THAT’S WHO THEY ARE, THAT’S WHAT THEY DO: The Failure of the Expert Class. . .Again.

The problem with the expert class isn’t so much that they override the will of the people, it’s that they face no consequences for being wrong.

Flashback: The Suicide of Expertise.

By its fruit the tree is known, and the tree of expertise hasn’t been doing well lately. As Nassim Taleb recently observed: “With psychology papers replicating less than 40%, dietary advice reversing after 30 years of fatphobia, macroeconomic analysis working worse than astrology, the appointment of Bernanke who was less than clueless of the risks, and pharmaceutical trials replicating at best only 1/3 of the time, people are perfectly entitled to rely on their own ancestral instinct and listen to their grandmothers.”

Then there’s the problem that, somehow, over the past half-century or so the educated classes that make up the “expert” demographic seem to have been doing pretty well, even as so many ordinary folks, in America and throughout the West, have seen their fortunes decaying. Is it any surprise that claims to authority in the form of “expertise” don’t carry the same weight that they once did?

Truer every day.