“There is a difference between victimization and victimhood. We are all likely to be victimized in someway in the course of our lives. At some point we will suffer some kind of affliction or calamity or abuse, caused by circumstances or people or institutions over which we have little or no control… In contrast, victimhood comes from the inside. No one can make you a victim but you. We become victims not because of what happens to us but when we choose to hold on to our victimization…”Edith Eger (1927-)
Too often, we accept victimhood, which can come in myriad guises: A college student cowers under a torrent of “hurtful” words; a banker worries an employee will be offended by the wrong pronoun; a comedian is booed by those claiming victimhood, for humor deemed racist, sexist, or homophobic. The American people were told by elitist Democrats, and “never-Trumpers,” that we were victims of a “fascist-like” Donald Trump. Doing so, freed his political opponents to pursue any means to destroy him: false accusations of Russian collusion; a two-year, multi-million-dollar (and futile) Mueller investigation; two impeachments, and the recent FBI raid on his home at the Mar-a-Lago Club in Palm Beach. No matter one’s view of the egotistical Mr. Trump, has not he become a victim?
In this surrealistic world, who is the victim and who the victimizer depends – not on facts – but on political ideology. When Twitter or Facebook censor news reports from conservatives to “protect” readers or viewers from “fake” or “malicious” stories, are not they promoting victimhood? If a corporation does not comply with DEI (diversity, equity, and inclusion) protocols, it is accused of victimizing its employees. Should investment managers seek to maximize portfolio returns, or should they find investments that are ESG (environmental, social, and governance) friendly, regardless of the comparative investment return potential? Have not some pensioners and mutual fund holders become victims to the political aspirations of portfolio managers? The acceptance of victimhood affects the way we value meritocracy and perceive equal opportunity – that past inequities and unequal outcomes make necessary the racial bigotry inherent in affirmative action, which accentuates the divide among people. Is it fair, for example, to lower college admission standards based on race, but not on economic class?