Comment by benreesman
6 months ago
Fortunes are just bigger now in both notional and absolute terms, inevitable with Gini going parabolic, says nothing about the guy on top this week.
Around the turn of the century a company called Enron collapsed in an accounting scandal so meteoric it also took down Arthur Anderson (there used to be be a Big Five). Bad, bad fraud, buncha made up figures, bunch of shady ties to the White House, the whole show.
Enron was helmed by Jeff Skilling, a man described as "incandescently brilliant" by his professors at Wharton. But it was a devious brilliance: it was an S-Tier aptitude for deception, grandiosity, and artful rationalization. This is chronicled in a book called The Smartest Guys in The Room if you want to read about it.
Right before that was the collapse of Long Term Capital Management: a firm so intellectually star studded the book about that is called When Genius Failed. They almost took the banking system with them.
The difference between then and now is that it took a smarter class of criminal to pull off a smaller heist with a much less patient public and much less erosion of institutions and norms. What would have been a front page scandal with prison time in 1995 is a Tuesday in 2025.
The new guys are dumber, not smarter: there aren't any cops chasing them.
"S-Tier aptitude for deception" is also known as intelligence.
I think you'll find a consensus among clinical psychiatrists that the closest technical term for the colloquial notion of someone who puts all of their INT into LIE is Cluster B.
I see no evidence that great mathematicians or scientists or genre-defining artists or other admired abd beloved intellectual luminaries with enduring legacies or the recipients of the highest honors for any of those things skew narcissistic or with severe empathy deficits or any of that.
Brilliant people seem to be drawn from roughly the same ethical and moral distribution as the general public.
To be clear, I didn't mean to imply that all intelligent people are s-tier deceivers, but rather only that all s-tier deceivers are intelligent. Going with your metaphor, in order to put all of your INT into LIE, you need to have something in your INT pool.
the parent asked for moronity OR fraud, kind of a low bar lol
The lesson here, and from pretty much any page of any history book you care to flip to, is that sooner or later there's a bill that comes due for advancing the worst people to the highest posts.
If you're not important to someone powerful, lying, cheating, stealing, and generally doing harm for personal profit will bring you to an unpleasant end right quick.
But the longer you can keep the con going, the bigger the bill: its an unserviceable debt. So Skilling and Meriwether were able to bring down whole companies, close offices across entire cities.
This is by no means the worst case though, because if your institutions fail to kick in? There's no ceiling, its like being short a stock in a squeeze.
You keep it going long enough, its your country, or your entire civilization.
You want the institutions to kick in before that.