Financial Times headline: Talk of doing good rings hollow among global elite
Subheadline: Despite all the chatter at Davos about stakeholder capitalism, the forum has been a sign of lack of progress
If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos. I came away feeling that the 0.1 per cent was more out of touch with the state of the world than it has ever been in the 20-odd years I’ve attended the conference
Maybe it was the Saudi-sponsored café on the promenade, branded with the name of Crown Prince Mohammed bin Salman, the man who, according to declassified US intelligence, was responsible for the murder of exiled Arab journalist Jamal Khashoggi. Or perhaps it was the socialite who told a Ukrainian official addressing her luncheon to “keep it short”.
It could have been the conversations about climate change held over beef dinners. Or the massive armed police and security presence, which always makes me wonder if the global elite ever consider why so much protection is needed at these gatherings in the first place.