The World Economic Forum 2023 showed us a ruling class incapable of resolving global crises
Under the aegis of the World Economic Forum, the IMF, other international financial institutions and key Western governments led by the United States, the transnational capitalist class has pushed a brutal capitalist globalization since the 1980s, in the process destabilizing and throwing into insecurity countless communities, whole countries and regions.
As if to symbolize the spreading global revolt, on day three of the meeting, more than a million people took to the streets in nearby Paris toattacks on pensions and other neoliberal policies, while just across the English Channel, U.K. workers pushed forward with a wave of strikes not seen in decades. Not surprisingly, both French President Emmanuel Macron and U.K. Prime Minister Rishi Sunak skipped Davos this year in order to tend to crises at home.and chronic stagnation.
Each year, the international development agency Oxfam times the release of its annual report on global inequalities to coincide with the Davos meeting. According to this year’s report, “,” billionaire fortunes are increasing by $2.7 billion a day even as 1.7 billion or more workers now live in countries where inflation is outpacing wages, and the richest 1 percent of humanity grabbed for itself nearly two-thirds of all new wealth created since 2020.
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