G-7 Leaders Gather For World Economic Forum In Davos

Olaf Scholz is the only G-7 leader who will attend the 53rd annual World Economic Forum summit in Davos which will begin on Monday 16 and end on Friday 20 January in the Swiss town immortalized in Thomas Mann’s novel The Magic Mountain, set in a sanatorium. Only the Minister of Education Giuseppe Valditara will represent the Italian government.

Biden And Xi Jinping Will Not be There

This year’s theme is Cooperation in a Fragmented World. Speakers include South African President Cyril Ramaphosa, former US Secretary of State Henry Kissinger, World Health Organization Director General Tedros Ghebreyesus and United Nations Secretary General Antonio Guterres. Then follows the usual plethora of entrepreneurs, managers and big names in finance, more than 2,700 people in all. In short, the world elite. The presidents Joe Biden, Xi Jinping and Vladimir Putin were largely absent. And if the presence of Volodymyr Zelensky is uncertain, Ursula von der Leyen will certainly be present, as will the president of the ECB, Christine Lagarde.

More Than a Thousand Private Planes Are Arriving

As Greenpeace points out, on the occasion of the WEF, last year 1,040 private planes landed and took off in Davos, causing CO2 emissions equal to those of 350,000 cars. “The richest and most powerful people on the planet meet in Davos to discuss crucial issues such as the climate crisis and inequality behind closed doors, but they go there using the most unfair and polluting form of transport: private jets,” said Federico Swords of Greenpeace Italy.

A Patchwork of Coalitions

In an interview with the Wall Street Journal, the 84-year-old founder of the WEF, Klaus Schwab, when asked whether globalization, of which Davos has always been the spearhead, has not ended, replied as follows: «I call it reglobalisation. The world is becoming more interdependent, but on the other hand we will have relationships that are much more based on trust, because we are unable to create necessary norms and rules, which we can share. The future of the world could be a kind of mosaic of trust-based coalitions.” (All rights reserved)

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