The World Economic Forum (WEF) claims that rising inequality and polarisation within societies could result in the reversal of globalization without urgent action taken to address problems.
|The WEF said before its meeting in Davos that the gap between rich and poor had been a priime causeof the recent U.K. Brexit vote and Donald Trump's election victory in the U.S. The group warned that there would be new threats to social cohesion from a revolution in robotics and artificial intelligence (AI). The group, with reports from 700 experts, even suggests that a fundamental reform of capitalism may be needed to address the problems that are arising.|
It’s that time of the year when the world’s financial and business “elite” gather in an expensive Swiss ski resort to drink champagne and declare that they are terribly worried about global inequality. This parody-defying event is the World Economic Forum in Davos and, to create the correct veneer of earnest contemplation, the organisers publish an assessment of the risks they think the world faces.