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Tue Jan 31, 2012, 08:40 AM

How Male Global Elites Work Hard to Fix the Economy – In Their Favor


AlterNet / By Lynn Parramore

How Male Global Elites Work Hard to Fix the Economy – In Their Favor
On Sunday, 1 percenters left the World Economic Forum at Davos with bold plans to stay fat and happy while the world falls apart.

January 30, 2012 |


The pomp and the platitudes. The champagne and the canapés. In the tony ski resort of Davos, Switzerland, the gemütlich gathering of global leaders for the World Economic Forum seemed like business as usual…five days of hobnobbing and male-dominated, Euro-centric jaw-flapping on the economic state of the planet. A rich and rewarding experience for the rich and rewarded.

But what about this year’s theme? Billed as “The Great Transformation,” the WEF promised sessions on rethinking capitalism, reducing inequality and solving Europe's financial crisis. Founder Klaus Schwab opened the forum with a wise observation that capitalism needs to be fixed "to serve society." Was it possible that these leaders wanted change? Had they opened their ears to the 99 percent?

Guess it depends on which society and what you mean by fixed. Because in reality, the brochure should have read: "The Great Retrenchment: with sessions on denying capitalism's failures, staying rich despite inequality, and dumping Europe's financial crisis onto the backs of ordinary people."

The Song Remains the Same

In the midst of a crippling European debt crisis, some 2,500 business leaders, intellectuals and politicians strolled among the five-star hotels and plush conference rooms of the WEF. There was much talk about how economic turmoil in Europe could spread to the rest of the world. There was much networking. Much giddy tweeting (Inspiration! Youth! Social entrepreneurs!) and much partying among ice sculptures. ................(more)

The complete piece is at: http://www.alternet.org/economy/153941/how_male_global_elites_work_hard_to_fix_the_economy_%E2%80%93_in_their_favor/



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