ABSTRACT

There are a number of obvious villains in the corporate world to target for their blatant greed. Self-centered and entitled CEOs do not always act fraudulently. Indeed, the more sobering picture we encounter is the more "normal" greed of successful corporate leaders. This chapter explores, first, the problem of growing income disparities and the resulting social and economic problems. Then it focuses on the rise of a new class system. The chapter also looks to the likely future outcomes of these trends, including the formation of a new oligarchy that has ominous implications for our democratic institutions. This will take us into the realms of economics, politics, and finance. The disciplines that have been usually employed to grasp these developments are sociology, political science, and anthropology, not psychology and psychoanalysis. The rise of oligarchy helps to account for the continuing rise of income inequality.