"Severe income disparity" is the most likely risk facing business and political leaders according to the World Economic Forum's Global Risk 2012 Report. This finding really caught me by surprise. So while the Occupy movement isn't anywhere on the agenda, here at Davos, its impact has been very much felt. There's the published agenda for the World Economic Forum (WEF) this week in Davos -- and then there are the elephants in the room. "Severe income disparity" is the most likely risk facing business and political leaders according to the World Economic Forum's Global Risk 2012 Report. This finding really caught me by surprise. So while the Occupy Wall Street movement isn't anywhere on the agenda here at WEF in Davos, its impact has been very much felt. "Capitalism, in its current form, no longer fits the world." A statement from an occupy protester? No, it was uttered by WEF Founder Klaus Schwab. But it's not a view that I have found widely shared by the 2,600 delegates here. The ultimate irony, of course, is that those at WEF aren't even the one per cent -- they're the 0.0001 per cent of global corporate and political elites. There's a lot of talk about the European debt crisis, which centres on Greece. At the heart of it is the fact that wealthy Greeks don't pay taxes; tax evasion is a national past time for the rich. In turn the Greek government's austerity program will cut the benefits and pensions of average citizens. Here's a warning: That's the … [Read more...] about Occupy Davos?
Occupy Davos?
