Some things in this world need time to mature. Cheese and wine, relationships, our self-esteem… But they are not what this post is about. Quite on the contrary – we will be looking at things that miserably failed the test of time and made it into full walk of shame mode.
One of of three right isn’t bad for #7
Actually, Krugman’s prediction about the Internet was accurate. It has certainly changed the world, but he was making a prediction on the economic impact, not the cultural impact. We have trouble seeing the impact in productivity data, just as we do about the IT revolution generally. Economically-speaking, the IT revolution hasn’t affected the economy the way, say, prior shocks like the telephone, trains, steam engines, etc, did.
These were great! Thanks for posting!
Krugman also predicted that the stock market would NEVER recover from DJT’s election. NYT is exactly where this clown belongs.
Despite the small business ruining juggernaut that Amazon became, early attempts at being just an online bookseller were failures. It wasn’t until Bezos mastered his supply chain that Amazon became worth anything at all. And now, we can’t seem to shut it off.
Elizabeth Holmes should’ve tried her hand at politics, where lying through your teeth is paid handsomely.
“Economically-speaking, the IT revolution hasn’t affected the economy the way, say, prior shocks like the telephone, trains, steam engines, etc, did”. Are you out of your mind? What is your field of work? carrot farming? IT has changed everything: look just at banking, on-line sales, logistics (the back-office and planning aspect), and more over: robotized factories, CNC machines!!!, data analysis applied to every aspect of the production process. I work in a laundry, just a $%& laundry, and we have so many computerized washing machines, water extractors, sorting systems, folding equipment. All our billing is computerized, and we can keep track by the hour of how much energy/water/labor we’re using, so we know exactly our daily costs, we don’t have to wait untill the end of Fiscal Year to guesstimate our costs.
Armstrong writing a book about his “achievements” took balls. Or at least one.