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RE: Can we trust peer-reviewed papers?
I agree that the video has a bit of an anti-open access bias. I think there are also crappy closed access journals too. Impact factors are not infallible and can be "gamed", but they provide a pretty quick clue about a journal's standing within its field, whether open access or not.
A better understanding of what peer review is and isn't would help the community when scientific results are taken from their specialised fields and publicised in the wider community.
I think the biggest problem in all of this is academic laziness and failure to apply critical thinking.