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Medicine, alternative medicine and the free market

Posted Nov 18 2008 12:17am

" Faith healers fall into the same category as psychics and fortunetellers.
The market chooses what works. If these healers worked better than modern
medicine, the healers would be at the top of the market while modern
medicine would become obsolete.Skepticism as the reason for faith healers not having prominence does not hold up here either. The market chooses what works especially in life and death situations. When a person has cancer, there is no room for skepticism. A person must choose the option that works best. That option is modern medicine. Faith healing is rarely used because it does not work. If people were healed better by faith healing, anyone with any sense would go to these faith healers. But, the market has already proven the better choice is modern medicine." Vedran Vuk
Some hard-hitting common sense advise - which is well worth repeating - " The Wisdom of the Crowds" strikes again ! However, just because everyone believes that it works doesn't make it true either - you still need to use your own judgment. The crowds are often wrong . The book, "Extraordinary Popular Delusions and The Madness of Crowds" is a useful reminder of the dangers of uncritically following the bandwagon.

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