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In December 2000, the National Intelligence Board, under the authority of the CIA, released a report called “Global Trends 2015: A Dialogue About The Future With Nongovernment Experts.” The experts included James Steinberg, who is now the deputy secretary of state, and Richard Haass, president of the Council on Foreign Relations.
The report, available at this CIA website, was supposed to be a far-reaching assessment of upcoming issues and threats, compiled by the nation’s premier intelligence agency and leading intellectuals.
Global Trends proved to be more an exercise in group think and ass-covering than anything else, and events have shown the “experts” to be wrong on practically every item of fundamental importance. “The global economy, overall, will return to the high levels of growth reached in the 1960s and early 1970s,” the report predicted. “Economic growth will be driven by political pressures for higher living standards, improved economic policies, rising foreign trade and investment, the diffusion of information technologies, and an increasingly dynamic private sector.”
The widespread improvement in recent years in economic policy and management sets the stage for future dynamism.
International trade and investment flows will grow, spurring rapid increases in world GDP… International capital flows, which have risen dramatically in the past decade, will remain plentiful.
Rapid expansion of the private sector in many emerging market countries—along with deregulation and privatization in Europe and Japan—will spur economic growth by generating competitive pressures to use resources more efficiently. The impact of improved efficiencies will be multiplied as the information revolution enhances the ability of firms around the world to learn “best practices” from the successful enterprises. Indeed, the world may be on the verge of a rapid convergence in market-based financial and business practices.
Also included in the report were a healthy dose of worthless platitudes obvious even to the average middle-schooler (“The information revolution will make the persistence of poverty more visible, and regional differences will remain large”), as well as weak alibis in the event they were wrong (“Potential brakes on the global economy—such as a sustained financial crisis or prolonged disruption of energy supplies—could undo this optimistic projection”).
The cost to the taxpayer for such sage analsysis? $55 billion.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Estimated number of calories a person consumes during Thanksgiving dinner:
The earth had become twice as dusty during the past century.
A man sued Pennsylvania state police who detained him for 29 days when they mistook his homemade soap for cocaine.
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“Shelby is waiting for something. He himself does not know what it is. When it comes he will either go back into the world from which he came, or sink out of sight in the morass of alcoholism or despair that has engulfed other vagrants.”