This week, thousands of the global elite — billionaires, CEOs, celebrities, and government officials — are meeting in Davos, Switzerland for the World Economic Forum (WEF). The purpose of the event, founded by German economist Klaus Schwab, is purportedly to "
I don’t know what else to say, other than this is fucking infuriating.
Instead of bringing together the best minds, this event bringing together the fabulously wealthy to inform them of the very events and trends that will decimate their wealth. It is very much worth it for them to listen so they know what and who will try to put a leash on them. Maybe one or two will be interested to doing something uplifting for the underdogs and ordinary, but the rest will know the playbook of their opponents.
At the rate we are going, the only thing that will stop this is a worldwide depression. Everybody suffers, but a lot of the rich will also be swept away because the money they have is only backed up by our heated up economy.
Wow! Just... wow! Thank you Judd. Nowhere else do I find this type of reporting and it cannot be stressed enough, that this is most important work that you all do Judd.
I want to know just what kind of "Justice Studies" they teach at Arizona State, because somehow Sinema got a Phd in this, and acts like that. It makes no sense to me.
Judd, this is extremely important information. It uncovers the truth of some of the reasons we can’t get real change implemented. I remember watching a group of billionaires talk on tv (years ago) about what they will do with generous donations from their vast wealth. A viewer asked if the decisions should be in their hands just because they have this massive wealth. I’ll never forget the question because it pointed out something very important…why should so few individuals have this power to decide? Warren Buffet was highly offended by the question and said something to the effect of the donations should be appreciated! They didn’t have to do this. They were trying to do good. I’m sure there was a lot of good intent but he missed the fact that, in that situation, money was still buying control!
For a supposedly advanced nation, we are distressingly backwards in terms of social policy.
Manchin and Sinema are bad people. Greedy, bad people.
Rich people are going to get richer and poor people are going to get poorer and a lot of people are going to die. There are no single or overarching prescriptions. The world is now in uncharted territory and by now those who seek to understand have a pretty clear picture of what is happening. The challenge is reaching and motivating the other 90% (a guess at best)of humanity. I fear that only collapse in the broadest sense will reach a majority. But , collapse is really scary. To hope that after everything falls apart and people are starving or dying of thirst or dying of too much heat for too long or civil unrest and chaos , a group of solutions can be created and implemented is just so much to hope for. We need solutions now and we need a collective response to these existential problems. WEF is not the solution. WEF is the problem.
Judd, you're preaching to the choir. Please write and submit op-eds to the Washington Post and New York Times, so those readers and reporters gain awareness of these trends. The Post's economics reporters are especially bad.
As always, you are right on the money, Judd!
First, the Manchin-Sinema spectacle was gross. I wonder if they paid their own attendance fees. Second, Semafor is on the ground in Davos and writing a daily newsletter. Other independent and MSM organizations may be as well, but if so coverage can’t get through the cacophony of House shenanigans and Biden outrage. Third, all conspiracies aside, if the WEF is a confab of the world’s wealthiest “conservatives,” then that’s really all we need to know.
They only care about money. Period. Full Stop.
What do you do when party is a bunch of greedy corporatists... and the other party is even worse?
Two words: Robber Barons.
It is interesting to read this analysis in light of recent reporting on Ron DeSantis. “Florida Gov. Ron DeSantis (R) moved to prohibit state-run fund managers from taking environmental, social or governance (ESG) factors into consideration when making investments.” DeSantis said, “Corporations across America continue to inject an ideological agenda through our economy rather than through the ballot box. Today’s actions reinforce that ESG considerations will not be tolerated here in Florida, and I look forward to extending these protections during this legislative session.” The governor and the trustees of the State Board of Administration said Tuesday they had mandated “that all investment decisions focus solely on maximizing the highest rate of return.” Florida Chief Financial Officer Jimmy Patronis added, “We need asset managers to be laser focused on returns and nothing more. Florida’s not going to subsidize the actions of a bunch of Leftist ideologues who hate America; we’re not going to let a bunch of rich people in Manhattan or Europe try to circumvent our democracy.”
When I read this, I interpreted “rich people in Europe” as the WEF, which I assumed was what prompted the latest announcement from Florida man.