25 January 2011

WEF Davos - neither economy nor development

Neither the economy nor development is the main subject of the Annual Davos Circus. Apart from the fact that 4,000 Swiss soldiers are protecting the 'Forum' (at a cost of Sfr 1.5 million) the only reason for the media circus seems to be the self-promotion of the various participants. While some of them may have their participation paid for by the forum the majority is there courtesy of the taxpayer or shareholder of their country or company and is happy to freeload at other people's expense. Quite what the purpose of all this hot air should be becomes more and more unclear and the significance of this PR stunt declines as the number of gawking media representatives rises.

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