Davos meeting: nothing more than benevolent wishes

The slogan of the 50th annual meeting of the World Economic Forum (WEF) in Swiss Davos is nothing more than benevolent wishes that have little practical sense, RISS expert Mikhail Belyaev considers. The WEF convenes under the theme "Stakeholders for a Cohesive and Sustainable World." Belyaev explains this topic as a meaningless cooperation of people who can get benefits of their interests.

"It is clear that modern capitalism has reached a dead end. There are serious contradictions between countries in the trade and political spheres. Economic inequality both between and within countries is also increasing," he said. In his opinion, the world situation is approaching its crisis point. This is not surprising: attachments to capitalism and the pursuit for profit don't solve the urgent problems.

According to U. von der Leyen, President of the European Commission, the people concerned should be involved in solving these challenges. U. von der Leyen stated that the main task was to reconcile our planet with the economy. RISS expert underscored that it would be difficult to implement this proposal. Forum participants will also deliver speeches on economy, ecology, technology, society, infrastructure, and climate.

"Over the past five years, Davos has been nothing more than a conversation of people with common interests. Participants see the Davos meeting only as an opportunity to promote themselves, solve their own problems, and to impress the electorate. But we can hardly expect that the forum will find breakthrough solutions," Belyaev concluded.

economy Davos