True Cost of Narcissism in the Debt Crisis

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Listened to the author Daniel Altman discussing on the radio the debt crisis and narcissism. There is likely not much new thinking here for many but the radio broadcast might be worth listening to and is featured here:

http://www.cbc.ca/q/episodes/

To link, click play on the July 26th, 2011 heading. This interview starts at 00:46 - 14:37.

He is also featured in an article posted within Newsweek, which I don't read, but came across this link:

_http://www.newsweek.com/2011/07/17/narcissism-is-on-the-rise-in-america.html

Abstract
United States of Narcissism said:
Psychologists have been tracking narcissism through surveys of American college students since the late 1970s, and levels of it—often measured as a lack of empathy—have never been higher, according to Sara Konrath, an assistant professor at the University of Michigan’s Research Center for Group Dynamics. “If you look at the levers in society, almost all of them are pushing us towards narcissism,” she says. These levers go beyond Twitter feeds and Facebook pages, which offer endless opportunities for self-admiration. They also include advertising that tells consumers “You’re worth it” and reality-TV shows that turn regular people against each other in a battle for celebrity.

Unfortunately, the notion that any American can become a superhuman success is increasingly a myth. In recent decades Americans have encountered far more inequality and far less social mobility than their parents. But narcissism leads these same Americans to reject redistributive tax systems, since they’re sure they will succeed and have little empathy for those who don’t. They prefer to receive tax breaks rather than investing in opportunities for future generations (although they may make exceptions for their families, who often fall within their narcissistic spheres of concern).

As narcissism gathers momentum, American lawmakers seem to be making matters worse. “Politicians tend to encourage these shortsighted, selfish trends by promising people they can enjoy a better life without having to make sacrifices for it,” says Roy Baumeister, a professor of psychology at Florida State University.

This rhetoric—that Americans can have everything without having to pay for it—dates back to the Reagan era, when an economist named Arthur Laffer suggested that lowering tax rates would result in more revenue by spurring spending among businesses and consumers. He was wrong, but it’s clear from the budget debate in Washington that people still believe him.
Some media outlets try to debunk political rhetoric, but it has also become easier for Americans to ignore them—as any narcissist tends to ignore feedback that challenges his self-image. “With the fragmentation of media and the Internet, people can more and more easily just expose themselves to information and perspectives that don’t challenge their existing views,” says George Loewenstein, a professor of economics and psychology at Carnegie Mellon University.

If social mobility continues to erode, and narcissism increases, the nation will someday face tremendous economic and psychic costs. Crushing debts left by the Me Generation will fall upon a country ill prepared for its economic future. At the same time, Americans will suffer a moment of epic disillusionment as their narcissistic balloons finally burst. The only hope, write Twenge and Campbell, is that the next generation of parents will raise their kids to see beyond themselves.
 
Curent-day events in the US have deep roots. The idea that "...the notion that any American can become a superhuman success is increasingly a myth" is a little skewed. It has always been a myth, one that is kept alive by actively reteaching it to each generation, through indoctrination under the guise of "education." This practice is as effective at demoralizing the "have nots" as at encouraging the "haves." The many people that have limited or no opportunity are "erased."

It is helpful to examine narcissism, of course, but this deeply pathological (US) culture has little knowledge or understanding of its history and roots, and many evils grow out of that.
 
Megan said:
[...] this deeply pathological (US) culture has little knowledge or understanding of its history and roots, and many evils grow out of that.

If one does not know history, then history will repeat. My paraphrase. To me this concept is true to the bone. History is written by the victors, is another. The last few generations have had nothing but slanted views and outright misinformation, if not lies taught to them and now... Now these adults are the majority of the population. Myself included. This new batch of children being indoctrinated, this new generation, when they grow up? I don't think I even want to be here. I'm having an emotional reaction while I wrote this.
:umm: :umm: :umm:
 

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