Corporate Psychopaths

Bloomberg features an academic paper that blames psychopaths in the financial services industry for the financial crisis.

They “largely caused the crisis” because their “single- minded pursuit of their own self-enrichment and self- aggrandizement to the exclusion of all other considerations has led to an abandonment of the old-fashioned concept of noblesse oblige, equality, fairness, or of any real notion of corporate social responsibility.”

Sounds pretty much on target to me, except that you need to add in the politicians that share the same characteristics.

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