National mindset hard at work shaping country's future
We have finally forced a change from the days when our politicians had style over substance, writes Mitch Elliot
Published 10/04/2011 | 05:00
JOINT research by sociologists, group analysts, and psychoanalysts working together has shown that, in the collective unconscious, there are constellations not unlike those in the individual unconscious.
Reactions in the Irish body politic to the recent recession are no exception. In the individual descent from elation to depression (bipolar disorder) one often gets the following series: self-reproach; exaggeration of the problems, which seem insuperable; grandiose or "megalomaniac" fantasies; active self-attack; and a deep, underlying hatred seeking targets. One doesn't have to look far to document these processes in the Irish body politic over the last two years.
From a purely economic point of view, the recent recession could be described as follows. The international banking community, particularly in America, embarked on an experiment in laissez-faire banking: ease the regulations, and let market forces determine who wins. Modest but attractive prizes were offered to salesmen who sold the most mortgages, and quick-sale incentives were offered to the customers, so that the system drifted more and more into mortgages which were unlikely to be paid off.