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https://www.nytimes.com/2022/05/21/business/dealbook/world-economic-forum-davos.html>
"The small ski town of Davos, high in the Swiss alps, has heightened security
measure in place during the annual meeting of the World Economic Forum, when
armed guards perch on hotel rooftops while world leaders and business
executives sip champagne below.
Yet today, everything that Davos stands for — globalization, liberalism, free
market capitalism, representative democracy — seems to be under assault.
For the past half century, Klaus Schwab, the patrician founder of the World
Economic Forum, has extolled the virtues of an interconnected world, one where
the free flow of goods, services, people and ideas would lead to shared
prosperity and peace. It was an idealistic vision that endured in spite of
global unrest, and it found adherents in the corridors of power from Palo
Alto, Calif., to Washington, D.C., and from Brussels to Singapore and beyond.
The past two years, however, have fundamentally challenged the viability of
that aspirational worldview.
The coronavirus pandemic prompted a wave of isolationist foreign policy moves,
revealed the fragility of supply chains and left China largely walled off from
the rest of the world.
Russia’s invasion of Ukraine has brought land war to Europe and stoked fears of
broader global conflict.
And even before the pandemic and the war, autocratic rulers were on the rise
around the globe and internal divisions were straining superpowers like the
United States.
Now, as Mr. Schwab prepares to preside over the first meeting of the World
Economic Forum in Davos since the pandemic began, he confronts a world that
looks very unlike the one he has been trying to conjure into being for more
than 50 years."
Via Bill Daul.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
