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the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as "outdated and crumbling."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"Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.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 WednesdayOh no, now 1,600 morons on a European ski-holiday boondoggle may actually have to do some thinking... poor babies!
I have very low expectations as to what they will come up with (if anything). If they actually come up with anything, it will for sure include some recommended heavy doses of general austerity brought to you by the "taxpayer on the hook" dogma which no doubt all 1,600 attendees subscribe to. This false dogma you can already see being seeded by Herr Schwab stating that "we" are "over-leveraged". Who is "we" moron Herr Schwab?
These deranged and pampered elites will come up with nothing. All they can do is point out problems, this is what they are good at. They have no solutions.