Huge flop. Now there is concern that swine flu pandemania [a new word I just coined] was fanned by large pharmaceutical companies and their friends at the World Health Organization in order to sell vaccines. The swine flu was less dangerous than a typical seasonal flu. The vaccines did not work well, and sometimes not at all. The pharma companies made billions. Various investigations have ensued.
Here is some further reading on the subject, if you care to check out how miserably this ended.
In short, their expertise does not exempt them from human behavior, that is, from being wrong, sometimes stupidly so, and behaving badly about it.
Here are some examples of wildly wrong "expert" opinions.
Cigarettes - remember 70 years ago, when doctors prescribed them for stomach ailments and nerves? Because they were experts?
Paul Ehrlich - "The Population Bomb." We are all going to starve to death because we are having too many children. Hasn't panned out. Instead, we are facing economic catastrophe from depopulation if we don't start having more children.
Every other expert who has opined on the dangers of over-population since Thomas Malthus.
Ezra S. Vogel - "Japan as Number One." Shortly after this book came out, Japan fell off a demographic cliff into a 20 year recession.
David Lereah - "Why the Real Estate Boom Will Not Bust." The book sold well until the real estate market busted.
M. King Hubbert - predicted oil production would peak in the 1970s ("Hubbert's Peak"). Someday, we will see Hubbert's Peak. So far, no peak in sight.
"Stocks have reached what looks like a permanently high plateau." Irving Fischer, Professor of Economics, Yale University (1929, shortly before Black Friday). This one is a classic of the genre.
Oh me.
Thanks for the link about the swine flu. It's sad that we can't avoid concluding that the "experts" are simply politicized, and we have to be wary at all times.
ReplyDeleteI guess common sense and hope are our only refuge!
God bless!
After 50 years in "Health Care" I`m very leery about most everything I hear. Every now and again they do get it right. We really all know how we should be living and doing. May we have the good sense and God`s good help to do it.
ReplyDeleteI agree with all three of you :)
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