Psychoanalyst Says Western Society Is Sick And Heading For Collapse…(‘Bout Time!)
Jun. 13, 2012
Western society has behaved neurotically for the past twenty years and needs to be cured.
Professor Mark Stein draws this conclusion in a psychoanalysis of the financial crisis (via Steve Keen).
Symptoms of denial, omnipotence, triumphalism and over-activity were manifest in reaction to a series of crises—the fall of the Soviet Union, the Japanese and the Asian/LTCM crises—when the West did not respond with caution but instead by increasing risk:
I suggest that these ruptures caused considerable anxiety among these leaders, but that, rather than heeding the lessons of these crises, such leaders responded by manic, omnipotent and triumphant attempts to prove the superiority of their economies in relation to the vulnerabilities thrown up by these ruptures.