IanWorst Inventions Of All Time
June 11th 2010 02:04
On this article from Time Magazine, they take a look at the 50 worst inventions of all time and the reasons whey they're so bad.
From the zany to the pointless and downright dangerous here is a sample. View the full list of 50 here.
Give inventor Dean Kamen this: he's a master of buzz. A closely guarded secret that was supposed to change the world upon its release in 2001, the Segway never brought about its promised revolution in transportation. Though the technology is pretty cool — very expensive gyroscopes make the thing nearly impossible to tip over (though George W. Bush found a way) — the Segway's sales far underperformed vs. Kamen's predictions. It lives on as the vehicle of choice for mall cops and lazy tourists
Marketers should have known — don't mess with consumers' sentimental attachment to a product. Especially when it's 99-year-old Coca-Cola. The "newer, sweeter" version, introduced April 23, 1985, succeeded in blind taste tests but flopped in the real world. Phone calls, letters and rants from Coke die-hards flooded in, and just three months after its debut, New Coke was removed, and the word Classic was added to all Coke cans and bottles to assure consumers they were getting their first love.
The 1971 model is, hands down, one of the worst cars of all time. That's what happens when an automobile has the nasty tendency to literally explode when involved in a rear-end collision. Adding insult to injury was the infamous memo Ford wrote after learning about the problem, arguing it'd be cheaper to pay settlements to victims than to fix the Pinto.
Betamax wasn't so much a bad product as a lesson in marketing gone awry. The also-ran to VHS in the video-format wars, Betamax was pushed by Sony as a proprietary format in 1975 before it was completely ready, in a race to get manufacturers on board. But while Betamax could record up to an hour of video, VHS could record up to two hours. That slight advantage was enough for VHS to gain a foothold in the market, one it never relinquished. Betamax became a footnote.
The flimsy piece of foundation that brought the U.S. economy tumbling into recession, subprime mortgages are risky loans given to people with shaky credit histories. When interest rates dipped in 2004, banks began granting mortgages to people who really, really shouldn't have had them. Even worse, many were structured adjustable-rate mortgages, with interest rates that climbed after the first few years. The result was a wave of foreclosures and banks with a lot of bad loans on their books. In short, financial catastrophe.
From the zany to the pointless and downright dangerous here is a sample. View the full list of 50 here.
Segway
New Coke
Ford Pinto
Betamax
Subprime Mortgages
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