Harvard Business School Has No Clothes.

I have a little epiphany for you. One that hit me as I was driving across multiple states recently, observing our world.

It's summed up in a blindingly oblivious "Op-Ed" piece, in today's New York Times. From the author's blurb:

"William D. Cohan, a former investigative reporter in Raleigh, N.C., writes on alternate Fridays about Wall Street and Main Street. He worked on Wall Street as a senior mergers and acquisitions banker for 15 years. He also worked for two years at GE Capital. He is the author of 'House of Cards: A Tale of Hubris and Wretched Excess on Wall Street' "

In his piece entitled "The Elizabeth Warren Fallacy", Mr Cohan asks (and he's serious) "Why create an expensive bureaucracy to “protect” consumers from their own stupid decisions?"

The mind boggles. Mine does, anyway, and mine is not all that easily boggled. And this is from an author who writes elsewhere about wretched behavior on Wall Street.

Literally going back to the Code of Hammurabi, the very existence of all law is justified by the fact that, yes, innocent persons need to be protected from predatory humans.

But here, a scion of the Business World, slickly suggests that sheep exist to be sheared, and that this is how the world works. This is what they teach MBAs, these days. Any means to a profit - not specifically forbidden by law or (silly) regulations- is entirely fair. Reap all you can, before the regulators catch on.

Which behavior has put our culture where it is- virtually all the "real" capital in the "real" economy has been skimmed off, via slick marketing of easy credit - e.g.;

"

Borrow $10,000 on your credit card today! Just use this EasyCheck {Same as cash!} - And for this Special Limited Time Offer, this loan will be at only 1.99% until paid off!"

(Until you sneeze, then it goes into the default rate of 30%...)

With the real capital sucked out of the Real Economy into the bizarre fantasy world of The Financial Sector (which owes itself trillions of dollars more than actually exist anywhere) - we're broke. And breaking further. All of us.

In my opinion, the best, most solid economic statistic available is the rate at which CEOs and top corporate executives buy and sell their own stock in their own companies. Through a grotesque oversight, this is public information. At the moment, those who know the most about their own futures are selling their own stocks at a rate of 1,400 to 1.

No, that's not good.

The epiphany?

Gradually, over the years, our societally accepted definition of "business" has changed.

It used to be; and we still teach our children, that "business" happens when: you have a need; I fill it; you pay me for my work; and we both benefit.

Now what we teach our MBAs is, if there is no need; create one; and if you can trick your opponent out of an extra penny, good for you. Mutual benefit, in fact, is literally no longer in the definition.

What you have there- is precisely - the definition of sociopathy.

We teach Sociopathy as "Business". We really, really, really do.

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There are multiple sites on the web that deal with definitions of sociopath, and lists of character traits. They don't all agree, but take a look; and compare the traits to those flaunted by "business" professionals.

(If you're a movie fan, take a look at Gordon Gekko this way.)

For the last many decades, the business world has very effectively insinuated huge respect for themselves into every aspect of our culture. All good things flow from business; without it, we will all perish. There you have a truth beyond examination. To question it, even, is punishable. The metaphors quickly reach to religious dogma; heresy; and excommunication.

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Maybe you already knew this. I've always known there were slimy characters here and there; but it was a new idea, hitting me with force, that we actually accept, and teach, a group of behaviors and attitudes we also recognize as incredibly destructive and dangerous. Genuinely pathological. Sick.

Try saying "Harvard School Of Sociopathy" a few times; see how it fits.

Today; it's to the point where a respected writer can suggest, in a respected forum, that stupid people deserve to be tricked, and "we" should waste no money to save them. (Never mind that the public will then, provably, pay for their prisons, hospitals and funerals, and sociopathic children.)

What happened to the idea that business should not involve traps and tricks, in the first place?

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Manifestly, The American Way Of Business now thrives - survives- on tricks and traps. The entire model is sociopathic. And is run by trained sociopaths.

Spread the word. So far, sociopath is still a label most would like to avoid. It's a very bad thing to call someone. A very hard word. Maybe it needs to be spray-painted all over Wall Street.