Narcissism in the Boardroom - Part II

Written by Sam Vaknin


The false self is a childish response to abuse and trauma. Abuse is not limited to sexual molestation or beatings. Smothering, doting, pampering, over-indulgence, treatingrepparttar child as an extension ofrepparttar 104965 parent, not respectingrepparttar 104966 child's boundaries, and burdeningrepparttar 104967 child with excessive expectations are also forms of abuse.

The child reacts by constructing false self that is possessed of everything it needs in order to prevail: unlimited and instantaneously available Harry Potter-like powers and wisdom. The false self, this Superman, is indifferent to abuse and punishment. This way,repparttar 104968 child's true self is shielded fromrepparttar 104969 toddler's harsh reality.

This artificial, maladaptive separation between a vulnerable (but not punishable) true self and a punishable (but invulnerable) false self is an effective mechanism. It isolatesrepparttar 104970 child fromrepparttar 104971 unjust, capricious, emotionally dangerous world that he occupies. But, atrepparttar 104972 same time, it fosters in him a false sense of "nothing can happen to me, because I am not here, I am not available to be punished, hence I am immune to punishment".

The comfort of false immunity is also yielded byrepparttar 104973 narcissist's sense of entitlement. In his grandiose delusions,repparttar 104974 narcissist is sui generis, a gift to humanity, a precious, fragile, object. Moreover,repparttar 104975 narcissist is convinced both that this uniqueness is immediately discernible - and that it gives him special rights. The narcissist feels that he is protected by some cosmological law pertaining to "endangered species".

He is convinced that his future contribution to others - his firm, his country, humanity - should and does exempt him fromrepparttar 104976 mundane: daily chores, boring jobs, recurrent tasks, personal exertion, orderly investment of resources and efforts, laws and regulations, social conventions, and so on.

The narcissist is entitled to a "special treatment": high living standards, constant and immediate catering to his needs,repparttar 104977 eradication of any friction withrepparttar 104978 humdrum andrepparttar 104979 routine, an all-engulfing absolution of his sins, fast track privileges (to higher education, or in his encounters with bureaucracies, for instance). Punishment, trustsrepparttar 104980 narcissist, is for ordinary people, where no great loss to humanity is involved.

Narcissists are possessed of inordinate abilities to charm, to convince, to seduce, and to persuade. Many of them are gifted orators and intellectually endowed. Many of them work in in politics,repparttar 104981 media, fashion, show business,repparttar 104982 arts, medicine, or business, and serve as religious leaders.

By virtue of their standing inrepparttar 104983 community, their charisma, or their ability to findrepparttar 104984 willing scapegoats, they do get exempted many times. Having recurrently "got away with it" - they develop a theory of personal immunity, founded upon some kind of societal and even cosmic "order" in which certain people are above punishment.

But there is a fourth, simpler, explanation. The narcissist lacks self-awareness. Divorced from his true self, unable to empathise (to understand what it is like to be someone else), unwilling to constrain his actions to cater torepparttar 104985 feelings and needs of others -repparttar 104986 narcissist is in a constant dreamlike state.

Torepparttar 104987 narcissist, his life is unreal, like watching an autonomously unfolding movie. The narcissist is a mere spectator, mildly interested, greatly entertained at times. He does not "own" his actions. He, therefore, cannot understand why he should be punished and when he is, he feels grossly wronged.

So convinced isrepparttar 104988 narcissist that he is destined to great things - that he refuses to accept setbacks, failures and punishments. He regards them as temporary, asrepparttar 104989 outcomes of someone else's errors, as part ofrepparttar 104990 future mythology of his rise to power/brilliance/wealth/ideal love, etc. Being punished is a diversion of his precious energy and resources fromrepparttar 104991 all-important task of fulfilling his mission in life.

The narcissist is pathologically envious of people and believes that they are equally envious of him. He is paranoid, on guard, ready to fend off an imminent attack. A punishment torepparttar 104992 narcissist is a major surprise and a nuisance but it also validates his suspicion that he is being persecuted. It proves to him that strong forces are arrayed against him.

He tells himself that people, envious of his achievements and humiliated by them, are out to get him. He constitutes a threat torepparttar 104993 accepted order. When required to pay for his misdeeds,repparttar 104994 narcissist is always disdainful and bitter and feels misunderstood by his inferiors.

Cooked books, corporate fraud, bendingrepparttar 104995 (GAAP or other) rules, sweeping problems underrepparttar 104996 carpet, over-promising, making grandiose claims (the "vision thing") - are hallmarks of a narcissist in action. When social cues and norms encourage such behaviour rather than inhibit it - in other words, when such behaviour elicits abundant narcissistic supply -repparttar 104997 pattern is reinforced and become entrenched and rigid. Even when circumstances change,repparttar 104998 narcissist finds it difficult to adapt, shed his routines, and replace them with new ones. He is trapped in his past success. He becomes a swindler.

OPEC's Swan Song?

Written by Sam Vaknin


Indonesia's Energy Minister, Purnomo Yusgiantoro, is unhappy withrepparttar modest production cut, from June 1, of 2 million barrels per day, adopted byrepparttar 104964 Organization of Petroleum Exporting Countries last week. He intends to demand further reductions atrepparttar 104965 June 11 get-together in Qatar.

The deal struck is so convoluted and loopholed that actual output declines may amount to no more than 600,000 bpd, assuming, miraculously, full compliance. Quotas were first raised beforerepparttar 104966 war to 27.4 million bpd - a theoretical level, not met by actual supply. Crude prices, entering a period of seasonal weakening, dropped further onrepparttar 104967 news.

With Nigerian and Venezuelan crude recovering from months of strife, this downtrend may be temporary. Global excess capacity is a mere 1 million bpd - one fifth its prewar level. As North American and North Sea production declines,repparttar 104968 importance of Gulf producers soars.

OPEC's eleven countries - Algeria, Indonesia, Iran, Iraq (suspended in 1990, following its invasion of Kuwait), Kuwait, Libya, Nigeria, Qatar, Saudi Arabia,repparttar 104969 United Arab Emirates and Venezuela - control one third to two fifths of global oil output and three quarters ofrepparttar 104970 far more important residual demand - traded between net consumers and net exporters. Residual demand is set to double by 2010.

Still, OPEC - led by Saudi Arabia, now offrepparttar 104971 US buddy list - faces fundamental problems that no tweaking can resolve. Iraq, inrepparttar 104972 throes of reconstruction and under America's thumb, may opt to exitrepparttar 104973 club it has founded in 1960 and, thus unfettered, floodrepparttar 104974 market with its 2.3 to 2.8 million bpd of oil. Iraqi production can reach 7-8 million bpd in six years, completely upsettingrepparttar 104975 carefully balanced market sharing agreements among OPEC members.

This nightmare may be years away, what with Iraq's dilapidated and much-looted infrastructure and vehement international wrangling over past and future contracts. Allrepparttar 104976 same, it looms menacing overrepparttar 104977 organization's future.

Far more ominous perils lurk in Russia,repparttar 104978 second largest oil producer and growing. Thoughrepparttar 104979 cheapest and most abundant reserves are still to be found inrepparttar 104980 Persian Gulf, Central Asia and Russia are catching up fast. Ali al-Naimi,repparttar 104981 Saudi oil minister may be forced out of office by this apparent crumbling ofrepparttar 104982 organization's stature.

This would be unwise. Naimi is widely credited with engineeringrepparttar 104983 tripling of oil prices to more than $30 a barrel between 1998 and 1999. Asrepparttar 104984 informal boss ofrepparttar 104985 state-owned Saudi oil behemoth, Aramco, he has already introduced postwar output cuts. The oil market is so volatile that even marginal production shifts affect prices disproportionately. Naimi is a master of such manipulation.

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