The Madness of Crowds and What Lies Ahead

In his 1841 book Extraordinary Popular Delusions and the Madness of Crowds, Scottish journalist Charles Mackay chronicled the history of the phenomena we now see gripping the Resistance movement to the Trump presidency. Writing on national delusions, moral panics, economic bubbles, and herd behavior, Mackay observed, “We find that whole communities suddenly fix their minds upon one object, and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.”

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