This comes from the comments of the Economist’s blog:
- I’ve always wondered what the Economist got right that one time before I was born… That’s because ever since the 90s, I’ve found the Economist to be wrong on most of the big things, whether it is taking the contrarian approach or following the mainstream.
In the early 90s, for example, The Economist would lionize Compaq Computer. Issue after issue of the magazine would profile the company and make it sound like the most important high-tech company in history. Does anyone even remember the company now?
Posted by samir21 at March 10, 2007 7:58 AM
and this is one of the replies:
- Samir–Shhh! Also don’t ask if the Economist was right in the 1930’s when it backed appeasement towards Hitler.
Yes, you’re right, the Economist gets most things wrong. But it gets them wrong in an articulate and nuanced way. So the use of the newspaper is not really in its predictive value (it has very little), rather it is that if you can form a viable opinion in reaction to the Economist’s view, you probably have a solid case, since the Economist typically represents the articulate end of mainstream opinion.
Posted by sickels at March 11, 2007 10:50 PM