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Alan Richards's avatar

Pfizer market cap is $228bn today. It sounds a lot but it’s only 9% of the value of Apple. Why do we allow this relative minnow to do so much societal harm?

Kalev's avatar

I'm not answering these questions flippantly. I've spent a lot of time thinking about these questions. This is the best I can come up with for now.

(Haven't read the full article yet, need to go to a meeting now, but those first questions really compelled me to comment :-)

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> How do we establish trust in experts?

We keep meticulous detailed records of their predictions.

> What is an expert, anyhow, and does the type of expertise matter?

Someone who truly understands "cause and effect" and is able to make accurate predictions based on their knowledge (and is able to explain it to others).

They gain "expert" status when many of their predictions turn out to be true.

> How do we keep from being fooled?

By keeping good records and reviewing them often.

> If we place proxy trust in experts for what we do not or cannot understand, how do we prevent ourselves from being manipulated?

Having open and transparent discussions on their predictions before they come to pass and after they come to pass.

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