In 1991, Representative Ed Pastor (D. AR) entered Congress with around $100,000 in savings and as much debt owed banks. Now he's a millionaire, one of 250 in Congress.
"(A)nd the wealth gap between lawmakers and their constituents appears to be growing quickly" as austerity cuts harm most Americans needing help during harder than ever hard times.
Since 2008, they've lost jobs, homes, personal savings, and futures. At the same time, congressional members are richer than ever. Perhaps never "has the divide (been) so wide, or the public contrast so stark, between lawmakers and those they represent."
The "corporate psychopaths" at the helm of our financial institutions are to blame [for the financial crisis].
Clive R. Boddy, most recently a professor at the Nottingham Business School at Nottingham Trent University, says psychopaths are the 1 percent of "people who, perhaps due to physical factors to do with abnormal brain connectivity and chemistry" lack a "conscience, have few emotions and display an inability to have any feelings, sympathy or empathy for other people."
As a result, Boddy argues in a recent issue of the Journal of Business Ethics, such people are "extraordinarily cold, much more calculating and ruthless towards others than most people are and therefore a menace to the companies they work for and to society."
How do people with such obvious personality flaws make it to the top of seemingly successful corporations? Boddy says psychopaths take advantage of the "relative chaotic nature of the modern corporation," including "rapid change, constant renewal" and high turnover of "key personnel." Such circumstances allow them to ascend through a combination of "charm" and "charisma," which makes "their behaviour invisible" and "makes them appear normal and even to be ideal leaders."