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Is greed an inherently destructive part of the human condition that must be controlled and regulated by external constraints, or are the destructive aspects of greed more the function of the pathology of the individual and culture? If the latter is the case then psychoanalysis and particularly Kleinian theory of mind have much to offer. From this point of view, experiences of deprivation give rise to envy and greedy sadistic fantasies that are projected, resulting in persecutory anxiety that is defended against by splitting and fantasies of omnipotent power over others, seen as part objects to be exploited and controlled. These dynamics describe the essential elements of the unconscious fantasies and defenses of the psychopathic personalities often found behind the financial scandals. The notorious Bernie Madoff is an example, as is the fictional character Gordon Gekko in the 1987 movie Wall Street. The psychoanalytic description of the dynamics of destructive greed and envy provides a basis for differentiating good greed from bad greed.
This article was published in the following journal.
Name: American journal of psychoanalysis
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The release of ideas, thoughts, and repressed material from the unconscious, accompanied by an emotional response and relief. (From Dorland, 28th ed)
A series of thoughts, images, or emotions occurring during sleep which are dissociated from the usual stream of consciousness of the waking state.
Short popular sayings effectively expressing or astutely professing general truths or useful thoughts. (From Random House Unabridged Dictionary, 2d ed, p97, p1556)
Subjective feeling of having committed an error, offense or sin; unpleasant feeling of self-criticism. These result from acts, impulses, or thoughts contrary to one's personal conscience.
A theoretical psychoanalytical system centered around symbols of the unconscious with the unconscious material derived from two sources - the personal unconscious (repressed or forgotten experiences, thoughts and feelings) and the collective or objective unconscious (the universal inherited qualities which dispose individuals to behave in ways similar to their ancestors).
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