Ones and Tooze
Does Davos Have a Trust Problem?
Jan 12, 2024
The podcast delves into the theme of the upcoming World Economic Forum at Davos which is 'Rebuilding Trust'. The hosts question the substantive value of the event and highlight the contrast between Davos' self-presentation and its actual substance. They also discuss the bid by Japan's Nippon Steel to take over US Steel, examining the national security argument against the takeover bid and the potential impact on union jobs. The hosts raise concerns about the deal and criticize the Biden administration's lack of action.
35:26
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Quick takeaways
- Davos focuses on coordination, signaling, and projecting an image, rather than addressing fundamental conflicts.
- Nippon Steel's proposed takeover of US Steel offers strategic benefits, despite flawed arguments against it.
Deep dives
Davos as a forum for coordination rather than problem-solving
Davos serves as a platform for coordination and signaling rather than addressing and solving fundamental conflicts. While some meaningful exchanges and deal-making occur, the overall focus is on presence, PR exercises, and positioning oneself in the global landscape. The forum is seen as an elaborate gathering of the world's elites to discuss mutual interests and project a certain image.
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