The Tyranny of Groupthink

Posted by freedomforall 3 weeks, 5 days ago to Philosophy
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This article starts out talking about the lack of independent thinking in the stock market but goes on to discuss the herd following disaster in the lock-downs.

"Sweden has a WITH-Covid mortality rate of 56 per 100,000 for the entire country. But 26% of those deaths occurred among the population 90 years and older, which accounts for just 1.1% of Sweden’s population.

Similarly, 67% of the deaths were among the population 80 years and older and 93% were among those aged 65 or more. By contrast, persons 65 and older account for just 19% of Sweden’s population, and the preponderant share of the latter, who have suffered serious illness or death from the Covid, were already in long-term care facilities and programs.
Needless to say, locking down the schools, gyms, restaurants and malls does nothing for the institutionalized population of the vulnerable elderly and co-morbid. Sheltering and treating the latter in place, rather than quarantining the younger, healthier populations, is the self-evident answer.

Indeed, the virtue of Sweden’s anti-lockdown strategy virtually screams out from the schedule above. Sweden did not close its schools, yet there has been just one WITH-Covid death among its 2.4 million school age children under 20 years.

Likewise, there have been just 71 deaths among its 4.0 million prime working and consuming age population (age 20-49). That’s a rounding error mortality rate of 1.77 per 100,000. Who in their right mind would want to shutdown the economy based on such infinitesimal risks?

Due to enlightened leadership by Sweden’s health professionals and leading epidemiologists, they got it right, and now both new cases and WITH-Covid deaths have virtually disappeared.

And that’s to say nothing of the fact, that Sweden’s Q2 GDP decline of just 8.6% was far better than the double digit declines in the US and most European countries, which imposed far more draconian lockdowns.

In America, by contrast, the tyranny of groupthink on the matter has become so great that college football and in-person college classes are being closed from coast-to-coast when the risk of serious illness or death among the college age population here, like in Sweden, is virtually nil.
SOURCE URL: https://www.lewrockwell.com/2020/08/david-stockman/the-tyranny-of-groupthink/


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  • Posted by $ gharkness 3 weeks, 3 days ago
    "Who in their right mind would want to shutdown the economy based on such infinitesimal risks?"

    Government actors who have something else in mind for our population. This just scares the beejeezus out of me, that there is still talk of another lockdown coming in some states. Our Governor, Kevin Stitt (OK) has been under incredible pressure from Washington (Birx, who made a special trip here last week to show us the error of our ways) as well as much of our younger population, to institute a mask mandate as well as to consider another lockdown. Since he refuses the mask mandate, many of our "oh so virtuous" mayors, including the mayor of Tulsa, have done so for him. Today, we are voting for a new mayor (I hope), who has campaigned on freedom, no lockdown and NO MASKS.

    I can only conclude that most of those who want MORE lockdowns are people who have yet to miss a paycheck and frankly don't care about any of the rest of us. To be clear: we ourselves haven't lost a nickel from it, and indeed my husband got a nice raise...and his full employment continues. However, we're close enough to retirement that either way, the world won't end for us. People who have active families to raise, mortgages, car payments, etc., etc., they should be very worried. I am afraid that no matter what else happens, it's not over yet.
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    • Posted by term2 3 weeks, 3 days ago
      Las Vegas has been pretty much destroyed for a long time. I really doubt it will ever recover. Same with the airline industry and the cruise industry.
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      • Posted by $ gharkness 3 weeks, 3 days ago
        We will find out pretty soon whether our November 8 cruise is going to go or not, but I know it probably won't. I am not sure why they are making us wait so long, but I am ready to KNOW. What has happened to the cruise industry is not bothersome to MOST people because MOST people don't cruise. They also look upon people who DO cruise as somehow "elite" or privileged, and we all know that privileged people are not to be tolerated in our new world. Anything bad that happens to privileged people is a good thing.
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        • Posted by term2 3 weeks, 3 days ago
          How about a very simple explanation for waiting so long. The cruise companies are deathly afraid of an outbreak of corona virus and its implications for lawsuits and the difficulties of dealing with sick passengers they would have to reimburse, and crew members that they would have to get home to their home countries. It could be financially disastrous.
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          • Posted by $ gharkness 3 weeks, 3 days ago
            Yeah, except: it's already been financially disastrous and there's a point at which it can hardly get worse. I think we are at that point already. They already have had to deal with reimbursements of MILLIONS of dollars' worth of cruisers' money, including several thousands of dollars of MY money, and if we don't sail on November 8, it'll be another several millions of dollars, including my money, again. They are currently at risk of closing permanently ALREADY, and actually, nobody except cruisers seems to care.

            I just read today that MSC has started regular 7-day cruises in the Mediterranean on August 16. That cruise went well, and now they are on August 23rd sailing. On August 16th sailing, they denied boarding to a passenger who had tested positive at boarding (two tests) and the entire bus that rode in with him, even though all of them tested negative. (Lesson always make your way to the port with ONLY your primary party members...never on a bus.)

            If MSCs cruises continue to go well, that will definitely help. However, the CDC will literally jump at the chance to deny further sailing, if they can gin up a reason.

            People tend to think of cruise ships as "special cases," but really, they aren't. Anyone who has ever worked - or lived - in a high-rise building is subject to similar risk every day, and they haven't emptied those. I am sure we can think up some circumstance in which ships are more dangerous than a high-rise building, but IMO the building is worse, as people are free to come and go, and take the virus with them and spread it out to the entire city, or worse.

            But...here's my thing: it doesn't matter how deathly afraid the cruise companies are. The CDC is the final arbiter in the US, period, end of story. Until they can be persuaded, the rest of us will be landlocked.
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            • Posted by term2 3 weeks, 3 days ago
              very good points. if they violate the CDC guidelines, they will be totally liable for whatever happens on board. I bet people get sick of various things all the time on board- not unlike in a high rise buildings. I feel terrible that our government has shut down the cruises as they have.
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              • Posted by $ gharkness 3 weeks, 3 days ago
                I was with you till you got to the “sick of various things” part. It doesn’t happen with all the thousands of cruisers I know. And I am a rank amateur compared to them. Most of them do 30-40 day cruises back to back.

                For us, it’s a lifestyle, one we miss terribly. And we are sooooo ready to go back. If you aren’t one of “us,” it’s not really something you’d understand.
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                • Posted by term2 3 weeks, 3 days ago
                  I just meant that when you have thousands of people, some individuals are going to be sick from one malady or another- whether in a high rise building, cruise ship, or just crowded city life. We dont shut down a while industry because of the regular flu. Most people who get it, just get over it, as they do from normal colds. 80% of corona virus infections self resolve without hospitalizations at all.
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  • Posted by CaptainKirk 3 weeks, 3 days ago
    Just watched "Plandemic"
    And while this might not have been THEIR attack.

    They were PREPARED to take the steps they needed to see how far they could push Tyranny!

    The govt should be able to URGE us to behave a certain way with a looming threat... But they SHOULD NEVER be able to force us to behave that way! It must ALWAYS be OUR CHOICE.
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  • Posted by $ Stormi 3 weeks, 3 days ago
    Group think is what made us think following the actions of China, instead of independent thought about the virus, was the way to go. No, it was the worse way to go. Sweden early on knew masks were useless, yet FAuci and Mike DeWine still are stuck on the "be like the Chinese" mantra. For 4 months, as a woman in her mid 70s, I refused to lock down, nor did I wear a mask. I shopped among the herd, I was fine. I worked in the yard for hours plantng trees, took Vit. C,D and Zinc, I breathed freely. Then ddopey DeWine made it criminal to not wear a mask inside businesses, and I started having asthma reactions to the mask, so I don't go in those Ohio business anymore, I order mor on line, gather with car folks for coffee outside at McD several time a week. We do our research, we know all moasks leak the vius, and they are better not incubaed inside a mask and sucked into the lungs! DeWiine said have fun with homemade masks, worst advice ever! Masks can be dangerous, and they create a false sense of secutiry, leading to less distancing. Grade F to all whe health officials who did not read the multiple research studies, from DeWine to self-serving Fauci! We are not a herd, we are individuals with minds.
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  • Posted by $ Thoritsu 3 weeks, 3 days ago
    Good post FFA, Thanks!

    Couldn't agree more.

    We need a large group of people who voluntarily expose themselves to COVID and get it over with. I volunteer. Maybe some number of the states decide to just "open", and stop the madness.
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  • Posted by term2 3 weeks, 3 days ago
    The lockdown here in the USA was a leftist plot togain power and get rid of trump. Its so obvious. PLUS, they destroyed the economy and STILL 140,000 people died in the USA. Thats not success by any means.
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  • Posted by $ 25n56il4 3 weeks, 3 days ago
    I'm not sure I understand 'group think' when you are talking about the stock market. Research and involvement should be involved in market activity and what others 'think' shouldn't matter.
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    • Posted by 3 weeks, 3 days ago
      Most of what happens day-to-day in the stock market in the past 30 years has been volatility created by Wall St propaganda. Most of the news about public companies is manipulated to push investors into making decisions pre-defined by Wall St firms, imo. Volatility is what makes money for Wall St. They use the media to create it, herding "investors" to buy shares that the street wants to dump. Wall St also manipulates share prices during off-hours to run prices down to take advantage of the protective "sell-stops" that small investors place on the advice of Wall St. Then after the stops are hit and the customers accounts have automatically sold "to protect their investment" the manipulators who bought those shares return the price levels to where they started. The next morning the small investor gets a notice that he lost his shares at a low price and the current price is higher.
      The stock market is a rigged game designed to enrich Wall St by stealing from small investors. There are no laws to prevent this because Wall St controls the lawmakers and the SEC.
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  • Posted by $ puzzlelady 3 weeks, 3 days ago
    Sweden has several things going for it: a more homogeneous population, a more northern climate, and cultural habits of cleanliness and discipline. They are more considerate about polluting their companion's airspace. So less contagion is spread around. They are also hardier, thanks to their colder climate, and fewer tourists. Fewer vaccinations? That should give one pause. How do they compare with Finland, Denmark, and Norway?
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    • Posted by $ Dobrien 3 weeks, 3 days ago
      Laughing all the way from Minnesota.
      2015 the refugee crisis that overwhelmed Europe threatened to bury Sweden. People fleeing fighting in Syria, Afghanistan, Iraq and across Africa streamed into the continent in record numbers. In 2015, the government of Sweden, a country of not quite 10 million people, recorded nearly 163,000 asylum-seekers arriving in the country. The country today has the highest number per capita of asylum-seekers in the EU.
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