“Econocide”: The Most Depressing Meme Of The Recession
Words are being created to articulate the terror known as the economy, as some American psychologists have coined the not-at-all sensational term ECONOCIDE to describe crunch-induced taking of one’s life. Yes, just as Russia Today asserted, “the economy is literally killing people”.
The economy is not a mob of zombies that is actually going about eating peoples brains, but the downturn has been associated with some very high profile suicides. They may not be a synchronized diving of suited businessmen from skyscraper windows, but there have been a series of deaths likely related to the economy.
On these pages we’ve seen Patrick Rocca, who put a gun to his head in his home after losing nearly £500m; German industrialist Adolf Merckle who threw himself under a train after a short position on VW ended badly; and French financier Rene-Thierry Magnon de la Villehuchet who stabbed himself after losing big with Madoff. Add to them Chicago real estate mogul Steven Good and London-based financier Kirk Stephenson and you’ve got yourself a certified cultural meme.
Jonathan Alpert, a Manhattan psychotherapist, says: “The identity of these people is so tied into their career that when it’s gone they don’t know who they are any more. These are high achievers, high earners, ‘Alpha Male’ types who have a good education, a good career, a high standard of living and suddenly it disappears on them and they have to re-evaluate everything.”
So if you’re used to the good life, it can be impossible to leave behind. Princess Luciana Pignatelli washed down a bottle of sleeping pills with gin at the age of seventy because she had lost what she believed to be most important: her money and looks. The author of The Beautiful People’s Beauty Book told friends “I can’t face being old and poor”, after learning all of her investments were worthless.
Unfortunately the money troubles faced by the incredibly rich can end up trickling down and affecting the more average person. Last month Major William Foxton, 65, scribbled a suicide note, marched to a park bench near his home and put a pistol to his head after he lost up to £1million to the Madoff fraud. ”People think econocide is a problem on Wall Street but it is also affecting people on Main Street, ordinary families who have lost their homes, their jobs, their savings,” says Dr Leslie Seppinni.
Dr Alan Berman of the American Association of Suicidology warns of the dire econocide-filled future we may face: “If the current recession lasts as long as the experts are predicting we expect we will see something parallel to the Great Depression. During the Great Depression, suicide rose by more than 50%, to 17.5 per 100,000 of the population.”
On a side note, the 1930s had its own suicide anthem in the form of “Gloomy Sunday”, said to be responsible for hundreds of deaths. But the noughties has gone one better, and we’ve got an actual band called Econocide, playing bedroom grindcore so awful that ending it all seems like the only method of truly cleansing your ears of the sonic memory.
All of this doom, gloom and econocide talk is absolutely depressing and inflated when lumped together like this, but at the moment these cases are rare. While the billionaires’ shame at not being able to provide for their employees can easily be replicated in an average family situation, let’s hope ordinary people maintain perspective. Just don’t listen to Econocide and you should be fine.
Tags: Adolf Merckle, bad idea, econocide, Gloomy Sunday, Kirk Stephenson, Luciana Pignatelli, Major William Foxton, Patrick Rocca, recession, Rene-Thierry Magon de la Villehuchet, Steven Good, suicide, Trista Orchard
Posted by Trista Orchard in Hot Money | March 12, 2009 2:17PM |
