Sanity is madness put to good use. – George Santayana
It’s been a wild ride for my family and me over the last couple of weeks, and I want to thank everyone for their supportive emails. I’ve gotten some time to catch up on the news while I’ve been sick. There’s a lot stuff going on out there in the world. Some of it is really getting nasty. The World Health Organization said that the economic upheaval would push people to the brink, but I never thought that its impact on people’s mental health would reach so far up the economic food chain.
I’m really amazed by all the high profile suicides that are hitting the headlines. This is scary stuff. The first suicide that grabbed my attention involved the death of French investment manager Rene-Thierry Magon de la Villehuchet. He was found sitting at his desk with both wrists slashed after Bernard Madoff swindled him out of $1.4 billion. Then German billionaire Adolf Merckle committed suicide. The pharmaceutical mogul jumped in front of a train in the darkness near his villa in the southern town of Blaubeuren. He killed himself because his business empire was falling apart.
Every suicide is tragic, so what draws our attention to the news when someone who is rich and famous commits suicide? I think it’s because people believe that the rich are different from the rest of us. They aren’t. People commit suicide because of loss, and the wealthy have their own set of problems. Of course they aren’t going to end up sleeping on a park bench and eating out of a garbage can, but their life can stink just as bad as anyone else’s. People are losing their homes, their jobs, and everything they’ve worked for all of their lives. Even the rich and famous are under siege. I think that we’re going to read about more billionaires killing themselves before this economic tailspin is all over. The real shame is that we are never going to hear about the little guys that couldn’t take it anymore.
There has been a lot of chatter in the blogosphere about medical bloggers and HIPAA regulations so let me make this very clear: I write composite stories about many different people that I've cared for over the years.
Genevieve
January 8th, 2009 at 11:35 pm
It’s awful, a friend of mine who was a blogger just committed suicide, it really shook us up.
As far as the rich and famous, it’s haunting because it’s so reminiscent of the first Depression era we went through as a country. Scary that we may indeed enter into another, this time much worse.
SmalltownRN
January 9th, 2009 at 1:29 pm
It is all very scary…and it is good to bring the mental health issues to light….we need to be supporting each other…these are very bad economic times..and yes like Genevieve said…looks like we are heading for a Depression and we all know what happend then.
Thanks for the reminder…and lets try and be there for each other…..
Mr Ian
January 9th, 2009 at 11:22 pm
We never did hear about the little guys. And I suspect there has been no increase in ‘high profile’ suicides. There has just been a higher incidence of reporting. It’s media trying to be clever – but really, killing yourself for being swindled out of $1.4bn – is not about economic recession – it’s about feeling inadequate – and losing $1.4bn at the same time.
The myth of (inter)national economic depression leading to ‘wealthy’ or banker/broker suicide was busted by Galbraith some time back in 1955. There was a steady increase at the time and the increase in “Wall St” related suicide was nominal.
There’s a balanced uk article here that mentions the study:
http://www.telegraph.co.uk/finance/breakingviewscom/4158085/Adolf-Merckle-suicide-gives-crisis-grim-defining-moment.html
Galbraith’s book:
http://www.amazon.co.uk/Great-Crash-1929-Penguin-business/dp/0140136096
btw: Hi Mother – been lurking here waiting for an opportunity to pounce
Drofen
January 10th, 2009 at 12:22 am
It always takes my breath away when I hear that someone chooses to end their own life. What kind of place do you have to be that that seems like the best option…
Mother Jones, RN
January 10th, 2009 at 9:59 am
Hi Mr. Ian:
Glad you made yourself at home and started commenting on the blog. I think the rich kill themselves because they lose face. Losing money is one thing, but losing power is something else, especially when you have been powerful all of your life.
Mr Ian
January 10th, 2009 at 10:02 am
If I ever lose my power – I’ll let you know.
If I ever lose my face – I’ll have to teach it to look for me – as I will have no eyes.
When I lost a parent once – it was unfortunate.
But when I lost the other one – people said I was just being careless.