One of the ways we can avoid the pitfalls of racism, e.g. generalization and stereotyping, is to skip over the question. But it is interesting. In development economics there is a much-discussed theory of "blocked minorities" arguing that if a minority group is excluded from positions of direct power the exceptional individuals often seek business success. Jews have been in that position virtually ever since the destruction of the second Temple, and have indeed aimed for "private sector" success.DWill wrote: Jews seems to have success in many fields that is disproportionate to their percentage of the population. Are Jews just exceptionally smart? If that's not the explanation, does culture account for their outstanding abilities?
Contributing to this choice of path was a vulnerability to expulsion, which happened over and over in many parts of the world and led to investment in portable capital, i.e. skills. Doctors in Medieval Spain, Mesopotamia and Asia Minor were disproportionately Jewish. In Europe they were often forbidden from owning land or being part of many professions.
Other famous blocked minorities include the Parsees in India (Tata Industries is a Parsee operation, and Freddie Mercury was a Parsee), the offshore Chinese all over SE Asia, and the Indian and Middle Eastern minorities in many parts of Africa. Of course the Roma ("Gypsy") people were in the same situation and did not respond the same way.
Jews were among the earliest people to limit family size as part of a strategy of investing in education. This tends to lead over time to a group with small numbers but high success rates, and the cultural cultivation of ideas, strategic thinking, strong basic education, and entrepreneurial skills. Not to mention a great musical tradition (stemming partly from contact in Eastern Europe to the Rom, who brought many of the catchiest musical styles from India and Central Asia - check out the similarities of flamenco to Gypsy to Rajasthan dance, and Klezmer music to Gypsy music) (why do I feel like I am doing a "Connections" riff?).
But who knows, they may be genetically smarter, too. Does it matter? Variation within group is always much larger than variation between group averages.
Good observation. I overheard a conversation in 1994 between two finance types, one of whom had had an interview question at Salomon Brothers as to whether they would be willing to sit in an empty room staring out the window if it brought in a million a year, whose point was, "if you want to work here, throw out ideas of being productive and concentrate on whatever makes big money". I could tell even back then that Wall Street was going rogue.DWill wrote:On conspiracies, I have the impression that simply having a great many people involved rules out true conspiracy, even though it doesn't rule out bad stuff happening because of a lot of similar actions by a lot of people. The 2008 financial crisis wasn't a conspiracy, but it was probably worse in that it seemed like a whole part of the culture gone rogue.