BY DOMINIC WIGHTMAN Charles Mackay, in his Extraordinary Popular Delusions and the Madness of Crowds wrote, “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” 1 History is in great part the history of the crowd. What the crowd thinks is what counts. Crowds tend … Continue reading Reverse Economic Imperialism (REI)