An interesting and idiosyncratic show from Tom Ashbrooke and the good people at On Point about the degree to which testosterone and the "winner effect" in Wall Street's male dominated environment played a role in causing the most severe financial meltdown since the Great Depression.
From On Point's site,
"When Wall Street goes to work in the morning, it is overwhelmingly men who pour onto the trading floors, men who slap on their headsets, fire up their flashing computer displays, and go to war.
Could that be part of the problem that sent Wall Street over a cliff and the U.S. economy into an epic tailspin? Maybe.
Wall Street loves testosterone, and testosterone loves risk. Even stampedes. New regulations are in the works. But some are saying maybe it’s endocrine diversity that the Street needs. A hormone rebalance."
This is the first time I've seen anyone look at this defintive occurrence from botha typological (male), sexual perspective and a third-person, physiological perspective. No hard conclusions are drawn in the course of the show even by those offering the theory, but it's worth your time all the same. If for no other reason than a lively discussion and giving you a break from the conventional wisdom about, "what happened".
