The little Hitlers of the corporation

From Nick Cohen’s extended piece on Trump and lies and the people who believe his lies:

No one in the west has seen Trump’s kind of triumph in politics since the age of the dictators. But look around your workplace and perhaps you won’t be so surprised by their victories. If you are unlucky, you will see an authoritarian standing over you. The radical economist Chris Dillow once wrote that, while the fall of communism discredited the centrally planned economy, the centrally planned corporation, with the autocratic leader who tolerated no dissent, not only survived 1989, but blossomed.

Dillow is not alone in worrying about the harm the little Hitlers of the corporation might bring. Since the crash, economists have looked as a matter of urgency at how hierarchies encourage petty tyrants to brag their way to the top. They exhibit all the symptoms of narcissistic personality disorder: a desire to dominate, overconfidence, a sense of entitlement, an inability to listen to others or allow others to speak and a passion for glory. If you want to know how they can win the votes of those around them, remember Fred Goodwin’s vainglorious decision to takeover ABN Amro. Perhaps the single worst decision in UK business history, whose consequences we are still paying for, was not opposed by a single member of the RBS board.

Narcissists in business are more likely to seek macho takeovers and less likely to engage in the hard work of innovating and creating profitable firms, the researchers found. They are more likely to cook the books to feed their cults of the personality and make, if not America, then themselves look great again. Academics from the University of California have asked the obvious question: why would rational companies let the fascism of the firm survive? Surely they ought to be protecting their businesses, as free market theory dictates, rather than allow dangerous and grasping men and women to risk their destruction.

They found what most of us instinctively know to be true: in the right circumstances, compulsive liars can create compulsive believers, as Trump has done. “Overconfident individuals attained status” because their peers believed the stories they told about themselves. It should not be a surprise that Donald Trump, Arron Banks and oligarchs backing the Russian and east European strongmen come from business. The age of the dictators never came to an end in the workplace.

We are all his Apprentices.

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