A bubble graph of “the BBBubble”

Read carefully and .. meditate (COMPENSATION obviusly refer to top executive incentives). But, please (see previous post, below, in case of TEMPTATION), don’t hurry up to ANY scapegoat conclusion, pleeeeeeease: it’d be highly misleading, just a proto-antropoid RITE for the sake of changing nothing. And we are sincerely FED UP with scapegoat mechanisms (René Girard had explained it almost all, but perhaps this was useless, since we are still Sapiens doomed to repeat horrific rites  on and on- Le Sacré du Printemps, et c’est juste Printemps).

I cut and copy:


Tempting fate

Dare we put up a bubble chart? Apparently we do. From Zero Hedge.

Zero Hedge - Writedowns, leverage and compensation

Related links:

The Merrill bubble – Zero Hedge
Salaries from a bygone era – FT Alphaville

This entry was posted by Tracy Alloway on Wednesday, February 25th, 2009 at 13:55 and is filed under Capital markets.

Enclosure to bubble graph and NO SCAPEGOAT

SCAPEGOATING has been on, in the Global Meltdown and recession, since mid-March 2008, culminating in the Lehman bros scacrifice mid-September: sincerely,  searched for, wanted by their Padre Padrone in person, Mr Fuld (pane al pane e vino al vino).  But why should Mr Fuld become now a scapegoat, à la Far West – as  it happens in some sectors of the public opinion and scapegoating media?.

We desperately need a SUPERIOR civilisation, not going back to Far West and  homo homini wolf ones.

basic references

Girard, René 1963. Dostoïevski, du double à l’unité. Paris: Plon. (English translation: Resurrection from the Underground: Feodor Dostoevsky. Crossroad Publishing Company. 1997)

— 1972, La violence et le sacré. Paris: Grasset. (English translation: Violence and the Sacred. Translated by Patrick Gregory. Baltimore: Johns Hopkins University Press, 1977)

—  1996, The Girard Reader. Ed. by James Williams. New York: Crossroads.

—  2002, La question  de l’antisémitisme dans les Evangiles, ch. 5, pp. 181-198 in Girard 2002 (original English v., ch. 14, pp. 211-221 in Girard 1996)

—  2002,  La Voix méconnue du réel. Paris: Grasset.

Tate, Ryan (2009)      http://gawker.com/5159202/save-the-bankers

Tutu, Desmond

wiki   http://fr.wikipedia.org/wiki/Bouc_emissaire

D’origine religieuse, l’expression bouc émissaire désigne en langage courant la personne qui est désignée par un groupe comme devant endosser un comportement social que ce groupe souhaite évacuer. Cette personne est alors exclue du groupe, au sens propre ou figuré, parfois punie, ou condamnée.

La personne choisie ne l’est pas forcément pour avoir partagé ce comportement, elle peut être une victime expiatoire choisie pour d’autres raisons du fonctionnement du groupe.


The scapegoat was a goat that was driven off into the wilderness as part of the ceremonies of Yom Kippur, the Day of Atonement, in Judaism during the times of the Temple in Jerusalem. The rite is described in Leviticus 16.

Since this goat, carrying the sins of the people placed on it, is sent away to perish [1], the word “scapegoat” has come to mean a person, often innocent, who is blamed and punished for the sins, crimes, or sufferings of others, generally as a way of distracting attention from the real causes.

Girard’s socio-religious theory

The Christian anthropologist René Girard has provided a reconstruction of the scapegoat theory. In Girard’s view, it is humankind, not God, who has the problem with violence. Humans are driven by desire for that which another has or wants (mimetic desire). This causes a triangulation of desire and results in conflict between the desiring parties. This mimetic contagion increases to a point where society is at risk; it is at this point that the scapegoat mechanism[6] is triggered. This is the point where one person is singled out as the cause of the trouble and is expelled or killed by the group. This person is the scapegoat. Social order is restored as people are contented that they have solved the cause of their problems by removing the scapegoated individual, and the cycle begins again. Girard contends that this is what happened in the case of Jesus. The difference in this case, Girard believes, is that he was resurrected from the dead and shown to be innocent; humanity is thus made aware of its violent tendencies and the cycle is broken. Satan, who is seen to be manifested in the contagion, is cast out. Thus Girard’s work is significant as a re-construction of the Christus Victor atonement theory.


René Girard (born December 25, 1923, Avignon, France) is a French historian, literary critic, and philosopher of social science. His work belongs to the tradition of anthropological philosophy. He is the author of several books (see below), in which he developed the following ideas:

  1. mimetic desire: imitation is an aspect of behaviour that not only affects learning but also desire, and imitated desire is a cause of conflict,
  2. the scapegoat mechanism is the origin of sacrifice and the foundation of human culture, and religion was necessary in human evolution to control the violence that can come from mimetic rivalry,
  3. the Bible reveals the two previous ideas and denounces the scapegoat mechanism.

René Girard’s writings cover many areas. Although the reception of his work is different in each of these areas, there is a growing body of secondary literature that uses his hypotheses and ideas in the areas of literary criticism, critical theory, anthropology, theology, psychology, mythology, sociology, economics (1), cultural studies, and philosophy.

(1) MY NOTE. On René and Political Economy:

Aglietta, Michel & Orléan, André: La violence de la monnaie. Paris: Presses Universitaires de France (PUF), 1982.

Arcangeli, Enzo F. (2009),

External links

[edit] Bibliographies

[edit] Interviews, articles and lectures by René Girard

In chronological order.

[edit] Organizations inspired by mimetic theory

[edit] Other resources

Published in: on February 25, 2009 at 2:28 am  Leave a Comment  
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