Skip to comments.Davos "Globaloney": Now That Big-Ego "Leaders" Have Real Crisis, They're Clueless (Brilliant)
Posted on 01/29/2009 5:52:46 PM PST by quesney
Now that the WEFs self-styled global governors are faced with a major crisis, they are clueless
By Peter Foster
The typically pretentious theme of this years World Economic Forum in Davos is Shaping the Post-Crisis World. But didnt Davos shape the pre-crisis world, and thus the crisis itself? The annual Alpine gabfest has long been the epicentre of globaloney, a mixture of serious discussion, subversive ideas and outright flakery. It has certainly never as some critics believe been about promoting capitalism. Rather it has always been a mercantilist stew in which big businessmen, big government and big international bureaucracy get together to suck both the collective thumb and the collective teat. Its ideological heart is the impossible UN dream of global governance, and of a corporate sector moving beyond mere profits to take on the heavy mantles of social responsibility, sustainable development, Global Compacts and Millennium Development Goals.
However, now that the WEFs self-styled global governors are faced with the major crisis that they have long predicted, but probably never really expected, they are clueless. WEF founder Klaus Schwab, a Rolodex socialist in the mould of former UN poobah Maurice Strong, can, like a villain from Atlas Shrugged, only berate greed and call for better regulation and improved institutions and more pulling together. The global governors never really expected, or wanted, to actually govern, but rather to sit like limpet jockeys on the back of the corporate sector, making infinite demands in order to salve their own sanctimoniousness, and using the poor and the climate crisis as their whips.
In fact, Davos Man has his fingerprints all over the present crisis. Subprime loans were the very model of corporate social responsibility, of putting communities and people before profits.
(Excerpt) Read more at network.nationalpost.com ...
And big, big, fat egos...
The trouble with this bunch is they talk big but in reality spineless greedy opportunists. They feasted on bubble, and now that bubble is gone, they are having withdrawals, and cannot think straight. Sobering up is the last thing they want to do.
Still they want to package themselves as champion of 'free global economy,' and accusing their detractors of class envy.
They are architects, accomplice, and enablers of 'leveraged finance with government bailout as a backup.' And this scheme has nothing to do with capitalism, it is corporatism at its worst, bordering on financial fascism.