The 5 Weirdest Things That Control the Global Economy
The global economy is an insanely complex system of labor, money and goods all governed by laws to keep each facet in check. So it'd be pretty depressing if researchers discovered that the whole thing was actually the end result of a bunch of seemingly random bullshit, wouldn't it?
Answer: Yes it would be, and they did.
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It's widely believed that fraudulent practices like mortgage underwriting and predatory lending were some of the main causes of the 2000s credit crunch, which raises some terrifying concerns: If the state of the economy is so dependent on a handful of people promising not to be greedy, what's really stopping the economy from collapsing all over again as soon as those assholes decide more is better? Surprisingly, it might be their belief in hell.
The Federal Reserve Bank of St. Louis and Harvard researchers both independently studied the correlation between believing in hell and economic development. Each analyzed years of data from dozens of countries, and in each case the results were the same: The more a population believes in hell, the less corrupt and more prosperous their country's economy is.

"I hate it when naked men try to swamp my boat. No more insider trading!"
Interestingly, believing in God alone didn't cut it. It's explicitly the fear of eternal damnation that ultimately scares us into not being such gaping assholes and working earnestly toward a brighter future for everyone.
Of course, nothing is actually stopping you from being a decent, hardworking banker or whatever without believing in hell. The problem is that when you look at the big picture, it simply isn't in our nature to give a fuck about more than a handful of people or their money.
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"That whole Enron scandal won me enough new souls to build a whole porch out of shinbones."
So it takes the threat of being boiled alive in their own urine to make a few corporate heads stop and rethink their strategy of embezzling and Ponzi schemes. Which starts to make a lot more sense given that so many CEOs are ...
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It takes a lot to be a corporate CEO, knowing that each decision you make can affect thousands of people and the economies of dozens of nations. It means emotionally distancing yourself from the lives you potentially ruin and taking advantage of other people's misfortune, all while stating with a straight face that you have their best interest at heart.
Luckily there already is a name for it: psychopathy.
Some experts say a staggering number of corporate heads suffer from this condition, or more realistically, enjoy every damn second of it.
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"Johnson, get me that report by 5 or I'll kill you! Seriously, I will."
That was the findings of author Ron Jonson, in his book "The Psychopath Test." He put the ratio of psychopaths among CEOs four times higher than among the general population. He wasn't the first to notice it either (see: every office worker ever). As early as 2004, Professor Robert Hare -- an expert on psychopaths and author of the Psychopathy Checklist -- warned that the psychopaths' manipulative nature and superficial charm made it very easy for them to reach high-power corporate positions. It's actually been suggested that business powerhouse Henry Ford was a psychopath (who not only famously spread conspiracy theories about the Jews, but also spied on his employees and forced the secretary he was banging to marry his chauffeur as a cover up).

Henry Ford and Thomas Edison, at the 1929 annual Gigantic Asshole's conference.
Professor Hare has actually noticed clear psychopathic patterns in the behavior of the executives at Enron and WorldCom, where executives plunged ahead with destructive and clearly unsustainable practices, unable to make any kind of sane connection between the actions and their consequences. They just blindly plowed ahead, in that way that only the truly crazy can.
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Suddenly, Windows Phone 7 makes sense.
Fortunately, most psychopaths don't last forever in a corporate environment, because when things go wrong they tend to throw fits, blame others and ultimately just abandon ship. And then, presumably, an equally dangerously unhealthy person takes their place.
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And that's how dolphins end up covered in oil.
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When we say the weather affects the economy, you figure we're talking about a drought or tsunami wiping out some nation's most valuable crop at harvest time. But it turns out that perfectly nice days can have just as big an impact on the world market.
Studies show that the stock market does better on sunny days than on cloudy days. And we're not talking about one particular month, when maybe it was just a weird coincidence -- researchers looked at data from 26 countries across 15 freaking years. And what they found was that stocks are the opposite of vampires.
It seems to be a solely psychological effect, with the sun putting the investors in a good mood, making them more likely to try new things, take more financial risks and maybe even ask out Debbie from human resources.
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The sun: The tequila of Wall Street.
Well ... that sort of makes sense. Now try to figure this one out:
According to a study from the Harvard Business Review, for a period of 15 days around a new moon, stock market returns are twice as high as those during the rest of the month. So as we approach a full moon, stock prices drop. It may seem like a coincidence but, again, this is not a minor amount of data here: the researchers analyzed 30 years of market data from 25 countries, even going as far back as 100 years with U.S. stock indexes. So stocks are also the opposite of werewolves.
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That, or stock brokers are all werewolves who get distracted as "the change" approaches.
Financial executives insist that observing a giant space rock is no substitute for conventional market analysis because the system is certainly more complicated and also because no one wants to believe that such a complex job could be done by a random asshole with a calendar. Still, it's refreshing to think that maybe it's not OUR fault for sinking our life savings into that Vietnamese company that makes breast implants for dogs. The moon made us do it.
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Look at that flat-chested dog. How could these not take off?








The New Moon bit totally makes sense. I've noticed that I sleep better around new moon, which would likely put me in a better mood. If I was an investor it might be the equivalent of a sunnier day!
ReplyThe Yakuza sound more legit than some of our legit businesses
ReplyI think you said "psychopath" when you meant "sociopath". It's a small distinction, but hugely important: sociopaths are generally less violent.
ReplyActually neither of these are commonly used by mental health professionals these day. The usually refer to both as Dissociative Personality Disorder.
A sociopath dislikes people and show anti-social behavior. CEO's wouldn't get where they are if they were, therefore they're more under the distinction of psychopath. Psychopaths are charming, seemingly normal people who can't feel empathy. They are physically incapable of caring about how they effect others, violent or otherwise. They can only care for themselves and usually gain nothing from helping others unless it mostly benefits them. It's a mental disease that really should be addressed. Those types of people are dangerous, not to mention some of them feel suicidal and depressed because they know they're different. Not all are dangerous, but it's easy for them to become so and not care at all about anything. CEO's fit this VERY well, it's why companies are mostly corrupt. Literally psycho people own and run them at the top, also contributing to our economy and the s**t we have to put up with. I think to get a high position in anything people should be tested for the dangerous mental issues.
Japan's debt is actually higher than our own and will be around 130% higher than ours by 2015. Money is so non existent and no one has really noticed.
ReplyThere's no such thing as selflessness: even the people who help other people are just trying to avoid the punishment of not doing it.
ReplyYou are correct in saying no one is selfless. Everything anyone does is selfish, however it's not repercussions that make them want to help people, it's that they generally enjoy other peoples happiness and it makes them happy. It's still a selfish motivation at it's base, but this one is beneficial for both parties.
Why are those people cleaning oil off of plastic blow-up animals?!?!?
ReplyPractice for the real thing?
So are the Yakuza tattooed Japanese exhibitionist gangsters? Anyone else confused about this?
Replynot exhibitionists i dont think, they just take pride in their tattoos and like to show them off....imo
Being tattooed = being a gangster for a lot of Japanese folks, especially the older/more traditional generations*. So on one hand, showing everyone your tattoos shows everyone that you're a badass bright as day. On the other, having tattoo 'suits' that are easy to cover means you can blend in when you choose to. Pretty much every criminal organization ever does it in some form or another. (Like, these guys being in their underpants is roughly the equivalent of the Hell's Angels putting on their colors/vests and riding down the highway.)
*just as an example, I'm heavily tattooed but kept it from my family for many years for exactly this reason. My old-school Japanese grandmother's first word when she found out was literally, "Yakuza?!"
Number 5 (the first story) doesn't make any sense. I'm from Pakistan, a country in which 99% of the population believes in heaven and hell. However, it is extremely corrupt (something publicly and even gleefully acknowledged by many politicians). The country's citizens are extremely poor and as result, uneducated. Contrary to that study, I think it's not a belief in hell but level of education that determines how well a country will do overall.
ReplyIts is actually more to do with fear of going to hell than a simple belief in it.
Good thing we have Kiryu Kazuma as chairman of the Tojo Clan then
ReplyI met a Yakuza guy once in a park my then Japanese girlfriend was terrified but he was awesome, he just wanted to buy me beer and talk about tattoos.
ReplyWait, she's not Japanese anymore?
Skeleton, I think she's turning Japanese turning Japanese I really think so.
Eh... the stock market it is not the whole economy
ReplyDominic please check your e-mail.
Replyfor a period of 15 days around a new moon
Replythat would be always.
I think he meant 15 days, with the new moon in the middle - as opposed 15 days on either side of the new moon, which would, as you say, be pretty much always.
Of course, it's so obvious now... the world economy is run by vampires and werewolves, and they're keeping it down on purpose...
ReplyIn number 2, is that lady cleaning oil off an inflatable dolphin pool toy?
ReplyIt wouldn't be a very effective way of protesting if you did exactly that what you are protesting against. Therefor, these young ladies indeed use inflatable animals to show how much they f*****g hate B.P. ;)
Yep, using a plastic toy made from petroleum products covered in petroleum products to protest a petroleum company makes absolutely perfect sense to me too.
The first one...Really makes me think. It is amazing what God can do, even in people who refuse to believe in him.
Reply Hide All See All 5 Replies"Interestingly, believing in God alone didn't cut it. It's explicitly the fear of eternal damnation that ultimately scares us into not being such gaping assholes and working earnestly toward a brighter future for everyone."
So, not so much God... Satan is more like it.
Which brings up the interesting fact that punishment seems to trump reward in the human thought process. Until the day we hit an actual Uptopia, that will be the deciding factor in just about everything.
Punishment probably works for some and possibly even most people. But remember that human behavior fits on a bell curve and there are outliers. I work with violent and aggressive students. You can hand out consequences and take away stuff all day. It absolutely does not matter. They will stab you to show you that they don't care.
I'm finding rewards work better. Finish your math and you can have your recess and that sort of thing. In my experience the population I work with responds better to incentives. Economics is a powerful science.
@Craig: That's the difference in authroitarian vs authoritative leadership; in one, you punish. In another, you give negative reinforcement (i.e. the removal of a negative consequence; not going to recess, for instance.) Negative reinforcement has been found to be more effective than both punishmen and positive reinforcement (giving something; normally called "reward") in studies.
@Invisible_Link That might also mean negative reinforcement teaches people the importance of social homeostasis: either you earn it or you don't, since everything you have is a product of society's complex system, not out of thin air.
Well hey, I guess that also means SureThing does have a point: until true utopia is reached, complex manipulation of reward/punishment system is the driving force, whether it is for the better of all or not. Everything is not simple, and any attempt to simplify things might make it worse most of the time like David Wong said years ago.
Japan has the Yakuza. The U.S. has Goldman Sachs.
ReplyI think two Goldman Sachs hanging from the proud and powerful Yakuza would be able to pretty much f**k the entire world.
We have gangsters, too... we just call them CEOs.
ReplyI don't know, the Yakuza don't seem as psychopathic
Or Crips and Blood.
The author of "The Psychopath Test" is Jon Ronson, not Ron Jonson. It's a fantastic book.
Reply Hide All See All 4 RepliesI'm wondering if they did that to see if anyone was paying attention.
Darth_Chimay, you won the competition. Your gift is... this free jar of air.
Is this guy any relation of Swan Ronson?
That guy who wrote "The Men Who Stare at Goats"? Huh.
Garfield = miserable cat. lol, I never thought of it that way, but it's true.
Reply"Even the rape-tentacles are underemployed."
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