A very ominous and scary meeting of the world’s “elites” in Davos making a predictable statement.
Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.”
“We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations,” said Klaus Schwab, host and founder of the annual World Economic Forum.
“Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.
“We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual,” the 73-year-old said, adding that “capitalism in its current form, has no place in the world around us.”
Some 1,600 economic and political leaders, including 40 heads of states and governments, will be asked to come up with new ideas as they converge at eastern Switzerland’s chic ski station for the 42nd edition of the five-day World Economic Forum which opens Wednesday.
The problem isn’t capitalism at all. It’s corrupt government institutions and leaders who are using stateist bureaucracies to steal more and more money from businesses and individuals to fund their mismanaged and corrupt governments which are inherently dysfunctional.
All governments become a mess in time, the larger and richer ones get more decadent over time because the political will to keep it working properly isn’t there.
We can only hope that these so called elites do not try to foister more socialism on us, but that is exactly how they think and want things to be. Socialism fails worse and harder than capitalism ever has. But they never get that. There are still lots of people who yearn for failed socialist states of the past that were horrible and downright evil. Because people aere lazy and love the idea of some government taking care of things. The problem is that simply never works. Witness Europe, Canada and now the U.S.