psychopaths

I had a conversation with my former financial advisor when the markets were crashing back in ’08. I asked him to give me an estimate, his best, ostensibly educated guess when the market might turn around or at least stabilize. He assured me it would be soon. The credit default scandal had already been exposed. Real estate foreclosures had been assessed and the losses factored into financial projections. The fact is, he offered with conviction, in any industry one had to account for a certain amount of corruption. Maybe 5% of the people in any given field were evil. The evil had now been weeded out and the markets would bounce back to its mean of 8 to 10% growth or better annually soon, he’d promised.

Turns out, evil abounds in the financial industry. From Michael Arougheti (Ares), $85 million in 2024, to Jamie Dimon (JPMorgan Chase), $39 million to Varun Krishna (Rocket), $25.89 million, and their corporate cronies with eight figure bonuses, these bank execs and mortgage brokers horde properties, creating our current housing shortage turning us into a renters nation, and control the markets at their whim with risky investments (which they call ‘financial products’) for personal gain. My advisor had to be grossly low on his 5% estimate of evil in finance.

According to forensic psychologist and author Robert Hare, it is possible, even likely, that the percentage of evil is greater in the financial industry than most any other field. Money attracts greedy people. Those who choose a career pursuing money, instead of building, inventing, engineering, teaching, are generally looking for what they can get from society instead of what they can give to it. In Snakes in Suits, Mr. Hare claims at least 10% of all those in finance are psychopaths.

The 5% (or more) who callously exploit the rest of us is what makes the free-market system they support a myth. That 5% evil controls 95% of the financial markets of the world. The enormous scale of capital they play with has proven to collapse economies, robbing millions of their life savings, their jobs, their homes.

Most of us put our earnings in the bank or the market and hope our savings will grow. We depend on those in charge of most everyone’s money to know what they’re doing and manage the money we entrust to them wisely. Most of us don’t have the time or inclination for in-depth study and monitoring of the markets. Even if we did, it is rarely possible to get an intimate and transparent view inside most corporations. We rely on our government to monitor and avoid financial catastrophes. The ‘08 crash is an example of what happens when they don’t. The Trump administration is another, while he and his 5% — bankers; brokers, energy and tech execs — sets up our economy to profit themselves at the cost of 95% of the rest of us.

A ‘free market’ system strives to maintain very few restrictions, touting supply and demand will regulate economics. And though this is a lovely idea, like communism, it doesn’t work in the real world. The economy collapses when demand is only from the [wealthy] 1% of the population that can afford anything. Public companies with no limits on growth, minimal regulations, limited liability, no accountability, and lack of transparency virtually invite exploitation by the few, but none the less formidable percentage of evil. Our ‘free market’ invariably becomes controlled by a small minority of wealthy shareholders who represent only their own interests. This corrupts the entire society by shifting the balance of power to a handful of narcissists, if not out and out psychopaths, as Robert Hare claims.

Republicans and conservatives scream socialism if the government regulates the markets beyond ‘protection of property and against force or fraud.’ But everyone pays the price for the 5% that continually redefine the term ‘fraud.’ The 5% evil controlling the financial industry continues to take ridiculous risks and impose absurdly high costs and interest for excessive yields to line their pockets. And the fact is, it IS socialism when taxpayers are forced to bail out banks and brokers who were, and are still indifferent to the suffering they cause — the very definition of ‘Psychopath.’

We will never be able to ‘weed out’ evil from humanity. A certain percentage of our population will always be narcissists, care exclusively about their own welfare over the society in which they live.

Regulations on our financial industry must be imposed and upheld to keep evil in-check and limit the damage the 5% will surely cause again and again. We are more than willing to put sanctions on countries that support terrorism. If we are truly ‘by the people, of the people, and for the people’ of this nation, we must sanction the evil in our system as well.

IMAGINE working your ass off all through high school, studying instead of partying, volunteering with school and community groups so you can into a good college. You send out your applications, to Stanford, Harvard, Princeton, as you have the 4.8 GPA, and all the right clubs on your resume. Your mom kisses each envelope before mailing, “for luck,” then hugs you, with her silent prayer that you’ll be accepted everywhere, that the world will see her beautiful daughter the way she does.

Pins and needles until the letters start coming in, or maybe they won’t, and no college will want you, keeps playing in your head, until February rolls around and letters DO come. Cal Berkeley wants you! UC Davis wants you! Stanford wait-listed you. And Harvard ACCEPTED YOU!! You’re dancing in the kitchen with your mom, dad, and little brother, laughing, hugging, celebrating your achievement of hard work and tenacity. For the moment, you let yourself bask in the glow of your family’s pride.

August comes round, and you are settling into your dorm room at Harvard. Your roommate is nice enough, though she’s hardly there. Unlike you, she’s very social. She got into Harvard on her daddy’s dime. He went there. She had a 3.6 GPA, but got a free pass into the school, as did ex-president George Bush Jr (with a 2.35 GPA). If nothing else, Harvard is incestuous. Many of Harvard students are related to past students, with money.

You love your classes. Your professors. A few months into your Harvard experience you are doing well academically, even if you haven’t made any real friends. You assure your mom you’re fine, though you don’t tell her you’re feeling more than a bit lonely. The popular girls, like your roommate, came in with money, and come from money. They dress trendy, buy expensive, look sharp, act confident. Make it in Harvard, or not, they have no worries after school. The rich rarely have to worry like the rest of us.

You come back to your empty dorm room one afternoon, turn on your computer, and are about to get started on the paper you have to write for Expository, but the image on the screen stops you dead. Your face stares back at you, next to some other young woman. Under her picture it says, “HOT!” Under YOUR PICTURE voters say you are not.

This is the beginning of Facemash, which eventually became Facebook. This is MARK ZUCKERBERG’S idea of fun—making women feel like shit for his entertainment. IMAGINE what that girl must have felt when she saw NOT under her Harvard profile picture. IMAGINE if it was YOUR CHILD. OR YOU.

And here’s what ZUCKERBERG said the first night he released Facemash: “I almost want to put some of these faces next to pictures of some farm animals and have people vote on which is more attractive.”

This is MARK ZUCKERBERG then, and THIS IS MARK ZUCKERBERG NOW! He is still the same ugly, petty, small man/child, pulling the same ugly crap, indifferent to anyone but himself, ignoring the pain he is causing across the globe now. Zuckerberg was already a second year student at Harvard. He was not a child. If ZUCKERBERG was a decent man, a man of goodness, not cruelty, he never would have COPIED HOT OR NOT, an app that was already out there. Zucky just ripped it off! To debase Harvard WOMEN. Shame on you ZUCKY, and your MAMA and PAPA, for not teaching you how to treat others with respect and kindness!

ZUCKERBERG is still indifferent to anyone but his own needs, even TODAY. His Facebook recommendation engine helped get TRUMPY ELECTED! And he’ll likely do it again. How? His recommendation engine only shows you what ZUCKY WANTS YOU TO SEE. You do NOT see all your connection’s posts. ZUCKY WON’T LET YOU. He shows you only posts that REFLECT YOU. It helps his advertisers sell you more, to show you only what you’ve shown interest in, or people like you have clicked on. We are all merely seeing posts that reflect our own opinions now.

ZUCKY only sees his own reflection too. It’s what allowed him to debase women at Harvard. It is allowing him to keep his screwed up recommendation engine on and running, as you are more likely to BUY from people reflecting your position. Russians, Republicans spreading lies, ZUCKY doesn’t care. He cares about getting and keeping advertisers. His “fake news” AI department is a joke. I know someone working there, and they tell me he really isn’t trying to stop it at all. It doesn’t serve him to do so. He wants advertisers, and you don’t get them, and keep them, limiting ad sales.

He got lucky debasing women from an app he RIPPED OFF. Now he’s god, to so many. Sadly, they are so blinded by his “success” and they can not see the ugly little man/child he was @Harvard, and still is. Humans get our moral fiber between 0 – 8, maybe up to 10 years old. He clearly didn’t get much moral guidance from his parents. And amoral people rarely change. They need a brick to the head, to ‘hit bottom,’ and ZUCKY ain’t fallin any time soon. Now, he’s guiding the world to disaster, to make money from advertisers, to keep FACEBOOK and INSTAGRAM going. (And this is what Millennials, and MBAs deem “success.”)

Now he’s on to #THREADS, to collect MORE DATA on you to SCREW YOU, this country, the world. Don’t let him! Don’t get on THREADS!

My hope, MARK ZUCKERBERG, is that you learn to THINK beyond yourself, and to ACT with kindness and empathy, instead of what you were obviously raised to be— mean, thoughtless, sexist, totally and completely self-interested. Your power was wielded by the wealth of your parentage, mere chance you were born into money—dumb luck, literally. Imagine how you and your wife, #PriscillaChan, would feel if YOUR DAUGHTERS, #Maxima and #August, were voted NOT HOT, deemed UGLY their first year at Harvard, as no doubt they’ll go there with the money you have made on the trillions of wasted hours all of us have spent on FACEBOOK and INSTAGRAM , and coming soon THREADS.

#DeleteFacebook

#DeleteInstagram

Tag: psychopaths

The 5% Factor in Finance