Such herd-like behavior invites to mistakes, crisis, panic, losses, waste. He may well be right. His essential message is that one tries to go with the winners. The losers will not be remembered. This is much easier to do if one earns a good salary and has a good pension down the road.
Governments are different.
Like France, not every country is ready to buy into the game. These last dissenters can have the consolations of virtuous poverty, but poor they will be. Only the players can attract the income that they need for growth. This is another aspect of reality that Friedman scants. A small misstep, and everyone will dash for the exits.