&quot;The mob is inherently irrational&quot;<p>I strongly disagree with this sentiment or at least I think it should be put to the test more often. There&#x27;s some wisdom of the crowd factors that would suggest the mob doesn&#x27;t need to be smart on an individual basis but my main objection is philosophical in nature.
It strongly object to the Plato ideal of elitists that rule over the dumb (be it for good reasons or not). I think the case outlined by Popper in &quot;The Open Society and Its Enemies&quot; (particularly book 1) is pretty solid.