Sunday, January 13, 2019

Davos 2019 Looms

Western greed and excess are symbolized by the annual gathering of the World Economic Forum in Davos, Switzerland.  The WEF catered to the billionaire class and coddled private equity founders as their outsized influence displaced the basic needs of common citizens.  What does the WEF have in store for 2019?  It's globalization 4.0

To draft a blueprint for a shared global-governance architecture, we must avoid becoming mired in the current moment of crisis management.

Specifically, this task will require two things of the international community: wider engagement and heightened imagination. The engagement of all stakeholders in sustained dialogue will be crucial, as will the imagination to think systemically, and beyond one’s own short-term institutional and national considerations.
These will be the two organizing principles of the World Economic Forum’s upcoming Annual Meeting in Davos-Klosters, which will convene under the theme of “Globalization 4.0: Shaping a New Architecture in the Age of the Fourth Industrial Revolution”. Ready or not, a new world is upon us.
Globalization 1.0-3.0 ended up with economic gains going to the Davos class.  Average people have been living under a new world where our voices do not matter and our pay does not go up.

Our elected officials cater to the David Rubensteins (Carlyle Group), the Stephen Schwarzmans (Blackstone Group), the David Bondermans (TPG Capital) and Leon Blacks (Apollo Global).  The PEU boys have spoken at Davos for at least ten years.    Six years ago Rubenstein, Schwarzman and Bonderman attended.  Nine years ago the group held off the removal of preferred carried interest taxation by U.S. elected officials.

The global governance architecture is led by the greed/leverage boys and a reformed Saudi Prince who jailed his relatives and ordered the execution of a U.S. based journalist.  The World Economic Forum highlighted Saudi Crown Prince Mohammed bin Salman at their 2018 gathering.

No one should trust this group.  Their desire for more power and money is clear.