Over ninety-nine percent of economists did not predict the 2008 financial crisis.
The vast majority of economists were pro-globalization, by which I mean pro offshoring and outsourcing. They said it would be good for America, they were wrong.
China is predicted to wind up with over 50% of the world’s industry by 2030. Forget all the bullshit about great power competition. It’s over. There may be a war, but if there is one the West will either lose or the world will be destroyed in a nuclear exchange.
Back in the 90s an economist called Brockway liked to say “Economists are bad for your health.”