Reply to post: Sir George Iacobescu...

Pavegen: The Company that can't make energy out of crowds tries to make money out of them

Dodgy Geezer Silver badge

Sir George Iacobescu... not a mathematical moron. He studied Civil and Industrial engineering at Bucharest University. After graduating, he worked as a structural engineer in Romania, his first job designing pump stations for a state-run business. This was behind the Iron Curtain where, if you didn't get the maths right, you and your family suffered.

So he knows that it's rubbish. Which is why he's not putting any money in. But you have to ask the 1M$ question - why is he praising it?

And the answer to that is the same reason that scientists are falling over themselves to claim that 'Climate Change' will kill us all, and that politicians are claiming that war in the Middle East is what the West should be encouraging, and that the Saatchi brothers are claiming that Tracy Emin is a great artist. It's because humans have a 'herd mentality' and they follow weird, provably wrong ideas all the time, because social pressure stops people saying that 'the Emperor has no clothes'.

Charles Mackay wrote a book about it. Extraordinary Popular Delusions and the Madness of Crowds . You can pick up a copy from Amazon for only a few pounds...

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