yep, basically. You drive the enemy into a rage by insulting them until they reach the 'Berserk' status, where an enemy will only attack you with their basic physical attack. Pretty useful in my opinion, especially against enemies like the Vampires, Red Chocobos, Mind Flares, Apandas, Tiamats, mages, etc. that have nasty special attacks.
If you're asking how it works, you can use 'Talk Skill' on any human; but you must be a Mediator or have 'Monster Talk' equipped to use it on monsters.
Anarcho-syndicalism is a way of preserving freedom...