Skip to comments.Davos elites to seek reforms of 'outdated' capitalism
Posted on 01/22/2012 4:51:35 PM PST by driftdiver
Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as "outdated and crumbling."
"We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations," said Klaus Schwab, host and founder of the annual World Economic Forum.
"Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.
"We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual," the 73-year-old said, adding that "capitalism in its current form, has no place in the world around us."
Some 1,600 economic and political leaders, including 40 heads of states and governments, will be asked to come up with new ideas as they converge at eastern Switzerland's chic ski station for the 42nd edition of the five-day World Economic Forum which opens Wednesday.
(Excerpt) Read more at uk.news.yahoo.com ...
Newt: I AM a realpolitik Wilsonian...
Will NEVER support F1 again...
Besides...Andy Griffith is a dyed in the wool Obamaist...
That's the thing about the free market (a term I prefer to the word Marx coined "Capitalism"): it makes the fortunes of the established rich unstable. In the free market, there's always a chance that a Steve Jobs or Bill Gates will come along and change things around and make worthless their investments in obsolete technologies and ways of doing business.
and don’t forget Christian virtues help free markets, Honesty, Truthfulness, Diligence, and Gratefulness. We can see the results of loss of all virtue in the government, banking and wall street mess.
Davos solution = Even Bigger Government
Very well said!
Yep. If they REALLY want to fix the problem, they should get rid of all the “too big to fail” laws and regulations and let the marketplace work for once. Then they wouldn’t have to meet in Davos.
” Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling.”
I believe the Bolsheviks have already tried that, back around 1917.
Is he the same guy “Bernie Ecclestone” whose 21 year old daughter just bought the Spelling mansion for 85 million dollars? Seems as if capitialism worked for his family
“capitalism in its current form, has no place in the world around us.”
That is the biggest load of progressive commie bullshit ever issued from Davos.
That answer (Alex...I know wrong show)
Would be Door Number two
They are all the evil spawn of Satan
Speaking of that .. The Bill and Melinda “ don’t believe in G-D, but like have a better idea “ Gates idiots must have been there as well.
I mean REALLY... what are these meetings with out know it all Liberal Idiot Harvard students?
Course Bill was just a drop out, Bambi was a no show.
But what the heck, let’s genetically modify some mosquitos. So what if they morph into something else?
It’s Africa Darling... I mean REALLY!
Why in heaven’s name would THAT affect “US”?
Why , yes the bordeaux is lovely and the canapes are sublime.
How do you reform something that does not exist anywhere in the world? “Capitalism” is the word the ruling classes use to mean they don’t have enough power.
I assume Slick Willy is in Davos hitting on liberal hippie chicks.
That sounds like a huge carbon footprint. And where's the OWS crowd when you need them? These Davos elite are all one percenters.
That’s the thing about the free market (a term I prefer to the word Marx coined “Capitalism”): it makes the fortunes of the established rich unstable.
That’s why the Romney, Goldman Sachs type of “capitalists” support government regulation over free markets.
What a bunch of malarkey! The D.C. Elites have gutted Capitalism in the U.S. and replaced it with pseudo-socialism and then claim Capitalism doesn't work.
Douglas Niles Adams said once: "They'll be first against the wall when the Revolution starts!"
I'm thinking its about time we designate a Wall and who goes first!
don’t mind the machine guns. why don’t they paint them in warm colors?