The World Economic Forum says it is ’ committed to improving the state of the world’. But in fact the world was in a far better state before the WEF (originally called the European Management Forum), was established in 1971.
For the majority of people of the planet, but not for the super, super rich, things have gone backwards since the first Davos meeting was held. That’s no coincidence as Davos – for all the ’progressive’ waffle about ‘stakeholder theory’ and the ’global public interest’ – is all about maintaining an elite-friendly, neoliberal economic order which has caused so much economic, social, cultural and environmental damage.
Holding court at Davos this year, as in other years, was the octogenarian hedge fund billionaire George Soros, the 16th richest man in the world according to Forbes, with a net worth of $24.5bn.
https://www.rt.com/op-edge/330046-davos-problem-global-economy-elite/