Financial Psycho

With all my experience in banking world there is question arising, why poeple in financial area, be it banking or any other institutions, tend to have a psychological problem. They tend to be authoritative, undemocratic, suspicious, and other negative attitudes. If these attitudes come as the result of financial practice and experience, than it is understandable, because financial practices are like military which should be executed safely and smoothly. But if they come from people who exercise the power of regulation and supervision of the financial industry then these are just a bureaucrate style, a worst kind of management in the world. Like a proverb says, power tends to corrupt and absolute power then corrupts absolutely.

People who sit in a certain position in financial industry will have emperor-like psychological condition. In other parts of the world they are worse. The greedy character, quoted at least by Stiglitz and Ormerod make them like having megalomania, big power. Those who are not in their way are considered as the foe. Their subordinates should be in place like those toys which can be played any time they want. They determine what are important for their subordinates eventhough those subordinates are brighter than their own bosses. This black side of management is really frightening and thrilling: stupid people lead the bright one just because they have more power and earlier recruited by the organization.

Wallahu A'lam


Allaaahumma asyghiliz zhaalimin biz zhaalimin