The Unpredictability Factor

Predictions are inherently inaccurate because in the time horizon of 10 to 12 years many other things happen which cannot be foreseen, and which cause all kinds of good and bad effects. Speculation is useful and starts interesting discussions (like death rate predictions and economic consequences), helping us make the right steps.

The Prediction that can’t go wrong: The future is always unpredictable.

• During 9/11, it was predicted that the event will permanently alter our sense of irony. In reality, 9/11 caused massive changes in air travel norms.

• At the time of the 2009 financial crisis, Time Magazine declared that conspicuous consumption is now over. In...