Davos Elite Fret About Inequality Over Vintage Wine and Canapés
DAVOS,
Switzerland — You have perhaps noticed that in many countries,
history-altering numbers of people have grown enraged at the economic
elite and their tendency to hog the spoils of globalization. This wave
of anger has delivered Donald J. Trump to the White House, sent Britain
toward the exit of the European Union, and threatened the future of
global trade.
The people gathered here this week in the Swiss Alps for the annual World Economic Forum have noticed this, too. They are the elite — heads of state, billionaire hedge fund managers, technology executives.
They
are eager to talk about how to set things right, soothing the populist
fury by making globalization a more lucrative proposition for the
masses. Myriad panel discussions are focused on finding the best way to
“reform capitalism,” make globalization work and revive the middle
class.
What
is striking is what generally is not discussed: bolstering the power of
workers to bargain for better wages and redistributing wealth from the
top to the bottom.
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