Davos and the rise of mistrust: Is Klaus Schwab partly to blame?

Klaus Schwab. What does he actually know about serving markets? (Image: AP)

Tue, 16 Jan 2024

By James FreemanThe World Economic Forum – the 2024 meeting of which is under way this week in Davos, Switzerland – is sometimes cast as a meeting place for global capitalism. More precisely, it’s an annual opportunity for global politicians and activists to persuade American CEOs to stop being capitalists.The ostensibly nonprofit forum’s well-paid founder, Klaus Schwab, has an enduringly successful shtick. He tells the CEOs that people have lost trust in large institutions like theirs. Then he tells them that...

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