The political and business elite, who attend the annual World Economic Forum (WEF) meeting in Davos, are beginning to admit their push for globalisation and open borders contributed to the worldwide populist backlash and the rejection of the mass integration project.
Harvard professor and former chief economist of the International Monetary Fund Kenneth Rogoff told Bloomberg that following WEF 2016 he “started to grow concerned” then-candidate Donald J. Trump would become the next president of the U.S. because his fellow frequent attendees of the gathering in the Swiss town of Davos were certain that Mr. Trump would not win.
“A joke I’ve told 1,000 people in the months since leaving Davos is that the conventional wisdom of Davos is always wrong,” said the former IMF chief who is scheduled to attend Davos again this year along with some 3,000 other members of the political, business, media, and academic elite.
“No matter how improbable, the event most likely to happen is the opposite of whatever the Davos consensus is,” he added.
No comments:
Post a Comment