All these years of the high level meetings at the World Economic Forum in Davos and what do we have to show for its efforts? At the INSIDERS BALL, where the elites exchange views and pay up to $500,000 for the privilege to listen to ideas that are to move the global capitalist system forward. If the results of the last decade are the aggregation of the best ideas that the “best and brightest” are capable of, then it is time to end the charade of Davos and send the global elite home in tears before they can cause any further damage? The DAVOS crowd has fared well as the global economy has suffered creating a huge question mark over the policy output that is the result of the global hierarchy gathered in the scenic environs of Switzerland. This view is not new as the economist Adam Smith warned long ago:
Posts Tagged ‘World Economic Forum’
Notes From Underground: SHOULD THE SEC CLOSE DOWN DAVOS AS IT IS THE EPITOME OF INSIDER TRADING?
February 2, 2011Now that the lights have been turned off at the World Economic Forum in Davos, and all the sycophants have praised the wealth creators of the world, the question must be asked: What takes place in this beautiful resort that people spend up to $500,000 for the privilege of sharing thoughts with the global movers and shakers? If so much can be gained by listening to policy makers in private sessions, shouldn’t the whole FORUM be deemed an inside trader’s paradise?