{"id":678,"date":"2010-01-27T11:44:53","date_gmt":"2010-01-27T11:44:53","guid":{"rendered":"http:\/\/shekharkapur.com\/newblog\/?p=678"},"modified":"2010-01-27T11:44:53","modified_gmt":"2010-01-27T11:44:53","slug":"what-is-the-world-economic-forum-at-davos-about","status":"publish","type":"post","link":"https:\/\/shekharkapur.com\/blog\/2010\/01\/what-is-the-world-economic-forum-at-davos-about\/","title":{"rendered":"What is the World Economic Forum at Davos about ?"},"content":{"rendered":"<p>As the most important annual networking weekend between business, economic policy makers, bankers and politics ?  Yes, Davos is unbeatable.  But to be touted as the place where people get together to solve the economic problems of the World is a little silly. Most of the people attending c<em>aused<\/em> the ecomonic problems of the world.<br \/>\nThe people attending the forum are much more interested in solving their own economic problems, their own balance sheets, their own positions of political power.  There is nothing wrong with that. It&#8217;s how the world exists and business is done.  However the assumptions that in solving their own problems  effectively provides solutions to the problems of the rest of the planet is completely false.  90% of the people of the World are irrelevant to Davos, except as perhaps potential markets.<br \/>\nThere&#8217;s is a wrong view of the world economy. We can no longer live in isolated oasis of economic prosperity dotted around the planet in an overpowering sea of poverty.  Globalization has made sure that social strife too is an exportable commodity much more than it was a decade ago.  The movers and shakers at Davos should think about that as they clink their Champagne glasses over their deals.<br \/>\nThey should also know that all the economists, bankers, political  and business leaders concentrated in that little village this weekend have consistently got it wrong.  That is because that the harsh truth is &#8211; that creating  the economic reforms that the world really needs  will  erode the power and business base of the very people making the decisions at Davos.  Highly unlikely they will do that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the most important annual networking weekend between business, economic policy makers, bankers and politics ? Yes, Davos is unbeatable. But to be touted as the place where people get together to solve the economic problems of the World is a little silly. Most of the people attending caused the ecomonic problems of the world. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-678","post","type-post","status-publish","format-standard","hentry","category-current-events"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is the World Economic Forum at Davos about ? - Shekhar Kapur<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shekharkapur.com\/blog\/2010\/01\/what-is-the-world-economic-forum-at-davos-about\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the World Economic Forum at Davos about ? - Shekhar Kapur\" \/>\n<meta property=\"og:description\" content=\"As the most important annual networking weekend between business, economic policy makers, bankers and politics ? 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