A Homeless Harvard Graduate In The Schizophrenic Job Market

Tyler Durden's picture

Submitted by Daniel Drew via Dark-Bid.com,

The BLS continues to perpetuate the distraction officially known as the "unemployment rate" to hide the grim reality portrayed by the labor force participation rate, which shows the true decline of employment in America. The labor force participation rate of college graduates has never been lower. In the new normal, McDonald's has a lower acceptance rate than Ivy League schools. Just when you thought you had seen everything, a new story emerges: Alfred Postell has three degrees - accounting, economics, and law - but he is unemployed and homeless.

Postell graduated from Harvard Law School in 1979.

Alfred Postell Harvard Graduation

Here he is now.

Alfred Postell

Postell could possibly be the most educated homeless man in history, and his tragic downfall reflects a great failure of modern society. As The Washington Post reports, he used to work at Shaw Pittman Potts & Trowbridge. One day, Postell started talking about how the police were chasing him. The cops were not there. Then he went through a bad breakup with his girlfriend. Postell lost all sense of reality and spent the next 30 years drifting. Postell had schizophrenia.

Despite having a $35 billion endowment, Harvard has not taken any initiative to assist their former student. However, they gladly sought the attention of hedge fund manager John Paulson, who donated $400 million to the university last month. It seems like Harvard has developed a new theory of one-way reciprocation, a concept even the schizophrenic mind could not imagine.

Genius and schizophrenia have been linked before. The late game theorist John Nash is one example. Ironically, Nash made his greatest mathematical achievements at the height of his mental illness. Schizophrenia involves hyperactivity in the prefrontal cortex, a region of the brain that helps people make unusual connections between seemingly unrelated ideas. Perhaps Nash's condition was just an excessive manifestation of some kind of natural asset.

With the right assistance, the potential contributions people like Nash and Postell could make to society are enormous. When a Harvard graduate is on the streets, it's not a result of a schizophrenic mind; it's a symptom of a schizophrenic job market and a schizophrenic society that seeks short-term profit over long-term gain.

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Kaiser Sousa's picture

"Alfred Postell has three degrees - accounting, economics, and law..."

and that is why you fail....

Yoda

0b1knob's picture

"Harvard has not taken any initiative to assist their former student"

WTF?   Are you serious?   They have some sort of duty to help him?

nope-1004's picture

"If I had a father,  ....  "

THX 1178's picture

Why would I be shocked? Its not like they teach correct information in school...

quintago's picture

I like this site, but sometimes some utter shite is posted.

 

1 homeless person in 30 years. And that one is due to schizophrenia. I'd say that's pretty impressive. 

 

too much half empty is no good for the soul, or the pocketbook

r00t61's picture

This Daniel Drew is one of the worst guest posters that Tyler has ever featured.

asteroids's picture

Harvard experiments with mind control of its students to feed them whatever government bullshit is popular and then sends them out to be CEO's etc... So, yah, they have some responsibility for turning this guy nuts. /sarc

RafterManFMJ's picture

I knew this cat named Dale/
Who didn't have a dollar/
He was Harvard material/
Ivy League scholar/
Had a PHD/
An MBA/
But now he's waitin' tables 'cause there's rent to pay/
Company's down sizin'/
Inflation's risin'/
Can't find a job/
He's feelin' kind of stressed/
Doesn't even feel the effects when he says/
Forgot to count how many times he's been blessed/
So he falls off track/
Starts smokin' the crack/
And once it hits his brain/
It starts a chain react/
Sells the shirt off his back/
The shoes off his feet/
He's losin' all his teeth/
Now he's out on the street/
And all of the sudden he's like Jesse James/
Tryin' to stick up kids for their watches and chains/
But he's from business school
And he's nervous with the tool
So he ends up on his back in a bloody pool
For the ends

Temporalist's picture

It's pretty obvious that MOST economists, lawyers and accountants are fucking crazy.

847328_3527's picture

Street Smarts and Street Fighting are sometimes more helpful then a wall covered with diplomas.

0b1knob's picture

He doesn't appear to be missing any meals.

Only in American can an unemployed, poor, homeless, mentally ill person be fat.

blueRidgeBoy's picture

it is a bit surprising that no jews or neocons were blamed in this article

bwh1214's picture

I think by the time this mess is all said and done, many Harvard (and Princeton) economists will be lucky if they are only homeless, and not swinging from the end of a rope.

 

J Jason Djfmam's picture

Don't forget feeling like someone is after them.

mkkby's picture

The author of this piece is corrrect -- he should sue Harvard.  They let him in frauduantly on affirmative action, and graduated him fraudulently for the same reason.  The stress of being a lawyer under false pretenses triggered his mental breakdown.

Now just get Jesse and Al to loudly cry racism and this poor homeless man becomes a millionaire.  Minus everybody's cut, of course.

reader2010's picture

I doubt that will happen since almost all are busy with getting likes on Facebook to get even their pathetic real life. In absence of meaningful organization,  nothing will take place. 

nuubee's picture

Perhaps there's some clause in Obamacare that we're just now discovering. Thankfully we passed it so we can find out what's in it.

mtl4's picture

Still waiting to see what's in the TPP but it must be at least as good as Obamacare, what could go wrong?!

metastar's picture

By the time you find out what is in the TPP it will have changed.

MissCellany's picture

Duty to help him? No. Poorly written/argued article? Yup.

That said...

I'll bet Harvard has taken PLENTY of "initiative" to guilt their former student(s) into "giving back" to the ol' alma mater -- after the students paid in full for the degree granted by the illustrious institution...

Larry Dallas's picture

Affirmative Action kicked in that time as well if I remember correctly...

DutchR's picture

Maybe he is doing you a favor, all the other graduates are fucking you up big time and he is only collecting welfare....

drendebe10's picture

Good fukn job by the fudgepacker looking out for black people....   the fudgepacker has about as much in common with American blacks as white people do with polar bears...

LoneStarHog's picture

So when do I hear about the first female homeless person with degrees in Women's Studies, The History of Feminism,...?????

angel_of_joy's picture

Why the hell do you spend time (and money) on 3 different degrees ? It's like advertising that you can work either as a doctor, an engineer, or a cop. Whom do you think you're fooling ? Get one specialty, start some work and become good at it... unless you prefer to be a perpetual student, that is !

Mentaliusanything's picture

Yes but what actual Skills does he possess.

BTW - If you think about it, the three degrees he holds all contradict one another so ..... Cause and effect

gordo's picture

Must be why Stanford has the lowest admit rate and highest yield of any us university.   The difference between STEM and lib arts...oh well lib arts is still useful to be a barista ...blogger..and spout off whitty crap at a cocktail party.

Clowns on Acid's picture

At least Postell is living in DC. He'll get a hand out sooner rather than later down there. Let's hope that he doesn't go "postell" before he gets some sustainable help.

slightlyskeptical's picture

The guy went crazy. This case reflects nothing at all about the economy or the worth of college degrees.

Baa baa's picture

No comments... That makes me curious, does it make you curious? As if the blog does not exist...

Everyone is.......Insane!

Osmium's picture

To blame this man's troubles on the current job market is bull.  He lost his job 30 YEARS AGO because of an untreated mental illness.  The article does not discuss if he is currently on medication.  30 YEARS out of your profession would make ANYONE unemployable in that field.  

Grasping at straws here all the while the market pushes higher.

Kaiser Sousa's picture

"To blame this man's troubles on the current job market is bull..."

ok, now tell us about the other hundred million mother fuckers in addtion who have dropped out of the labor force and the other millions of mother fuckers on unemployment and SSdisability professor?????

just sayin.

EVERYTHING IS GREAT!!!!

Osmium's picture

But this article does not metion "the other hundred million mother fuckers" who have dropped out of the labor force.  The article only talks about 1 man with a disability.  

My comment was base soley on this article.  If they wanted to discuss how bad the labor market is, they could have done a much better job than highlighting ONE MAN.

Kaiser Sousa's picture

no biggie too me dude...

the story is just a distraction...i'll even down myself if it makes ya'll feel better

live long and prosper....

Spock out..

newdoobie's picture

Why don't we send all our insane and violent criminals to a different country? Canada maybe? Just keep the immigrant train goin right on thru to Canada.

Dixie Flatline's picture
Dixie Flatline (not verified) newdoobie Jul 14, 2015 7:07 PM

We send 535 to the Distric of Colombia at minimum every 2 years.

markar's picture

Harvard Shmarvard. If someone is clinically schizophrenic their marketability drops to near zero-at least in the professional world.

blueRidgeBoy's picture

he's plenty qualified to be the Director of the Office of Personnel Management (OPM).  I hear there's an opening....

JustObserving's picture

But, but, but, the jobless rate is 5.3% - Yellen would not lie unless she is Satan's spawn.

David Stockman looks at 5.5% unemployment:

At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society’s need for production and work effort.

By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates. Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!

http://davidstockmanscontracorner.com/the-warren-buffett-economy-why-its...

mtl4's picture

Just walk into congress and tell them you're a lawyer and you're here to help.......they'll put you on the DC payroll right away.

J Jason Djfmam's picture

He really should just fit right in with the rest of them.

nuubee's picture

With today's paranoia, he probably shouldn't be going to interviews with a towel on his head.

Ignorance is bliss's picture

Harvard should be on the hook for a graduates mental state of health?..WTF. Well we use to have institutions supported by the State to care for the psychologically impaired. It was the hallmark of a great society to care for the disabled. Now I Just see them in the street begging real people for assistance.

Kaiser Sousa's picture

degree in Law = there is no law....worthless...

Degree in Economics = discredited discipline....worthless

degree in Accounting = FASB......worthless....

degree in Community Organizing - priceless....!

 

napper's picture

Community Organizing or Complying with Orders of TPTB?

Ignorance is bliss's picture

This guy probably read too much zerohedge...

ajkreider's picture

This has nothing to do with the job market and everything to do with devaluing college degrees. The more that have it the less it is worth. Expect the participation rate to fall. It will converge with the overall rate as the percentage of grads to the overall population increases.

YHC-FTSE's picture

He should have been a politician with those degrees. Nobody would have noticed the dribbling and ranting among the rest of them in congress.

(Very poor taste, I know. I was poking fun at the politicians, not this unfortunate guy with problems beyond this control. Sorry if I caused offence)