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'Man-made' climate change: the world's multi-trillion dollar moral panic : Comments
By Brendan O'Reilly, published 22/2/2019The Y2K scare was nevertheless a boon for consultants and IT specialists. It is estimated that US$300 billion was spent worldwide to audit and upgrade computers.
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Y2K wasn't a scam but the scare around it most certainly was. Remember at the time that people talked about planes falling out of the sky or morons like Helen Caldicott talking about nuclear plants blowing up. It was all bogus but some made millions from it.
As you say the problem was that, in the early stages of computers, data storage was expensive and precious so saving space by not recording the year was valuable. But by the early 1990s that was no longer the case so the newer computers started storing the century and/or storing the date as a number eg Excel records the date as the number of days from 01/01/1900.
Therefore any computer and software from around 1995 was always going to be fine. But the scammers convinced millions that they were in trouble if they didn't cough up to solve a problem that didn't exist. One group I know created a programme called Utility 10000 that, they said, checked and fixed all 10000 potential problems in your system. In reality it displayed the number 10000 on screen and counted backwards to 1. It did nothing else because the programmers were able to ascertain within 5 minutes if there was a problem. They made over $300k from it.
Its true that companies with old systems had a problem. But it was a problem that was easily resolved either by simply upgrading the data storage protocols to include the century or via software changes. eg add 36525 (the number of days in a century) to the stored date. I did work for a few Russian companies in those days and one was quoted $US750,000 to fix a problem that I fixed in one hour using the above method.
I'm personally know that GJColes employed over 60 people and a budget of $50 million to fix a problem that their Y2K task-force manager agreed didn't exist.
Before the renewable energy scam, Y2K was the biggest fraud ever perpetrated. And the scammers walked away scot-free and rich.