths Theory
of the Global Financial Crisis Clive R. Boddy  as an uploaded media file at the foot of the article for further reading. It is this paper which inspired the article.

While this article may be disturbing to many; it can also be seen as a first breath of fresh air and hope, if the underlying research is to be seriously considered. After all, it suggests that not only SHOULD we be disturbed, but we have a clear call to action to address this crisis if we expect to see any improvement in the global financial and political picture.
Interesting to note the corrolary between the 99% and the 1% – as pointed out in the article:

The Occupy Wall Street protesters demanding an end to the reign of the “one per cent” may have unwittingly stumbled on the crux of the issue. Science tells us that 99 per cent of humans have normal emotional function. One per cent are psychopaths. We ignore that truth at our peril.

Perhaps it is time, as suggested here, that routine screening for the genetic markers for Psychopathy be required for all levels of corporate and/or political office.

Time to Test Corporate Leaders to Weed out Psychopaths

And now it comes along in a very thorough and well researched piece from Washington’s Blog, citing Bloomberg and others – nice.

Let’s get this train out of the station and start a movement to require testing of top level Bankers, Corporate ‘Leaders’, Politicians and Policy Makers and get the psychopaths out of control of the financial and political and business systems of our world.  Yesterday would not be too soon.
Here’s a little snip of the new Washington’s Blog piece; as always follow the headline and ending linkss provided to read the full article.

Psychopaths Caused the Financial Crisis … And They Will Do It Again and Again Unless They Are Removed From Power

Psychopaths Caused the Financial Crisis


Bloomberg notes:

The “corporate psychopaths” at the helm of our financial institutions are to blame [for the financial crisis].

Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of “people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry” lack a “conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people.”

As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are “extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society.”

How do people with such obvious personality flaws make it to the top of seemingly successful corporations? Boddy says psychopaths take advantage of the “relative chaotic nature of the modern corporation,” including “rapid change, constant renewal” and high turnover of “key personnel.” Such circumstances allow them to ascend through a combination of “charm” and “charisma,” which makes “their behaviour invisible” and “makes them appear normal and even to be ideal leaders.”


Read teh Full Story HEre


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