Every year since 1971 the World Economic Forum, a meeting of billionaires and their pet statemen and economists, has convened in the Swiss Alps at Davos. This year they have been joined by the 99%. “OccupyWEF” protesters can’t afford the town’s luxury hotels, so they’re using the famed ski resort’s snow as lodging, building a community of igloos.
But the real voice of protest isn’t in an igloo. It belongs to the Forum’s Chairman and founder, Professor Klaus Schwab:
“Capitalism, in its current form, no longer fits the world around us. 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.”
– “WEF seeks to rewire global leadership,” Matthew Allen, swissinfo.ch
Lost your Forum program on the slopes? Borrow our copy here.
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Image by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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Tags: Davos, economics, igloos, OccupyWEF, WEF, World Economic Forum
