Anton Goryunov writes from Davos, Switzerland: Conspiracy buffs, who are often accused of coming up with the most preposterous theories, got it pretty much spot on when it comes to the annual World Economic Forum (WEF) in Davos when they say it’s just a front for politicians, big businessmen and bankers to plot against the rest of the world. Some go even further and insist that Davos is the place where the so-called ‘secret world government’ holds its first meeting of the year, setting the agenda for all the major gatherings that follow in the next 11 months, including all those G8, G20 and European Union summits and International Monetary Fund and World Bank get-togethers. Although it sounds over the top, it still has a certain ring of truth to it, as the WEF in Davos that is going on as you read this attracts most of the major key players in the world, who get together to discuss things in an informal environment where they don’t need to reveal anything to anyone. And the accommodating mainstream media, which has blown its last remaining cred during and after the 2008 financial crash and the consecutive economic disaster, is not really reporting anything of any substance from Davos. Mainstream hacks these days get paid way too much and are terrified of losing their jobs to risk investigating anything that might land them in trouble.
So, on the face of it we have a gathering of world statesmen and leading captains of industry and banking to discuss pressing economic matters and work out solutions. But ever since 1971, when the first gathering took place in Davos, no practical solutions have ever been offered to the wide-eyed public and no remedies proposed to tackle the crisis in the world economy that, let’s face it, has been running on and on for the past 50 odd years, with tiny numbers of people making fortunes while the rest were sharing some of the crumbs that fell from the table where the big boys were feasting.
The forum in Davos in January 2009 was a giveaway basically. It’s main slogan was Shaping The Post-Crisis World, but in reality it should have run: Covering Up The Mess. It was pretty clear that the money men, who basically ripped the world economy apart and stole or gambled away trillions, agreed a deal with politicians that they would be bailed out with public money and blame ordinary people for causing the crash by living way beyond their means and taking more loans than they could pay back. Sure, a few bankers were sacrificed, but their numbers were so small that it didn’t really matter. (Poor old Bernie Madoff had to agree to take the rap for stealing $150 billion, even though it was pretty clear to everyone that one man could never have siphoned away that much without the help of others.)
Since then the gatherings in Davos have resembled public relations exercises, with meaningless statements made and promises by billionaires given to tackle things like climate change, disease, poverty and hunger, even though most of the people gathered were the main culprits of contributing to these and many other problems. But not a single delegate has ever suggested anything to tackle the economic turmoil that was started by the crash in 2008, talking in the language of Soviet style propaganda film rolls: need to do more to improve the economy, we are all in this together and all that other bull.
This year’s slogan in Davos, by the way, is Resilient Dynamism, which pretty much sums up the whole event: empty talk about the economy and doing dodgy deals in the background. Expect all the major international gatherings in 2013 to buck this trend and keep coming up with nothing.
If only all the people who have gathered in Davos this year had been banned from having anything to do with the economy. Then the current crisis would have been resolved in no time.