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Technology Stocks : Discuss Year 2000 Issues

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To: B.K.Myers who wrote (7451)7/30/1999 10:56:00 PM
From: B.K.Myers  Read Replies (2) of 9818
 
Here's Cory's latest WRP. I'm including part of the WRP in this posting, but there is more to this article as well as another article that talks about the 50 – 500 employee businesses lack of Y2K awareness:

kiyoinc.com

How bad I think it will be... And what you can do about it

by Steve Heller, WA0CPP (stheller@koyote.com)

I can assume that everyone reading this newsletter takes Y2K seriously. The question, of course, is how bad it will be.

I think it is going to be very bad. In fact, the best possible case for which there is any hope is another Great Depression. Why do I say this?

Ironically, my main argument for a terrible outcome is based on one of the primary Pollyanna arguments: "They'll work around it. They always do."

The key here is not "it", which we all agree is shorthand for "whatever problems arise because of Y2K failures". No, the key is who "they" are: the engineers who keep our industrial infrastructure running. Yes , they *do* work around it on a regular basis; in fact, that happens every day.

But what would happen if these engineers were not available? Who would work around these problems then? I think the answer is obvious: no one. And what would happen to our civilization in that case? The answer to that is just as obvious: i t would cease to function until and unless it were rebuilt.

The reason I'm so concerned about a long-term outage of the infrastructure is that I don't believe that most of the engineers will survive very long after rollover.

To see why I'm so concerned about this, let's start with what I expect to happen soon after rollover. On January first, there'll be a spike of errors in process control systems that will cause widespread power outages, communication outage s, and other immediate effects. However, some power companies will manage to keep the power on in many places, and many people will breathe a sigh of relief.

Unfortunately, this relief will turn out to be premature. Over the next several weeks, breaks in the supply chains to the power companies, primarily fuel supplies, will result in a gradual degradation of the infrastructure. Water treatment plants will run out of supplies, hospitals will stop functioning properly due to lack of drugs and other supplies, and this will be repeated in every industry. The economy will grind to a halt.

But the most serious problem, in the north at least, will be frozen pipes. If the power's off for more than a few days in the middle of winter in Detroit, Chicago, New York City, Philadelphia, Pittsburgh, and other northern tier cities, th ey'll be devastated by frozen water pipes and sewer line backups. Plague will follow shortly. Most of the inhabitants of the northern cities will die within a matter of a few weeks, from cold, disease, fires started in an attempt to keep warm, or random v iolence.

This is bad enough, of course, to qualify as a disaster ranking with the Black Plague, if not the extinction of the dinosaurs. But wait, there's more: Most of the engineers that could actually rebuild the infrastructure, or work around the problems in the remaining infrastructure, live in the cities. If we lose too many of them, we may end up in the sort of devolutionary spiral postulated by Infomagic.

Obviously, there's nothing you or I can do to get the engineers to move out of the cities to someplace safer; the information about how bad it might be is widely available on the Internet, not least via this newsletter. If they haven't fig ured out yet, it's not likely they will.

more.....

B.K.
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