Media Part: Davos…the game is over Economy News

All the great people of this world were there as usual, but the 54th World Economic Forum left in the minds an image of a world revolving in a vicious circle, where it no longer Davos The “Magic Mountain” became more and more like a sanatorium isolated from everything.

With this introduction, the Media Part website opened a report by Martine Orange, at the beginning of which she pointed out that the organizers of the 54th forum felt that they were not able to achieve what they sought, as the title came “Rebuilding Confidence” at a time when the world is shaking due to wars, geopolitical crises, and unreasonable economic and social tensions. Precedented, as if there was an urgent need to try to regain control of the topic in order to make it appear as if the forum was directing matters.

At the conclusion of this event – which brings together every year in the small Swiss village political leaders, bankers, presidents, lobbyists and major financiers on the planet – this year one impression prevails, which is that the discourses of the “adults” in this world have become in a vicious circle, to the point that the financial press The International – which usually devotes a huge amount of space to this event – backed away from it as if everyone had a feeling that what was essential was happening elsewhere.

Unprecedented accumulation

However, nothing was missing to ensure that the show would be great. As usual, hundreds of private planes were lined up and the stars of the moment were also present at the ceremony, but the interest was only from celebrity magazines, as the writer sees.

The organization has published Oxfam Non-governmental organizations – as is the case every year – a few days before the conference published a new report on the great wealth of the world, as the wealth of billionaires has increased by $3.3 trillion since 2020, that is, at a pace 3 times faster than inflation, and they seized approximately 70 euros from… For every 100 euros produced, they leave crumbs for the rest of the world.

The report showed that 1% owns 48% of the total global financial assets, indicating that if nothing changes, one or more billionaires will own wealth exceeding the threshold of a thousand billion dollars, which is equivalent to the gross domestic product of 80% of the countries of the world, within a decade. One at the latest.

In the face of these numbers, which show an unprecedented accumulation of wealth, an unprecedented widening of the inequality gap, and the placing of private wealth in direct competition with states, the participants in Davos did not attempt to respond to this, and they realize that the happy globalization and unbridled competition that Davos has been tirelessly promoting for more than 30 years Years do not stand up to the test of reality.

Blind faith in technological solutions

Despite everything, the actors came to the podium in an attempt to shape the future, but their programs do not change, like Klaus Schwab at the head of the Davos administration, even though he is 86 years old, because everyone is striving in every way possible to maintain the enormous influence they have gained over the past three decades. They imposed their ideology, theories, and wills on all governments.

In response to multiple challenges and to confront the “many-faced crisis” – in the words of economist Adam Tooze – they, even if they do not declare it, support an increasingly illiberal transformation characterized by an unlimited increase in defense and blind faith in technological solutions.

This world’s leaders have long been convinced that technology will be the solution to climate change, the decline in productivity in Western economies and all other problems that may arise.

Overtaken by the speed of innovation and discussion, particularly evident during the crisis at the Open AI Summit, they decided to use Davos to catch up.

Sam Altman was reappointed as chairman of the GPT founding group and was welcomed as a mentor. Altman explained to the audience, “Concerns about artificial intelligence are justified, but they are undoubtedly exaggerated.”

He added that artificial intelligence is far from perfect, and still has many gray areas and flaws, but nevertheless he believes that we must accept making “uncomfortable” decisions.

The only thing that is certain for Altman – according to the site – is that these new areas should not be regulated under any circumstances, or at least not at the present time, because the developments are too recent to set boundaries that would restrict innovation, and this is what he agreed. It is the participants who consider every organization as an obstacle to freedom.

Javier Millie

In this area, the new Argentine president intervened Javier Millie – Who attended an international meeting for the first time, and gave a wild speech repeating all his libertarian heresies, according to the writer – “I am here because the West is in danger, because the values ​​​​that are currently being defended inevitably lead “towards socialism and poverty”, and he attacked the feminist movement, the environment, social laws, labor law and other things. Many others, adopting the old slogan of neoliberalism.

“The state is not the solution or even the problem, it is the enemy that must be defeated,” he said, but the audience was embarrassed by Milley’s speech because it held up a distorted mirror to the point of caricature of the speeches and remarks they have made over the past decades.

For most of these presidents, these bankers, and these financiers, it was not ultimately about depriving themselves of the state, but on the contrary, acting in such a way that all public resources were directed towards their interests. The Covid-19 period, the energy crisis, inflation and wars have led to Ukraine and the Middle East want to promote this seizure movement, and they want to amplify it.