Wealth disparity continues to grow in developed nations. By next year, as Oxfam reported this month, the richest one percent will likely control half the world’s total wealth. This disparity is happening, in part, because money, when used neurotically, is overrated, desperately accumulated, and recklessly dissipated.
In developed nations, all economic, political, and social dysfunction is, to a significant degree, a symptom of the extent of the population’s neurosis. This collective neurosis—the accumulated weight of unresolved negative emotions and self-defeating tendencies—is a massive burden on human destiny.
Both the rich and the poor have a role in this wealth-distribution problem. Let start by considering a factor that’s at play in the psyche of many rich people, particularly those who are lacking in empathy and generosity. It’s obviously self-defeating to be lacking these qualities. This insensitivity hinders the development of one’s own goodness and consciousness, and it blocks an individual from experiencing greater life satisfaction and any sense of higher purpose or destiny. In other words, self-aggrandizement invariably contaminates one’s moral life. Researchers have been finding in dozens of studies that a person’s feelings of compassion and empathy go down—and feelings of entitlement and self-interest increase—as his or her wealth increases. [Read more…]