Saturday, January 20, 2018

Davos the Epitome of Western Corporate Greed

For whom has the world improved?  The global billionaire corporate class that sponsors the World Economic Forum.  Consider the state of the average worker:

"the average American worker has not been paid more since 1974 for an hour’s work."
That's 44 years with stagnant worker wages.  The World Economic Forum started in 1970.  It became the must attend meeting for Western corporate chiefs and sponsored politicians

“We are seeing a flowering of corporatism where government is designed to maximize the opportunities of giant influential companies and industries that spend a lot of money lobbying,” he said. “We continue down that primrose path today with yet another cycle of deregulating designed to help corporations.”
The irony is that voter push back against self-serving politicians got Donald Trump the White House, which he is using to enrich his personal empire.

In promoting their 2018 event the World Economic Forum stated:

"Citizens yearn for responsive leadership; yet, a collective purpose remains elusive despite ever-expanding social networks. All the while, the social contract between states and their citizens continues to erode."
And the billionaire boys at Davos will ensure it continues to erode.

Update 1-22-18:  The billionaire boys took home 82% of all new wealth in 2017.  The bottom half took home nothing, nada, zip.   WEF sponsors have been supremely successful.  The Billionaire Boys Club lobs softball questions to make members look good.

Update 1-24-18:  Goldman Sach's Lloyd Blankfein said President Trump has gone "out of his way to be very, very supportive of the system."  That makes the billionaire boys in Davos very happy.