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Elite 'Cult of the Expert' Erodes


The New Year usually starts with a new set of resolutions about things to do and what needs to be avoided. While most make resolutions concerning their physical health, not much attention is given to financial health or investment planning, say experts. – Times of India

Dominant Social Theme: It is necessary to listen to an expert.

Free-Market Analysis: In this article, we want to examine the dominant social theme of "expertise." This meme is much in the news these days because the Internet itself is making the elite's promotion of the "expert" increasingly untenable. Whether it is vaccinations (see other article this issue), archeology (a network of drowned cities around the world that are as yet resolutely unexplored) or high-finance itself, the truth-telling of the Internet is undermining the common wisdom and providing alternatives to expert perspectives.

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