There is a lot less fakery in science than poorly-designed studies, misleading endpoints, underdocumented or incorrectly documented methods, and cargo-culting. The success of the process comes from having a good filtration process to sift through this body of work, and the idea that there will always be some people in the system doing actually good work.

That said, I have also witnessed plenty of low-level fraud: changing of dates to match documentation, discarding "outlier" samples without justification or even documentation, etc. Definitely enough to totally invalidate a result in some cases.

> There is a reason the West is incredibly wealthy and it isn't because our best and brightest are faking it.

The reasons for that can be myriad. Actual or false scientific success of the last 30 years is not necessarily it.

Also, don't you feel the ship has kind of been slowly going down during the last 10 years, wealth-wise ?

> Also, don't you feel the ship has kind of been slowly going down during the last 10 years, wealth-wise ?

Not for the rich, so the reasons are not that much to do with value-creation (it's value distribution that's rotten).

Very true.

IMHO, there is also a tremendous amount of value dilution going on, and not just due to the action of the US FED or Treasury, or other central banks.

The problems are systemic and global, and conjoined with the problem of value distribution.