The global elite descended on Switzerland for the World Economic
Forum’s annual meeting in Davos last week. Western Europe had the
highest number of participants by region.
To get a badge for entry requires a membership to the World Economic
Forum, which costs somewhere between $60,000 and $600,000, plus an
additional fee of more than $27,000 per person to get into the
conference itself. There are 3,000 attendees invited, about two-thirds
attend the full conference.
It was heavily reported that the sentiment of business leaders in
Davos swung from upbeat in 2018 to sombre in 2019. Amazing what a year
can do. But then again, these are the business leaders that saw the
stock market plunge into a correction and the S&P 500 go on to post
its worst year in a decade. December was the worst month since the great
depression.
The world economy is now going to slow up, it’s not just about
America and trade, it’s about Europe, China, Japan and geopolitical
change – so the party is over for the next year or so. To drown their
sorrows, they swaffed over 1500 bottles of fizz and 3000 bottles of
wine.
