Despite flickers of hope, WEF points to out-of-touch elites

One thing was certain at this year's World Economic Forum: Davos and its values are in a state of deep crisis. The decline had become evident even before the start of the annual conference that sees the global elite gather in this lofty village in the snowy Swiss Alps, thanks to a letter penned and published by the WEF's founder, Klaus Schwab.

"Globalism is an ideology that prioritizes the neoliberal global order over national interests," Schwab argued a week before the summit, in a text that was strikingly similar to populist election campaigns around the globe. Even the mastermind of Davos - undeniably one of globalization's biggest proponents - attempted to hijack anti-globalist rhetoric and appease the world's masses and their grievances with an article antithetical to the legacy of his own inception.

The decline of the annual meeting became even more apparent...

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