Daniel Penny Effect??

Chris addresses the troubling trend of bystander inaction in violent public incidents, examining whether fear of legal repercussions, like those seen in the Daniel Penny case, is truly to blame. Highlighting disturbing cases in New York City, Markowski argues that the issue runs deeper—reflecting a societal loss of moral compass and collective responsibility. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
The Daniel Penny Effect. I'm seeing this a lot right
now on the news, more and more awful stories taking place.
Everybody saw what took place on a New York City
subway where you know, a woman was set on fire,

(00:37):
which you're watching this and the horror and I actually,
you know, people questioning why, you know, why didn't she move?
There's medical reasons for this, and I don't feel like
getting into what happened.

Speaker 3 (00:50):
But it was even made more horrific with.

Speaker 2 (00:57):
The fact that nobody helped, no came, Nobody came to
this woman's aid. You had a police officer walk by
and not do a thing. There was another stabbing took
place in Grand Central Station. Nobody, nobody came, nobody helped.

(01:24):
The news networks are.

Speaker 3 (01:25):
Saying this all the time, and you know, now they
have these things.

Speaker 2 (01:27):
Well, do you think that this is the Daniel Penny effect?
Nobody wants to come to anyone's help. Because they're afraid
they're going to be prosecuted. And again Fox News running
stories on this and uh, making me quite frankly sick
to my stomach. You're you're gonna, you're gonna calculate in

(01:51):
your mind the rip percussions of helping your fellow man
right there in front of you, coming to someone's aid
that needs help.

Speaker 3 (02:03):
People are actually doing that.

Speaker 2 (02:04):
You think that that's actually taking place or making a
calculated decision.

Speaker 3 (02:08):
I'm not going to help out because of the Daniel
Penny case.

Speaker 2 (02:11):
No, no, this is a quite frankly, this is a
greater reflection on who we are and what we've become,
many of us, not all as a society, the Daniel
Penny effect. We should be all orienting our lives to

(02:32):
the fact that you're coming to someone's aid right there,
you can actually help someone out. Then again, I've never
seen anything like this obviously in person or take place.

Speaker 3 (02:47):
People grabbing their phones, grabbing their phones to video this.
I don't know.

Speaker 2 (02:55):
If they post something, they get more views or whatever
it may be, they're going to try to monetize it
or what rather than going and helping. Now, it's not
the Daniel Penny effect. It's the fact that, quite frankly,
many people have just lost their way. Watch dog on

(03:17):
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