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Narcissism and the Economic Crisis?


Narcissism and the Economic Crisis?

In his seminal book the Culture of Narcissism, Christoper Lasch lamented the degree to which the Western Psyche had shifted toward traits that by any measure would be seen as predominantly narcissistic. In spite of his grim assessment and dire warnings, even he would be impressed by how deeply we have plunged into the emptiness of narcissism.

What impact do narcissistic traits and characteristics have in the face of the ongoing economic crisis? First of all grandiosity and denial are common features of the condition which I think can easily be seen as the two horsemen of the apocalypse that lead us down the path to our current situation. How could we have thought that mortgages would magically be paid when there was no evidence of the basic requirements for this to be so? How could a bank offer such a loan and moreover how could a consumer have the hubris to take on the loan? There were powerful financial motivators to be sure. However to participate in that market required quite a bit of denial and a grandiose sense of invincibility. When one examines the Psychology that allows this to occur you can't help but see the shadowy consequences of narcissism on our society.

Dr. Drew Pinsky

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Mar/25/2009, 10:13 am Link to this post  
 
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Re: Narcissism and the Economic Crisis?


Compare to this:

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In December 2008, Bernard Madoff, a pillar of the Jewish community and of Wall Street, admitted to having run a 50 billion USD Ponzi (Pyramid) scheme, the biggest scam in history.

It is still debatable whether Bernard Madoff fits the profile of a classic scammer. Anti-Semites blame his ancestry, the society and culture he grew in:

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To understand his psychology, you may wish to start by reading this short story I have written. It tackles in minute detail the psychodynamic processes in a con-man's mind as well as the curious bond that inevitably forms between perpetrator and victim

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Madoff is, in all likelihood, a psychopathic narcissist:

For a more detailed view of pathological narcissism and the Narcissistic Personality Disorder (NPD) - click on these links:

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NPD (Narcissistic Personality Disorder) and AsPD (Antisocial Personality Disorder, Psychopathy, or Sociopathy)

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Is Madoff malicious?

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He feels immune to the consequences of his actions and reinterprets his crimes to fit an ego-syntonic narrative:

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The Narcissist and Psychopath as Criminals

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The Narcissist is Above the Law

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The Narcissist as Liar and Con-man

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Does the Narcissist Have a Multiple Personality (Dissociative Identity Disorder)?

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Grandiosity, Fantasies, and Narcissism

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He feels no remorse

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He blames his victims (or the Universe) for the mess (he has alloplastic defenses)

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He loves the attention

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You can download my book about financial crime here:

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---
Encyclopedia of Narcissism and Psychopathy

http://samvak.tripod.com/siteindex.html

Buy 16 books and video lectures on 3 DVDs about narcissists, psychopaths, and abusive relationships

http://www.narcissistic-abuse.com/thebook.html
Apr/3/2009, 2:17 pm Link to this post  
 


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