Down and out in Davos
Has the World Economic Forum been taken over by pressure groups?
That's what Digby Jones, director general of the Confederation of British Industry (CBI), seems to think after this year's event. According to a report in today's Guardian, Jones is 'worried and frustrated' at the lack of celebration of risk-takers and wealth creators. 'Too many of the sessions have been an excuse to beat up on business, to say that business must do better', he said. 'Davos has been hijacked by those who want business to apologise for itself.'
The World Economic Forum (WEF) was once regarded as a private junket for big corporations and major governments - criticism led to the creation of an 'anti-Davos', the World Social Forum (WSF). Yet many of the discussions at Davos 2005, on subjects such as AIDS and climate change, would not have been out of place at its alter ego in Porto Alegre, Brazil.
But Jones is wrong to assume that this change of tack is all down to pressure from non-governmental organisations (NGOs). Mark Adams, the WEF's head of media, told the Guardian: 'Actually a lot of the things on the agenda were brought here by the current chair of the G8 (UK prime minister Tony Blair) and by president Chirac of France and chancellor Schröder of Germany. If that's what world leaders are talking about, it is only right that we give them a platform.'
Ironically, little more than a decade on from the apparent 'triumph of capitalism', world leaders are suffering a crisis of confidence in their own system - a crisis completely out of proportion to the problems they face. If NGOs have increased their influence in recent years, it's only because they have fed off this loss of purpose among the global elite.
CBI chief claims Davos hijacked by NGOs, Guardian, 31 January 2005