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The dangers of groupthink We have been here before. In the years leading up to the 2008 crash, Irish economists and policymakers almost universally presented their ‘wisdom’ in a way that avoided the obvious – we were in the midst of a speculative bubble, financed through the foreign borrowings of private banks, and we were heading off a cliff where a blanket guarantee was seen as the solution. Remember that ‘soft landing’? No, me neither! A similar trend is occurring now, where serious and significant issues of economic inequality are being downplayed or ignored, notwithstanding that this inequality is scarring the lives of a massive proportion of our population. Their real lived experiences are being brushed aside as a figment of their, and our, imaginations.

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