Extreme wealth literally damages a person's brain's ability to understand other people.
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Why Billionaires Are The Worst People To Learn From
Barry's Economics
Related Claims
Extreme wealth makes structural change seem dangerous to wealthy individuals because the current system has worked for them.
If individuals live in halls of power and primarily know people with ample resources or power, their view becomes blinkered in a specific, repeatable, scientific way.
Across dozens of experiments, Dacher Keltner and his colleagues found that when people felt powerful, they became worse at reading other people's emotions and imagining life from someone else's point of view.
The psychological mechanisms that help someone accumulate extreme wealth, such as confidence, risk tolerance, or self-belief, are the same mechanisms that destroy their ability to understand how life works for everyone else.
Human perception operating under conditions of extreme wealth or power creates predictable distortions.