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Davos 2012: The Great Transformation

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posted on Jan, 25 2012 @ 05:07 AM
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The following hardly needs any comment. It is clear enough that the unrelenting global financial crisis is demanding urgent transformation of the global political and economic landscape like no time since, perhaps, the implementation of the Bretton Woods system after World War II

WEF seeks to rewire global leadership


WEF founder and chairman Klaus Schwab told the media on Wednesday that established systems of governance and business are in urgent need of a radical overhaul.

“Capitalism, in its current form, no longer fits the world around us,” Schwab said. “We have failed to learn the lessons from the financial crisis of 2009. A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility.”

“We are looking desperately around the world for people who can offer solutions,” he added. “We are in danger of losing the confidence of future generations.”

Leading actors from the worlds of business, politics, civil society, religion, academia and science will take to the stage in Davos from January 25 to 29 under the banner: The Great Transformation – Shaping New Models.



The world is also facing a series of other potential crises, according the WEF’s annual risk report. These range from a volcanic winter to large scale cyber-attacks that could cripple companies or even governments.

But although the problems are well known, Schwab believes the established leadership models are not up to the job of guiding the world out of its current mess.

“Many people have lost trust in leadership and increasingly perceive life primarily in terms of hardship. The question is: what can we do and what should we do,” said Schwab at the media conference held in WEF’s headquarters near to Geneva on Wednesday.

A new system of leadership would share more power, encourage greater religious tolerance and create more sustainable jobs while removing income inequality, according to Schwab.


Global elite seek new path for capitalism in Davos


The world's political and business elite will shelter from the chill winds buffeting the global economy and plot a new path for capitalism at the annual Davos forum which begins Wednesday.



But it is the title of the debates which catches the eye as much as the participants with the first posing the question: "Is 20th Century Capitalism Failing 21st Century Society?"

Other discussions scheduled include 'Fixing Capitalism', 'Has Globalisation Reached its Economic and Political Limits?' and 'How Will the Eurozone Countries Emerge from the Eurozone Crisis?'.



According to Klaus Schwab, the founder and organiser of Davos, this year's meeting will focus on how to develop a new world modelas "capitalism in its current form, has no place in the world around us."

"The danger for the world is that the political leadership is overwhelmed," Schwab said on Tuesday evening as he welcomed delegates.

"Maybe what we have here is a kind of burnout," added Schwab who founded the forum 42 years ago.

A major survey released on the eve of the summit highlighted how business leaders have little faith in politicians turning things around in the immediate future.

A survey of 1,258 bosses by accountancy firm PricewaterhouseCoopers, timed to coincide with the World Economic Forum of the global business elite, found 48 percent expect economic decline and only 15 percent growth this year.




posted on Jan, 25 2012 @ 05:41 AM
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I would not trust the 'global elite' as far as you can throw them.
One person is saying capitalism does not fit now, and it doesn't. Capitalism only benefits the top of the food chain, and we expect the trickle down effect to work (note: doesnt work).

The global elite need to stop making decisions for us, thats what needs to happen. They need to brought to accountability for the economic crashes of now, 08, and at least the last 20 years. At the very least.

They are going to try to find a replacement for capitalism, which will probable be even worse for most of us on the bottom of the food chain. We do need a great transformation, but that transformation needs to be for the people, not for the profits. Which is not going to change willingly. With all the money comes all the power. With owning everything comes all the power. I can't wait to see if the government will give the banking cartel immunity, or if they will attempt to get the american people to pay for the enormous debt. That is going to be amusing, i can see it now.

"You owe us 60,000 for elites screw ups, so now we need to pay the debt and its on your shoulders! (not theirs, because its your fault for some reason)" (60k each), it won't fly in the least. In america, there is a gun behind every blade of grass. I hope the elite step out of line, i can't wait for them to be gone.

SnF my friend, Very informative post! Sorry for my little rant
I also apologize for the apparent hate in my post, I get mad sometimes. The adrenaline gets pumping when i start thinking about it, because i feel its coming. It will be a choice of the final steps in slavery, or people breaking the shackles and finding their voice.
edit on 25/1/12 by AzureSky because: (no reason given)



posted on Jan, 25 2012 @ 07:17 AM
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Which way is easier :

1.more freedom, less inequality, more jobs, less power for governments, less money for elites, more food, better paid jobs, better healtcare, better social security...OR

2.Screw the above and lets RULE the world with an IRON FIST?

Sure, the "system" needs a radical change, and easiest one is DICTATORSHIP.

Anything else they say is a LIE and MANIPULATION.



posted on Jan, 25 2012 @ 07:17 AM
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Capitalism works fine except when the government interferes with the market and rescues the big banks and investment funds and refuses to let normal market corrections take their course.
Naturally, the little guy is still subject to the normal laws of economics while the "too big to fail" institutions recieve the largesse of government which only furthers their culture of crony and casino capitalism.

If they don't punish those who break the law regardless of who they are the people will only be angered further until they tire of starving for acting ethically while the criminal class dines on caviar.
Once the pitchforks come out all hell breaks loose and it will be entirely deserved.



posted on Jan, 25 2012 @ 05:49 PM
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reply to post by AzureSky
 


Capitalism benefits everyone.. certainly never kept me down, and im far from "elite"

For instance.. America's poor are the richest poor in the World.

The only thing holding me back, stifling my growth, effecting me financially and personally is ... Government. Not a corporation, not capitalism as a theory, not some boss man .... just Government.



posted on Jan, 26 2012 @ 01:12 AM
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Ah, so that explains the pollsters today who reported on capitalism and on what people thought of socialism!
In Canada people do not have that negative a view of it, probably because we have free social programs.

All those very important people who are making /or not making decisions that will impact life on our planet. Lucky for them my name isn't the Almighty.

I had this fantasy where all these bankers and corrupt leaders were made to walk the plank in front of the entire world, and I surprised myself with how much glee I had to see the other kind of sharks chomping at them. The investors are having a ball playing with their stocks and developing their greed beyond an art form. And it's time I went to bed. G'Night. Hope I didn't ruin your thread.



posted on Jan, 27 2012 @ 08:40 AM
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Over US$ 100 Trillion Additional Credit Needed to Support Global Growth:

Credit levels will need to double over the next 10 years, growing by US$ 103 trillion, to support consensus-projected economic growth. This doubling of credit could be achieved without increasing the risk of major crisis, finds:
“More Credit with Fewer Crises: Responsibly Meeting the World’s Growing Demand for Credit,”
a report released by the World Economic Forum in collaboration with McKinsey & Company

www.weforum.org...



posted on Jan, 27 2012 @ 09:06 AM
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People in the corridors of power are starting to get worried. From the world economic forum report:

"Dystopia, the opposite of a utopia, describes a place where life is full of hardship and devoid of hope. Analysis of linkages across various global risks reveals a constellation of fiscal, demographic and societal risks signalling a dystopian future for much of humanity. The interplay among these risks could result in a world where a large youth population contends with chronic, high levels of unemployment, while concurrently, the largest population of retirees in history becomes dependent upon already heavily indebted governments. Both young and old could face an income gap, as well as a skills gap so wide as to threaten social and political stability."

This is fairly incredible language for such a document and it reeks of fear.

Contrary to what many on here believe I don't believe there is NWO conspiracy. There isn't a master plan. Its just been greed and incompetence writ large. They can see people are starting to look with interest at the pitchforks and torches and they don't know what to do.



posted on Jan, 27 2012 @ 10:41 AM
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Anytime powerful people want to control the world around them, they'll promote centralized control in whatever form has the least resistance: Socialism, Fascism, Communism, Dictatorships, Monarchies.

Centralized control shifts power/choice/privacy/liberty/justice away from individuals and businesses, and strengthens the powers that be (all the participants at Davos).
edit on 27-1-2012 by Dbriefed because: (no reason given)



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