Friday, 28 January 2011

Davos world economic summit

Timothy Garton Ash has an excellent piece in the Guardian's Comment is Free section, discussing the fading glories of Davos:
Western capitalism survives, but limping, wounded, carrying a heavy load of debt, inequality, demography, neglected infrastructure, social discontent and unrealistic expectations. Meanwhile, other variants of capitalism – Chinese, Indian, Russian, Brazilian – are surging ahead, exploiting the advantages of backwardness, and their economic dynamism is rapidly being translated into political power. The result? Not a unipolar world, converging on a single model of liberal democratic capitalism, but a no-polar world, diverging towards many different national versions of often illiberal capitalism. Not a new world order, but a new world disorder. An unstable kaleidoscope world – fractured, overheated, germinating future conflicts.
The BBC equally has excellent coverage of Davos, with a dedicated page:

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