One problem here is that the word "sociopath" is a useless term except 
(perhaps) when used as a technical term in neuroscience. As a political term, 
it's garbage.

Carrol

-----Original Message-----
From: [email protected] 
[mailto:[email protected]] On Behalf Of raghu
Sent: Saturday, April 19, 2014 3:46 PM
To: Progressive Economics
Subject: Re: [Pen-l] Ants at the Piketty Picnic: What's Wrong with "Inequality"?

On Fri, Apr 18, 2014 at 6:23 PM, Eubulides <[email protected]> wrote:


        What do you think the Kochs and Waltons of the world are?
        

                If you are a billionaire, you are, by definition, a sociopath.
                

        ============

        I’d really like to see some *evidence* for this claim. Not just a bunch 
of strung together Ipse Dixit quotes by people who all simply declare that rich 
people are sociopaths, creating a surrealistic circuit of self-serving 
confirmation bias.




My main assertion here is that wealth (beyond a relatively modest threshold) is 
a purely positional good. If you accept that, it follows, pretty much by 
definition, that accumulation of wealth is a negative-sum game.

It is an ontological rather than an empirical assertion, and as such, I am not 
sure what kind of evidence it is possible to provide for it. To put it slightly 
differently, wealth is a claim on some scarce resource, which by definition 
excludes others from using that resource.

When you are very wealthy, you are making claims on resources that you cannot 
possibly use yourself, which means you are making claims for the sole purpose 
of denying other people the use of valuable resources. That seems to me the 
very essence of sociopathy.

That being said, there is some evidence that anti-social behavior is strongly 
correlated with affluence:
http://nymag.com/news/features/money-brain-2012-7/index4.html


-raghu.







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