Disciplined Minds

It was interesting to read this article in the Financial Times Few traders are likely to be deterred by verdict on Tom Hayes. I then went on to read The Libor Trial in 10 Quotes. It seems that Hayes and his companions did not in any way question what they were doing, let alone the ethics of their actions. I suppose many have thought/known this for some time, yet no matter the catastrophic costs of the 2008 Financial Crash to the majority of the world’s population; the continuous stream of banking scandals; exposure of massive tax evasion and money laundering by the “so-called” elite, they appear to be untouchable. What is most disturbing is that not only do they appear to be untouchable, they themselves believe they are untouchable. They have been gently indoctrinated; not by the  Mao Red Book or Programme and Rules of the Party; this has been a subtle process that has encouraged these people to believe that “they are doing the right thing”. This trial really is another glaring example of Disciplined Minds as described in Jeff Schmidt’s book of the same name. It seems that a large segment of the “professional class” do not question the ethics of what they do because it is they believe it is the accepted way of going about their work. Many would not have thought they were taught this in university or college but somewhere along the line “the fine-tuning of their brains” has happened. Certainly one “level up” from the professional classes; the so-called untouchable elite; the heads of banks, certain business leaders, celebrities, oligarchs etc. seem to have no qualms about their behaviour. In most cases they will never face prosecution because the “law is fuzzy”; they are happy to let some from the professional “disciplined mind” class take the blame. And of course, the general public will be happy to see that justice is being done whilst the main perpetrators enjoy cocktails in their club or a Pimms whilst watching cricket.