Davos has fierce critics on the Left and the Right – it must be doing something right 💬 annemcelvoy for ipaperviews
The arguments against this take on the left tend to group around it being a light coating of social responsibility over a greedy profit-machine, and hypocritical to boot, because people fly to attend it. The reality check is that people will travel for business and networking, and the Davos week is a chance for corporates to meet clients in one go.
But short of abolishing capitalism , we are going to need to capture the best of the free market and state interventions to mitigate the worst outcomes for humanity. Therefore, a talking shop about it all is not the world’s worst idea.US intelligence agencies concluding that its ruler, Crown Prince Mohammed bin Salman,. Ditto China, which sent a delegation. Russia is officially not invited, as an aggressor country .
In truth the Forum tolerates major autocracies which power the world economy or are strategically important . But considering that it is often dubbed too reverent to “liberal values”, Davos cannot oust all countries with troubling record if it is to reflect global realities. Prognostication is not its core skill – the WEF is a bureaucracy unto itself and failed to foresee Trump’s victory and Brexit, in line with a lot of other groupthinkers. It also should have paid more heed to a pandemic threat, along with just about everyone else.
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