04 Dec
Posted by charles as Journalism, News, commentary
The Reuters story linked here has a line that I find amazing…because it is both true and sad at the same time: Reporting on the “global economic slump”–as the wire service puts it–the writers go on to say that it “appears to be spreading faster than policy makers in the industrialized countries had anticipated.”
No kidding? Really? Could have fooled me.
There are two things made clear by this financial meltdown: there are no “experts”–and the “science” of economics is bogus. There is no such thing. Witch doctors can predict better.
We have never had as many “experts” as we do now…they pop up on TV, the Internet, radio…everywhere. And, they have pretty much been uniformally wrong.
And how is it that all those brains at all those business schools across the U.S. (the world, really) missed calling this now devastating economic debacle, the worst since the Great Depression of the 30s?
For More Commentary, Please Visit www.notimetothinkbook.com, The Official Website For THE Media Book Of 2008-09, No Time To Think
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