banks

Blaming the bankers? Understanding mass perceptions and mass emotions

This article is not primarily about economics. It is meant to be more philosophical, but philosophical in a sense that has political and economic implications for action. As the markets plunge and economic turmoil engulfs the global economy I've noticed that amid the many interpretations, there are quite different attitudes to what is going on in regard to the propensity to explain or to blame. I have described these two attitudes perhaps in an exaggerated form to bring out their differences.