Psychoeconomics: globalization, markets, crisis. Николай Игнатьевич Конюхов

      This synchronization most of all concerns those who buy stock or material assets. If the profit from such purchases becomes an important source of the existence of the entire country, then the culture, the entire country will move toward the culture of the financial establishment, toward hysteroid values.

      If material production brings the main profit for now, then in a given country two cultures will form and co-exist. One among those people whose profit is derived primarily in the world financial market. This will be a circle of people oriented toward the culture of the world financial establishment. But at the same time there will exist in this country some portion of the elite, the economically active population, that is oriented toward the culture of the resonators, the organizers of actual production, to the culture of working people.

      Meanwhile, the two cultures will co-exist in the leading countries of the world. One is oriented to the culture of the leading country (countries) of the world. It is accepted to call its representatives in national business the “comprador bourgeoisie.” Meanwhile it is common to call members of the business elite who are oriented toward the internal economy the “national bourgeoisie.” They form a distinct culture.

      And this is not just values and behavior, this is culture in the broadest sense of the word – culture of production and trade, material and spiritual culture.

      But if this is so, then the psychoeconomic processes that were observed in the US in relation to the occurrence of the psychoeconomic crisis should be reflected in the statistical data on the development of the world economy, both of individual countries and of the world as a whole, if it is on the path of copying the culture of the leading country.

      This is true. Debt is increasing in most of the world’s countries that copy the economic relations of the US. The growth of debt for most countries in relation to the entire GDP and the psychoeconomic principles that derive from it are of the same type.

      The similarity of the trend of many of the economic processes in the US, with world psychoeconomic processes merely suggests that they have a common determinant. We daresay that it is generally related to the psychotype of the economically active population and the agents of economic activity. Informed by the passions of the social motivators with hysteroid traits, they think about maximizing their profits with a tactical plan, that is, obtaining income here and now, with little foresight into strategic consequences.

      Thus, extremely high prices for housing caused homeowner debt to grow, and the demand for housing dwindled for many years. Extreme prices for supplied goods led to the debt of governments and corporations and this began to disrupt the world economic order…The same people who made decisions on a massive scale about the growth of prices of delivered goods, raw materials, and services, they “hiked up” prices so that to purchase such goods became unprofitable or unjustifiably expensive… And this leads to the growth of debt of countries, corporations, households, to their destruction, to the fall in the profit of those corporations that purchase more through international trade than they sell. Thus, Japan, distinguished by the diligence and high level of professionalism of its workers, suddenly became a large international debtor at the beginning of the second decade of the twenty-first century.

      Many of the charts that reflect various economic processes, but which have a psychological constituent, seem to agree.

      This also affects the growth of debt. The economic bases of Reaganomics – the growth of debt while curtailing the cost of credit – began to show up in all countries that copied the culture of the leading country of economic development.

      Thus, globalization led to synchronization of many economic and psychoeconomic processes and phenomena, to the leveling in the price of raw materials, goods and services throughout the world. This found not only a factual, but also a legal implementation. The requirements of the WTO are the same for its members and boil down to establishing world prices for raw materials worldwide. But this leads to strengthening the influence on the effectiveness of national economies of those factors that can’t be measured, weighed or made an object of negotiation. One of these most important factors is professionalism, the psychophysiological mechanisms of people in behaving and triggering nervous impulses. People’s psychophysiological, psychological, and intellectual patterns exert a significant influence on the growth of workforce productivity and on the social division of labor.

      But on the whole, globalization creates the conditions for leveling of prices for basic goods and services, for forming a uniform culture, both material and spiritual. From the rules of the financial market to the latest fashion trends.

      With relatively uniform prices for raw materials and services, the quality of the workforce, its main value, becomes an increasingly decisive factor in the higher rates of development. Countries where historically there were the advantages in the quality of the workforce make breakthroughs in economic development more and more frequently. But this quality oscillates, the psychotypes change cyclically. This cyclicity serves as one of the primary causes of the cyclicity in the change of the role and significance of countries in the world economic development. And these cycles are related to cycles of solar activity.

      The tendency of synchronization of psychoeconomic phenomena to a crucial degree depends on the growth of the social division of labor.

      Thus, globalization has not so far led to uniform changes of the psychotypes of the population of various countries. But here such a unified psychotype began to form in the agents of economic activity who are preoccupied with financial operations.

      By virtue of this, in the future, depending on the specified factors, countries will co-exist whose elite is mainly oriented toward the culture of the elite of the country or group of countries that are the leaders of financial operations. This is the economic basis for the increase in these countries in the number of people who are supporters of the compradore bourgeoisie. And here the population of some countries will follow their own path and unify around the national bourgeoisie.

      Hence, in these countries the battle between the part of the elite that is oriented toward the compradore bourgeoisie and that part that is oriented toward the national bourgeoisie will grow. And we know from history that the beginning of the fight within the elite leads to the growth of a social struggle, to protest actions of the populace. And in the conditions of globalization, such a struggle will increase the growth of the social division of labor.