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Collective or group narcissism explains a lot of this irrational behavior. This article made a lot of sense to me: https://www.theatlantic.com/family/archive/2021/11/group-narcissism/620632/

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"No one in this world, so far as I know ... has ever lost money by underestimating the intelligence of the great masses of the plain people." -H.L. Mencken

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