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Why an Absence of A-Listers at Davos is not just deep Trouble for the World Economic Forum but for Globalism too
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Establishment Media dissing their own. A little suspicious but reporting a fact that heavyweight and overall attendance at Davos is way down this year.
[link to news.sky.com (secure)]
Why an Absence of A-Listers at Davos is not just deep Trouble for the World Economic Forum but for Globalism too
The world Davos thrived in is disintegrating and the summit has fewer heavyweights attending than in years gone by as the era of globalisation itself appears to be ending.
Davos, the World Economic Forum (WEF) and its founder, Klaus Schwab, have become more famous than ever before in the past couple of years - albeit not for the reasons they might have wanted.
As COVID-19 spread and the world battled the pandemic, Mr Schwab and the WEF, not to mention regular delegates such as Bill Gates, became the subject of a suite of outlandish conspiracy tales, most of which came back to the premise that they were hell-bent on world domination.
Leaving aside the lurid detail of these stories, they seem to have missed the most important point of all, far from becoming more powerful than ever before, Davos is failing.
Before we go any further it's worth pointing out that pinning down what Davos "is" is surprisingly tricky.
At its core, it is a four-day-long meeting of businesspeople, politicians, academics, campaigners and, yes, celebrities, up the mountain in a Swiss ski resort.
There are speeches from world leaders, forums where people talk about the big issues of the day, from poverty to climate change to inequality and countless meetings and parties outside the official World Economic Forum cordons.
Bankers come here to meet potential clients and do deals in hotel suites, politicians have quiet bilateral meetings with their peers and with businesspeople.
It stands and falls on whether it can persuade enough influential people to come here, so that the other influential people can rub shoulders with them.
The second is something deeper: most of the delegates here benefit from a world where capital and trade move freely from one part of the world to another. This place is not the explanation for the globalisation of the past few decades, but it has certainly thrived in that world.
And on both of these fronts, things are not looking good for Davos.
There are plenty of A-list delegates coming to the forum this year, from German Chancellor Olaf Scholz to US climate envoy John Kerry, not to mention the business mainstays like JP Morgan chief executive Jamie Dimon and, of course, Bill Gates.
But the guestlist this time around looks considerably less heavyweight than usual.
There is no US president, no UK prime minister and even Emmanuel Macron is giving the meeting the cold shoulder - little wonder given these nations, and so many others, are battling a cost of living crisis back home.
Full article:
[link to news.sky.com (secure)]
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