The article discusses the World Economic Forum (WEF), an annual gathering of global leaders and business executives, which takes place in Davos, Switzerland. The WEF was founded by Klaus Schwab in 1971 and is now run by BΓΈrge Brende. This year's gathering will be the first without Schwab's looming presence, as he stepped down from the organization's board last year amid allegations of unauthoritative spending.
The article highlights the contradictions between the WEF's stated purpose and its current practices. The WEF was originally founded to promote a "rules-based global order" where business works with governments to achieve their profits while meeting the needs of their people. However, many argue that the organization has become unaccountable and lacks legitimacy.
The article also discusses the changing nature of Davos, from being a platform for shaping diplomatic efforts in the late 1990s and early 2000s to becoming increasingly dominated by business leaders. The number of private jet flights associated with Davos has tripled between the 2023 and 2025 meetings, highlighting the climate impact of the event.
The article features interviews with several individuals who have been involved with the WEF over the years, including Jamie Drummond, a former Young Global Leader who co-founded the One charity with Bono. He argues that while Davos is on the decline, it's not dead yet and that he will still be there this year to influence some of the world's most powerful people.
Overall, the article suggests that the WEF faces significant challenges in its future, including a lack of legitimacy and accountability, and that its purpose and practices are no longer aligned with its founding mission.
The article highlights the contradictions between the WEF's stated purpose and its current practices. The WEF was originally founded to promote a "rules-based global order" where business works with governments to achieve their profits while meeting the needs of their people. However, many argue that the organization has become unaccountable and lacks legitimacy.
The article also discusses the changing nature of Davos, from being a platform for shaping diplomatic efforts in the late 1990s and early 2000s to becoming increasingly dominated by business leaders. The number of private jet flights associated with Davos has tripled between the 2023 and 2025 meetings, highlighting the climate impact of the event.
The article features interviews with several individuals who have been involved with the WEF over the years, including Jamie Drummond, a former Young Global Leader who co-founded the One charity with Bono. He argues that while Davos is on the decline, it's not dead yet and that he will still be there this year to influence some of the world's most powerful people.
Overall, the article suggests that the WEF faces significant challenges in its future, including a lack of legitimacy and accountability, and that its purpose and practices are no longer aligned with its founding mission.