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World Economic Forum

Davos Elites Talk About Rebuilding Trust; People Talk Of System Change

January 24, 2024 Jenny Ricks, Portside. , , ,
With war threatening to escalate in the Middle East, as well as crises in Ecuador and many other parts of the world, most people are not even aware that the annual World Economic Forum in Davos, Switzerland is rolling around again this week. In the context of sharpening inequalities, and perilous global politics, what relevance does this gathering have outside the elite bubble? The Forum’s annual Global Risks Report itself posits misinformation, societal polarization, extreme weather conditions, conflict, and rising cost of living among the key risks to the global economy this year. What the WEF has failed to define is that for many, the coming year does not bring the threat of multiple crises.

President Petro Condemns Capitalism: ‘Building Walls And Dropping Bombs’

January 21, 2024 Orinoco Tribune. , , , , , ,
The president of Colombia, Gustavo Petro, made a statement at the World Economic Forum in Davos, Switzerland, that he would like to see “the power of international law” restored, and the global financial system changed. During his speech this Wednesday, January 17, at the “Addressing the North-South Schism” panel, the Colombian president referred to the need to reestablish “the power of international law,” which he noted “has practically fallen to pieces.” On Tuesday, President Petro referred to his proposal to change public debt for environmental protection, especially in the Amazon, a region that he reiterated requires urgent climate action.

Davos And The Melting World Economy

January 17, 2024 Michael Roberts, Left Voice. , , , ,
The annual jamboree of the rich global elite called the World Economic Forum (WEF) is under way again in the luxury ski resort of Davos, Switzerland.  Thousands will attend and many of the ‘great and good’ of political and corporate leaders have arrived in their private jets with huge entourages.  The speakers include China’s premier Li Qiang, the head of the EU, Ursula von de Leyen, Zelenskyy from Ukraine and many top business leaders. The WEF aims to discuss the challenges facing humanity in 2024 and onwards.  These challenges, however, are primarily seen from the point of view of global capital and any proposed policy solutions are driven by the aim to sustain the world capitalist order.

The Rich Get Richer While Global Poverty Deepens

January 17, 2024 Tanupriya Singh, People's Dispatch. , , , , ,
The wealth of the world’s top five richest men has more than doubled since 2020 while 4.8 billion people, or 60% of humanity, have been further impoverished. At this rate, while it could only take a decade for the world to have its first trillionaire, it will take 229 years to ensure that no person is living in poverty. These findings are part of a new report titled Inequality Inc. published by Oxfam International, released on the eve of the World Economic Forum meeting in Davos, Switzerland. “We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom.

Let Them Eat Bugs: Challenging The WEF’s Corporate-Driven Food Reset

August 8, 2023 Colin Todhunter, Dissident Voice. , , ,
The prevailing globalised agrifood model is built on unjust trade policies, the leveraging of sovereign debt, population displacement and land dispossession. It fuels commodity monocropping and food insecurity as well as soil and environmental degradation. It is responsible for increasing rates of illness, nutrient-deficient diets, a narrowing of the range of food crops, water shortages, chemical runoffs, increasing levels of farmer indebtedness, the undermining and destruction of local communities and the eradication of biodiversity. The model relies on a policy paradigm that privileges urbanisation, global markets, long supply chains, external proprietary inputs, highly processed food and market (corporate) dependency.

Davos Elites Can’t Solve The Problems They Create

January 17, 2023 Grace Blakeley, Tribune Magazine. , , , ,
At the start of each year, the World Economic Forum—organiser of the annual Davos conference currently underway in Switzerland—releases its list of the ‘global risks’ expected to dominate over the following twelve months. This year, researchers at the WEF decided that these risks are so great, and so interwoven, that we are now entering an era of ‘polycrisis’. The clearest risk in the immediate term is a global recession. The UK, most of Europe and the US are pretty much guaranteed to go into recession in 2023. The downturn will be worse in Europe due to the ongoing energy crisis and the war in Ukraine. The fact that an inflationary crisis—and, relatedly, a cost of living crisis—is taking place alongside this economic downturn makes the outlook even more grim. We’ve had a decade of slow growth and, looking ahead, it’s hard to see where growth is going to come from in the future.

Does The World Economic Forum Measure Up To Nicaragua?

July 18, 2022 Stephen Sefton, Tortilla con Sal. , , ,
In that uncertain context, when a report like this year's World Economic Forum Report on the Global Gender Gap appears, people living in the majority world naturally look twice at its underlying principles, moral vision and assumptions. This is especially so in countries like Cuba, Nicaragua and Venezuela or other countries around the world similarly under attack from the same Western corporate and political elites who control the World Economic Forum itself. An important feature of the WEF report is its dependence on the data and presupppositions of diverse Western institutions and organizations. But despite this ostensibly unfavorable context, the WEF report does indeed recognize the tremendous advances in equality for women in Nicaragua

We Need A Peoples’ Movement And Not The World Economic Forum

December 6, 2021  Abayomi Azikiwe, Global Research. , , ,
Detroit, which remains a major industrial center in the sectors of automotive and other sources of production and services, is a focal point for the economic and social transformations of urban areas in the United States and internationally. Since the 19th century, the city has been a location for various forms of manufacturing, mining and shipping. Initially there was the strategic location linked to the Great Lakes and rivers which flow into them. The mining of copper during the mid-to-late 19th century which fueled migration eventually gave way to steam engine manufacturing for shipping and the timber trade. By the early decades of the 20th century, the first assembly line within auto production was established by Henry Ford. The production of millions of automobiles within a matter of years, created the demand for jobs and the consequent suppression and division of labor.

World Economic Forum Targets Detroit

September 3, 2021 David Sole, Struggle La Lucha. , , ,
The World Economic Forum (WEF) has announced plans to open a “Global Center for Urban Transformation” in Detroit in October 2021. The WEF is an international non-governmental organization (NGO) that describes itself as aiming to improve “the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.” It has been in existence since 1971 and is based in Switzerland. This won’t be the first time the capitalist corporate, banking and political power-brokers have focused on the Motor City to promote their plans to strengthen their exploitative system on the backs of poor and working people. The Michigan Emergency Committee Against War & Injustice (MECAWI) and the Moratorium Now Coalition played a pivotal role in all of these earlier actions and are part of a growing coalition to once again confront them.

Putin Explains Why We Need New Economic Policies

February 3, 2021 Moon of Alabama. , , ,
The President of Russia Vladimir Putin has given a great speech to the Davos 2021 online forum organized by the World Economic Forum. As usual it created little echo in the 'western' media. Putin sees a new danger of large international conflicts. Economic imbalances have caused socio-political problems in many countries which, when externalized, can lead to international conflicts. To solve this one has to reject the laissez faire doctrines that caused the economic imbalances. The nation states must intervene more in their economies. The people must be seen as the ends, not the means of such economic policy. There must be more international cooperation through global organizations to enable this everywhere.

Global Poll Finds Majority Believe Capitalism More Harmful Than Good

January 21, 2020 Andrea Germanos, Commondreams. , , ,
A global survey out Monday ahead of the World Economic Forum summit in Davos shows that over half of respondents believe capitalism in its current form does "more harm than good." "Welp, glad that's settled then," mused one Twitter user. The findings are from the 2019 Edelman Trust Barometer, which polled over 34,000 respondents in 28 markets to measure trust in government, business, NGOs, and media. Fifty-six percent of respondents said they agree with statement, "Capitalism as it exists today does more harm than good in the world." That belief was expressed by a majority across age group, gender, and income level divides. In fact, there were just six markets were the majority of respondents did not agree—Australia, Canada, the U.S., South Korea, Hong Kong, and Japan.

Farewell To The World Social Forum?

November 13, 2019 By Roberto Savio, Greattransition.org ,
The first World Social Forum in 2001 ushered in the new century with a bold affirmation: “Another world is possible.” That gathering in Porto Alegre, Brazil, stood as an alternative and a challenge to the World Economic Forum, held at the same time an ocean away in the snowy Alps of Davos, Switzerland. A venue for power elites to set the course of world development, the WEF was then, and remains now, the symbol for global finance, unchecked capitalism, and the control of politics by multinational corporations.

Hundreds Of Groups Oppose Corporate-Governance Agreement Between UN & World Economic Forum

September 29, 2019 Transnational Institute. , , ,
The UN Secretary General and the World Economic Forum signed on June 13 a Strategic Partnership Agreement for the implementation of the 2030 agenda (SDG). More than 240 organisations signed the following letter demanding the end of the agreement and denouncing it for formalising the corporate capture of the UN and moving towards an increasingly privatized and less democratic global governance. We the undersigned call on you to terminate the recently signed United Nations-World Economic Forum strategic partnership agreement. We are very concerned that this WEF-UN partnership agreement will de-legitimize the United Nations and provide transnational corporations preferential and deferential access to the UN System. The UN system is already under a big threat from the US Government and those who question a democratic multilateral world.

Global Economy On The Brink As Davos Crowd Parties On

January 25, 2019 Jack Rasmus, Jackrasmus.com , ,
“At Davos, Switzerland every year the global capitalist elite gather to party…and to prepare for the year ahead. This year more than 1500 private jets will reportedly fly in. Thousands more of their underling staff will travel via business class to handle their personal, and corporate, logistics. Shielded from the media and the pubic, the big capitalists share views in back rooms and listen to experts on finance, government policy, technology, and the economy. The experts are especially probed to identify and explain the next ‘black swan’ or ‘gray rhino’ event about to erupt.

Facing Populist Assault, Global Elites Regroup In Davos

January 22, 2019 Paul Wiseman and Jamey Keaten, Apnews.com , ,
DAVOS, Switzerland (AP) — As the world’s financial and political elites convene here in the Swiss Alps for the World Economic Forum, their vision of ever-closer commercial and political ties is under attack — and the economic outlook is darkening. Britain’s political system has been thrown into chaos as the country negotiates a messy divorce from the European Union. Under President Donald Trump, the United States is imposing trade sanctions on friend and foe alike, and the government is paralyzed by a partial shutdown over immigration policy that forced Trump and a high-level U.S. delegation to cancel the trip to Davos.
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