SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Ian Davidson who wrote (14413)1/11/1998 1:56:00 PM
From: Gottfried  Read Replies (1) | Respond to of 70976
 
Ian, I have the highest respect for Abby Cohen, too. And that
wouldn't change if her next prediction were wrong. Nobody's
perfect.

GM



To: Ian Davidson who wrote (14413)1/11/1998 3:36:00 PM
From: Gottfried  Respond to of 70976
 
Ian and all, this is an anti-gloom-and-doom post. The Economist
magazine compiled a very readable listing you'll enjoy (except for
a few incorrigibles <G>). I very much recommend the article.

economist.com

Excerpts:
Forecasters of scarcity and doom are not only
invariably wrong, they think that being wrong
proves them right

[snip]
In 1865 an influential book by Stanley Jevons argued
with equally good logic and equally flawed premises
that Britain would run out of coal in a few short years'
time. In 1914, the United States Bureau of Mines
predicted that American oil reserves would last ten
years.
In 1939 and again in 1951, the Department of
the Interior said American oil would last 13 years.
Wrong, wrong, wrong and wrong.
[snip]
Lester Brown of the Worldwatch
Institute began predicting in 1973 that population would
soon outstrip food production, and he still does so every
time there is a temporary increase in wheat prices. In
1994, after 21 years of being wrong, he said: “After 40
years of record food production gains, output per
person has reversed with unanticipated abruptness.”
Two bumper harvests followed and the price of wheat
fell to record lows. Yet Mr Brown's pessimism
remains as impregnable to facts as his views are
popular with newspapers.


GM