To: Maurice Winn who wrote (58226 ) 1/30/2010 1:06:57 PM From: elmatador Respond to of 217927 Groupthink is the equivalent of limited gene pool. The economic upheaval affects the limited group. Groupthink is "an open, articulate philosophy which holds that group values are not only expedient but right and good as well." Thus Anglos will fall all together: US, UK, New Zealand and Australia. Euroland, as a whole, have been for the past 30 years creating a group that think alike. See your symptoms here in this list Symptoms of groupthink To make groupthink testable, Irving Janis devised eight symptoms indicative of groupthink (1977). Illusions of invulnerability creating excessive optimism and encouraging risk taking. Rationalizing warnings that might challenge the group's assumptions. Unquestioned belief in the morality of the group, causing members to ignore the consequences of their actions. Stereotyping those who are opposed to the group as weak, evil, biased, spiteful, disfigured, impotent, or stupid. Direct pressure to conform placed on any member who questions the group, couched in terms of "disloyalty". Self censorship of ideas that deviate from the apparent group consensus. Illusions of unanimity among group members, silence is viewed as agreement. Mind guards — self-appointed members who shield the group from dissenting information. Groupthink, resulting from the symptoms listed above, results in defective decision making. That is, consensus-driven decisions are the result of the following practices of groupthinking[5] Incomplete survey of alternatives Incomplete survey of objectives Failure to examine risks of preferred choice Failure to reevaluate previously rejected alternatives Poor information search Selection bias in collecting information Failure to work out contingency plans. Janis argued that groupthink was responsible for the Bay of Pigs 'fiasco' and other major examples of faulty decision-making. The UK bank Northern Rock, before its nationalisation, is thought to be a recent major example of groupthink.[5] In such real-world examples, a number of the above groupthink symptoms were displayed.en.wikipedia.org