Sep

27

 One can laugh at the following story, but not too long ago Orson Wells was scaring the heck out of the American public with the landing of Martians. Several water towers were shot during or following Welles' broadcast. Many of the sci-fi movies of the '40s and '50s continued to play on the fears generated from the Cold War.

Collective fear in different cultures is an interesting subject. Are we all just as susceptible to such things today, despite advances in communication and education and having seen it a thousand times before? Is it hard-wired in that when someone says "boo" we still respond? Do markets in other countries respond differently to various worries — more sensitive to some and not others? Perhaps demographics play a role.


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