Issues & Insights
World Economic Forum at en.wikipedia. Licensed under the Creative Commons Attribution-Share Alike 3.0

The Devils Of Davos

The World Economic Forum that meets in Davos, Switzerland is not just a brood of hypocrites who fly in on private jets so they can mob-lecture the rest of us about our carbon footprints. These people are truly dangerous.

Here’s a quick rundown of a few of the most noxious ideas that emerged from last week’s meeting, which was promoted as “the starting point for a new era of global responsibility and cooperation,” followed by incisive comments we cannot call our own but are fitting of the moment.

  • “​​We need to accept that there will be some pain in the process,” Kjerstin Braathen, chief executive of the Norwegian financial services giant DNB, said about a global effort to cut carbon dioxide emissions. “The pace that we need will open up for missteps; it will open up for shortages of energy; it will create inflationary pressures, and we need to start talking about that.”

“The ruling class can afford this transition, but can the rest of us?” the Washington Times’ Kelly Sadler asked last week. “The billionaires in Davos don’t care – so long as they can hold onto their wealth, power and position. And this week, they were hatching a plan to do just that.”

  • “When it comes to business and economic activities, Davos is not a place for narrow self-interest,” WEF chairman and founder Klaus Schwab said. “It is instead a place for the implementation of the notion of stakeholder capitalism, a concept I’m fighting for since 50 years.”

“‘Stakeholder capitalism’ is an oxymoron, and it is a synonym for fascism,” writes Streetwise Professor. 

“‘Stakeholder capitalism’ has no limiting principle. It can be used to claim control over anything anywhere anytime … It is a synonym for fascism because it is a variant on corporatism, which is the essence of the fascist economic model.”

  • Oxfam executive director Gabriela Bucher supported a 25% global tax on company earnings. She also complained that last year’s Organization for Economic Co-operation and Development agreement for a 15% tax would create a “race to the bottom” in corporate taxation as countries with higher rates would have to cut them to the comply.

“A collection of supposedly intelligent people, with a collection of the worst ideas ever conceived,” says one Twitter user who’s clearly been paying attention.

  • Australian eSafety commissioner Julie Inman Grant, who is also collaborating with the Biden White House Gender Policy Council – and whose career began, naturally, in the swamp on the Potomac – believes “we’re going to have to think about a recalibration of a whole range of human rights that are playing out online,” including “freedom of speech.”

Mariannne Williamson, a Democratic candidate for president in 2020, said “the World Economic Forum thinking they have any right whatsoever to weigh in on limits to free speech is ridiculous.” Pundit and podcaster Dave Rubin simply said “No you evil freaks, we will not be recalibrating anything.”

  • “We’re developing, through technology, an ability for consumers to measure their whole carbon footprint,” J. Michael Evans, president of Alibaba Group USA, said during a panel discussion on responsible consumption. “What does that mean? Where they are traveling. How they are traveling. What are they eating. What they are consuming on the platform.”

“I’m sure governments and/or unelected officials will not use this for nefarious purposes,” tweeted @chigrl, who clearly speaks for many.

Anyone who thought that we might have been too harsh in using “devils” in our headline but has read this far is by now thinking that maybe we didn’t go far enough.

— Written by the I&I Editorial Board

We Could Use Your Help

Issues & Insights was founded by seasoned journalists of the IBD Editorials page. Our mission is to provide timely, fact-based reporting and deeply informed analysis on the news of the day -- without fear or favor.

We’re doing this on a voluntary basis because we believe in a free press, and because we aren't afraid to tell the truth, even if it means being targeted by the left. Revenue from ads on the site help, but your support will truly make a difference in keeping our mission going. If you like what you see, feel free to visit our Donations Page by clicking here. And be sure to tell your friends!

You can also subscribe to I&I: It's free!

Just enter your email address below to get started.


I & I Editorial Board

The Issues and Insights Editorial Board has decades of experience in journalism, commentary and public policy.


  • The idea that we can solve significant and age-old problems across planet Earth by applying reason alone has failed repeatedly, and yet some group in each new generation believes that it can defy history and provide the balm that smooths the way to Nirvana. They are advised to read history more closely, for particularism and nationalism are far more powerful and compelling elements of reality than Enlightenment rationalism. As Karl Marx noted, “History repeats itself, first as tragedy, second as farce”. Our new rationalists at Davos should recognize that yes, history does repeat itself, and each time a new generation sets its sextant toward Nirvana, the price goes up, nowadays, logarithmically. The inevitable conclusion of the journey is an autocratic society, the antithesis of our messy but far more satisfactory representative democracy.

  • Davos is really a Retro Movement, a nostalagia for old Europe when totalitarian rulers were unobstructed by impediments such as freedom of speech and the inconvenience of dissenting opinions. The parental lineage of WEF chairman and founder Klaus Schwab is pre-WWII German National Socialism, which allied with Mussolini’s Italian Fascism. Perhaps explains in part that Retro yearning for the Good Old Days of totalitarian leadership strength.

  • Coming Oct. 18: Much more than a collection of essays by eminent writers, Against the Great Reset is intended to kick off the intellectual resistance to the sweeping restructuring of the western world by globalist elites. In this timely and necessary book, Michael Walsh has gathered trenchant critical perspectives on the Great Reset from eighteen eminent writers and journalists from around the world.

About Issues & Insights

Issues & Insights is run by the seasoned journalists behind the legendary IBD Editorials page. Our goal is to bring our decades of combined journalism experience to help readers understand the top issues of the day. We’re doing this on a voluntary basis, because we believe the nation needs the kind of cogent, rational, data-driven, fact-based commentary that we can provide. 

We Could Use Your Help

Help us fight for honesty in journalism and against the tyranny of the left. Issues & Insights is published by the editors of what once was Investor's Business Daily's award-winning opinion pages. If you like what you see, leave a donation by clicking on donate button above. You can also set up regular donations if you like. Ad revenue helps, but your support will truly make a difference. (Please note that we are not set up as a charitable organization, so donations aren't tax deductible.) Thank you!
%d bloggers like this: