MARK TAPSCOTT: Tea party movement shows ‘wisdom of crowds.’ “It may not please New Yorker magazine’s James Surowiecki to hear this, but the tea party movement could be the clearest evidence yet of the growing relevance of his landmark book, “The Wisdom of Crowds,” and its application in politics. Surowiecki’s fundamental insight is this: The aggregate knowledge, experience, analytical prowess and inductive powers of a group are often greater than those of any one of its members. This observation isn’t always and everywhere true or evident, but compelling demonstrations of its operation in daily life are plentiful.” Read the whole thing.