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Jim Craven – Capitalism: A System Run By and For Psychopaths

Summary:
This article is not a critique of capitalism, in fact, it doesn't talk about capitalism at all. But what it does suggests from the title is that neoliberalism is perfect for psychopaths to rise to the top who can then shape it. According to psychologists who study this condition, psychopathology this is not a personality trait, it is a mental illness. Considering the amount of damage these people can do, including blowing the planet up, society needs a screening process to ensure that they never get anywhere near the top.It is often said that 1 in 25 people display psychopathic traits, but most of these people have antisocial personalities and often later in life, or after rehabilitation, they will display empathy, but psychopaths never show any empathy. 1 in a 100 people are psychopaths

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This article is not a critique of capitalism, in fact, it doesn't talk about capitalism at all. But what it does suggests from the title is that neoliberalism is perfect for psychopaths to rise to the top who can then shape it. 

According to psychologists who study this condition, psychopathology this is not a personality trait, it is a mental illness. Considering the amount of damage these people can do, including blowing the planet up, society needs a screening process to ensure that they never get anywhere near the top.

It is often said that 1 in 25 people display psychopathic traits, but most of these people have antisocial personalities and often later in life, or after rehabilitation, they will display empathy, but psychopaths never show any empathy. 1 in a 100 people are psychopaths but the psychopathic serial killer is very rare.

I'm pretty certain Milton Friedman was a psychopath, and when I watch this clip below I just want to punch him in the gob.

Jim Craven

Regardless of whether they are characterized as compensated psychopaths, partial psychopaths, subclinical psychopaths or subcriminal psychopaths, these psychopaths cause others to suffer immeasurably from their own psychopathy, and conveniently for them they do it without a trace of their always nonexistent conscience. Dr. Robert D. Hare, the world's foremost expert on the psychopath, has described psychopathy as “a socially devastating disorder defined by a constellation of affective, interpersonal, and behavioral characteristics." 
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Particularly characteristic of the psychopath are shallow emotions, the utter absence of empathy, guilt, or remorse, glibness/superficial charm, manipulativeness, inconsistency, deceitfulness/lying and a grandiose sense of self-worth.
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Lacking any genuine remorse, psychopaths also lack the motivation to change. It's generally thought that not only do psychopaths not get better with treatment, they actually get worse because they learn how to better manipulate the system, as well as the clinicians who try to treat them. According to Robert Hare, "Administrators actually took it to mean that not only are they not treatable, but if they're going to be worse, let's do everybody the service of not treating them." Dr. Hare believes in developing a good treatment plan; there just isn't one yet.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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