Re:1987 Time Capsule Predictions by Sci-Fi Writers About 2012
by brc on Friday July 27, 2012 @03:04AM
(#4300337)
I wouldn't say that (1) is very correct. Economic cycles are worse than ever because the same mistakes keep getting made. But the part about exporting work to third-world countries and less starvation is dead-on.
[ Parent
| on HN ]
Re:1987 Time Capsule Predictions by Sci-Fi Writers About 2012
by run4yourlives on Friday July 27, 2012 @12:16PM
(#4302101)
I'd say that you are doing exactly what many of the submissions did in 87 with regards to the AIDS pandemic - taking something at the top of its influence curve and incorrectly assuming that to only be the beginning of said curve.
In essence, overstating a trend because you are in the middle of participating in it.
There is nothing overly dramatic about this economic cycle than any other down cycle. It's certainly nowhere close to previous cycles.