Will Davos save the world, or put it out of its misery?

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 110 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

In Davos, global elites toast capitalism, fret about climate and party like there's no tomorrow

When this hot planet finally begins to evict us en masse, the global elites might seek refuge up here in the Alps, in the highest town in Europe — if only out of habit. They’re here at this time every year, to negotiate and network and divide up the exciting business of solving the world’s problems. This week was the 50th meeting of the World Economic Forum. The themes were, though humanity seems capable of neither right now. See the mega-fires in Australia.

Then again, try telling that to Anthony Scaramucci, who felt like a small fish at his first Davos 13 years ago but made deals here, built his company’s management portfolio into $11.5 billion, didand now hosts one of the week’s most popular parties. At his yearly “wine forum,” there is jollity, not panic, and 100-point Spanish Riojas, not trillions of flecks of ocean-bound plastic.

That’s the consensus here among the elites: This is it! We were made for this moment! And the way that humanity survives itself while maintaining the world order — and adapting to the “fourth industrial revolution” — is through something called “stakeholder capitalism,” which is an academic way of saying “capitalism that doesn’t grind people into chuck, and suck the planet dry, but still makes us lots of money.

In keeping with the forum’s hard pivot toward the climate crisis, the carpets were made from used fishing nets and the paint on the walls was made from seaweed. The forum is heavily promoting a global effort to plant 1 trillion trees by 2030 and has asked its business participants to commit to net-zero carbon emissions by 2050.

“To embrace the possibilities of tomorrow, we must reject the perennial prophets of doom and their predictions of the apocalypse,” said Trump, who is derided by much of the Davos crowd for his nativist anti-intellectualism but tolerated for his anti-tax philosophy. Davos “is not some fun classy getaway cool thing to do if you’re a CEO,” said Blokker, who is from the Netherlands. “This is a besieged fortress of the last people building walls against reality, thinking that they’re still in charge of a world they lost control of a long time ago. And it’s very troubling that we might see how far they’re willing to go to uphold the illusion.”

“But environmental catastrophe is the bad side of it, and, inside the advanced industrial democracies, we have failed our people,” says Bremmer, who was first invited to Davos more than a decade ago as part of program for young global leaders. “Inequality has grown and grown and grown. I think the globalist ideology and Davos have become synonymous with the system being rigged.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

. Davos 2020 : The Star Wars trilogy has no competition!

It’s too late to reverse it, the only thing we can do is try to lessen it and then we will still hit 2 degrees. 95 % of republicans don’t believe in climate change/global warming and that hasn’t changed since 1995, why? Because they are in too deep with the fossil fuels. Money 💰

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Play it again, Barry: Davos 'Piano Man' gets new gigFor 25 years he had the ear of world leaders, CEOs and even rock stars at Davos,... Can we move all of Davos out?
Source: Reuters - 🏆 2. / 97 Read more »

Full interview: President Trump discusses trade, impeachment, Boeing and Elon Musk with CNBC in DavosTrump sat down with CNBC's Joe Kernen to discuss trade, impeachment, the U.S. economy and much more, including the president's persistent complaints about the Federal Reserve's rate policy. JoeSquawk JoeSquawk Right: Two countries, one that is communist and one who wishes it was communist “No one knows how to encrypt better than I do...”
Source: CNBC - 🏆 12. / 72 Read more »

At Davos, Trump Says U.S. Is a ‘Developing Nation Too’By any definition, it’s not — but that won’t stop Trump’s complaining over the WTO practice of providing special provisions for developing nations. Don't worry, he'll get us there. Well ... it may be after he's done with it. Who says?
Source: NYMag - 🏆 111. / 63 Read more »

Sane Clown Posse: Activists Disrupt DavosThe protesters, traveling under the banners of the Strike WEF Collective and Young Socialists, had begun their march 50 kilometers away, in Landquart “Sane.” SKVL75 I love all these fuckers.
Source: RollingStone - 🏆 483. / 51 Read more »

Indian industrialists at Davos say they aren't too worried about IMF growth downgradeThe IMF marked down India's growth projection for 2020 by 1.2 percentage points from its October forecast and expects Asia's third-largest economy to grow by 5.8% before jumping up to 6.5% in 2021.
Source: CNBC - 🏆 12. / 72 Read more »

Mnuchin goads Greta, Saudis in spotlight and Merkel - what to expect at Davos on ThursdayHere's what to watch for at the World Economic Forum's annual meeting ... È proprio una brava bambina che lotta How dare he! 🤬🤬🤬🤬
Source: Reuters - 🏆 2. / 97 Read more »