Time for world revolution!
The Swiss resort of Chateaux-d’Oex is known for its hot air balloons. The Swiss resort of Davos is known for hot air. Or at least for one week a year, when some of the world’s biggest windbags meet to discuss ‘significant’ issues.
This year, the cool and trendy thing to express concern over at the World Economic Forum is ‘inequality.’ OK, ya? Everyone seemed to agree that something needs to be done to narrow the “staggering” gap between rich and poor – to repeat the phrase used by Canada’s liberal hipster PM Justin Trudeau, the man with those cute yellow and purple ducky socks.
French President Emmanuel Macron, who we’re told was greeted like a “rock star,” declared: “In the global process, capitalism has become a capitalism of superstars, the spreading of value (to those lower down the ladder) is no longer equitable.”
But solutions which would actually reduce inequality were less forthcoming. It reminded me of the annual expressions of ‘concern’ when above-inflation increases in train fares are announced in Britain – the country with the highest fares in Europe. Government-supporting politicians say “this is disappointing” – and guess what – the next year the fares go up again. No one wants to be quoted as saying that they’re in favor of 82 percent of the wealth going to the top 1 percent, but at the same time, they’re unwilling to take the steps which would actually make that an impossibility.
Take this extract from the speech made by British Prime Minister Theresa May:
“We have to do more to help our people in the changing global economy, to rebuild their trust in technology as a driver of progress and ensure no one is left behind as we take the next leap forwards… We have to remember that the risks and challenges we face do not outweigh the opportunities. And in seeking to refresh the rules to meet the challenges of today, we must not miss out on the prize for tomorrow.”
Does anyone know understand what May was actually saying? There was verbiage aplenty in her address, but practical solutions?