1 IN A WORLD DEFINED BY SCARCITY, there will always be a bountiful harvest of bad predictions about the future. This is true for both foreign policy and FOREIGN POLICY alike. In January 1989, East Germany’s leader, Erich Honecker, declared that the Berlin Wall would still be standing in “50 or even 100 years.” He turned out to be off by 49 to 99 years; the wall crumbled 10 months after his statement.

No one writing in the pages of this magazine has been as consequentially wrong as Honecker. Nonetheless, even a cursory perusal of FOREIGN POLICY’s archives reveals some serious errors in foresight. One article in the Winter 1999-2000 issue by the Russia expert Daniel Treisman claimed that Boris Yeltsin’s successor as president of Russia would “find himself blocked in by the realities of Russia’s political game, pushed back toward a set of policies and a style of governing that closely resemble Yeltsin’s.” In retrospect, this seems like a poor description of Vladimir Putin’s style of governance. This is less Treisman’s fault than a consequence of the ever present danger of believing the status quo will persist.

Similarly, a 1995 article by the sociologist Jack A. Goldstone asserted that rapid economic growth would not save the Chinese Communist Party (CCP) and that “we can expect a terminal crisis in China within the next 10 to 15 years.” It is safe to say that the CCP has, so far, managed to endure and entrench itself. Goldstone was proved wrong because the past didn’t predict the future; Chinese economic growth accelerated to a historically unprecedented rate.

Likewise, in early 2009, the economist William Easterly forecast that the 2008 financial crisis would