Exploring the World Economic Forum's limited practical power in comparison to established organizations like the IMF and WTO, the chapter delves into the annual Davos summit, discussing the forum's provocative ideas, controversies, and criticism regarding its perceived influence and secretive nature.
The Davos Summit of the World Economic Forum (WEF) draws a lot of attention every year. Started by German engineer Klaus Schwab, the WEF the stated mission to "engage business, political, academic and other leaders of society to shape global, regional and industry agendas.” It's no wonder there are a lot of conspiracy hypotheses about the real motivations of such an organisation. But despite their image as the club of the wealthy elites, the reality is much less sinister, but could somehow be worse than the conspiracy theories about lizard people...
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