Our managing editor asked for ideas to include in a special looking-ahead-to-the-coming year section, and I suggested remarking on the inexplicable popularity of looking ahead to the coming year, a mystery considering how off base they usually are. To his credit, he said, "Yeah, do that."
Short answer: not very.
Yes, the article had the promising print title “Russia’s battlegrounds.” But neither of the two projected fights involved actual warfare.
“One is elections,” wrote Arkady Ostrovsky, The Economist’s Russia editor. “The other is the freedom of the internet.” The story, which you can read online here, ended, “The war over the internet will define Russia’s near future.”
If only. Then again, year-end predictions seldom come true, and it’s telling that a) the media keeps making them anyway, and b) people still read them and c) nobody seems to look back to see how poorly past prognostications worked out.
Grab any list from last year and the misfires are so wrong, they’re almost funny.
Forbes’ “Ten Predictions for 2022,” written by Adam Strauss, offered as a guide to help people invest money, at least began by admitting that augury is “tricky” and lowering the bar by adding “predictions can be fascinating and informative, even if many of them turn out not to occur.”
Which many did not. Not No. 6, Congress legalizing pot. Nor No. 8, “Cryptocurrency and blockchain applications continue to grow,” claiming that, “Bitcoin exits the year with a price above $50,000.” Try about a third of that: $17,757 in mid-December. I bet Forbes’ face-plant wasn’t so fascinating and informative for anyone who made investments based on its tea leaf-gazing.
Nor did No. 9 come true, Republicans taking control of the Senate. But most of the media botched that, the anticipated red tsunami turning out to be a pink splash. (At least I suggested, right before the midterm, there was hope the red wave wouldn’t come, since Brazil president and Trump manque Jair Bolsonaro got the boot in Brazil.)
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