During a recent discussion of narcissism on the TV program “The View,” Rosie O’Donnell was told that the condition is “a mental disorder in which people have an inflated sense of self and their own importance and a deep need for admiration.” She replied, “That’s every celebrity I know, including me!”
That’s great candor from an entertaining lady. We might practice candor, too, by expanding our understanding of mental disorders to include the problem of greed. Both narcissism and greed produce personal and national self-sabotage.
Greed is a factor in the well-documented growing concentration of wealth in the United States. The super-rich claim to be deserving of their wealth, but it’s likely that greed—not wisdom, common sense, or concern about the common good—was a factor in the creation over the past decades of a “financialized” economy that unduly tilts the playing field in favor of those with the most capital to speculate.
Yet people don’t have to be rich to have the disorder; greed about money is all it takes. As a psychiatric diagnosis, it could be called the Great Gatsby Syndrome or, better yet, Wealth Accumulation Disorder.
Both narcissism and greed have their roots in profound self-doubt. Narcissism is self-aggrandizement of the emotional kind, while greed is self-aggrandizement of the materialistic kind. Narcissism (when it occurs as pervasive grandiosity) is listed as a mental disorder in psychiatry’s diagnostic manual. Why not greed? It should also be listed in the manual. [Read more…]