“Mobs, Messiahs, and Markets” by William Bonner and Lila Rajiva. Surviving the Public Spectacle in Finance and Politics.
William “Bill” Bonner is the President and CEO of Agora, Inc. , a leading financial newsletter publisher. One of the better known financial newsletter publications in the world is “The Daily Reckoning” and is published by Agora. Bill frequently shows off his considerable writing skills by writing feature articles for The Daily Reckoning.
Lila Rajiva is an author and political journalist who wrote “The Language of Empire” , which analyzes the media coverage of the US in Iraq Abu Ghraib prison scandal.
In “Mobs, Messiahs, and Markets”, Bill and Lila use their rare and skillful writing talents to corroborate on a book which examines the way that humans act in crowds and are influenced by the actions of groups and voices of authority. One of the conclusions is that individuals in crowds often lose their ability to think independently and will engage in actions, at times even violent and foolish ones, that they would never undertake on their own.
This adaptation of a crowd or mob mentality spills over into almost all that we do and is especially evident in the world of politics, financial matters, and public opinion. People will believe the craziest things if they are presented as being a popular and accepted belief.
Mobs, Messiahs, and Markets is a good entertaining read that explores serious minded material in a way that will often make you laugh out loud. However, the result of reading the book is far more useful.
After a thoughtful read you will be better able to defend yourself against the nonsense put forth daily by market shills, talking heads, media outlets, and sadly your own government. The spin masters know how people’s thinking can be manipulated and used to their advantage. Mobs, Messiahs, and Markets provides you with the tools to think for yourself.
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