Extraordinary Popular Delusions and the Madness of Crowds

Dissatisfaction with his lot seems to be the characteristic of man in all ages and climates. So far, however, from being an evil, as at first might be supposed, it has been the great civiliser of our race; and has tended, more than any thing else, to raise us above the condition of the brutes. But the same discontent which has been the source of all improvement, has been the parent of no small progeny of follies and absurdities; to trace these latter is our present object.

– Charles Mackay,1841

I can’t recomend this book highly enough.
It provides a powerful insight into the nature of man, which is as similar today as it was in 1841.

“Of all the offspring of Time, Error is the most ancient, and is so old and familiar an acquaintance, that Truth, when discovered, comes upon most of us like an intruder, and meets the intruder’s welcome.”

Talking of the madness of crowds, are people starting to see the madness in the Global warming hysteria?

As the debate continues about global warming, the month of December was the 14th coldest in 115 years in the United States… and some scientists insist the earth is entering a cooling trend.

* Wind chills brought temperatures in the Dakotas to 50 degrees below zero, while record cold in parts of Florida is damaging some of the orange crops, and South Carolina called an early end to shrimping season.

* Parts of Canada have seen actual temperatures of 30 below zero… And freezing temperatures and record snowfalls are pounding parts of Asia and Europe too.

* Britain has experienced the worst snowfalls in half a century.

* In India – it’s estimated at least 100 people have died due to the cold temperatures… with dozens more killed in Bangladesh.

* In China and South Korea, heavy snow and unusually cold weather have brought chaos to travelers – blocking roads and trains, canceling flights. After one recent blizzard in Beijing – officials had more than 300-thousand people clearing the streets.

Meanwhile some of the world’s top climate scientists suggest this winter is only the start of a worldwide trend toward cooler weather, which could last for 20 to 30 years. They base their predictions on changes in water temperatures in the oceans.

The scientists say much of the global warming in the last century was actually caused by these oceanic cycles when they were in a “warm mode”… as opposed to the current “cold mode.” They suggest there will be cooler summers ahead too. Continued

At this point it is appropriate to say, it is not about if the climate is cooling or warming, it is about the fact that we have NO control over the climate one way or another. Warming, however, is undoubtedly more favourable for man than cooling.

1 Comment

  1. Author
    ptsp 7 years ago

    You can even read the book online here, if you have a comfy chair:

Leave a reply

Your email address will not be published. Required fields are marked *