Samuel Gregg is Friedrich Hayek Chair in Economics and Economic History at the American Institute for Economic Research.
Hubris has a way of catching up to people. That was my first thought when I read that Klaus Schwab, founder and chair of the once-mighty World Economic Forum (WEF), had resigned his position in the wake of an anonymous whistleblower alleging financial and personal misconduct on the part of Schwab and his wife (the
‘Polycrisis’. If you haven’t heard of the word, it’s likely that you soon will, courtesy of the World Economic Forum, which is meeting this week in Davos, Switzerland, to discuss the theme ‘Cooperation in a Fragmented World’ The world, according to the just-released WEF Global Risks 2023 Report, has entered an era of ‘polycrisis’. Though the expression sounds like a buzzword designed by management consultants to persuade
The World Economic Forum (WEF) and its long-serving founder and Executive Chairman, Professor Klaus Schwab, are the subjects of many insane conspiracy theories. This NGO, which again this January will bring together politicians, business leaders, journalists, academics, and assorted celebrities in Davos, has been accused, among other things, of being a secret cabal of paedophiles who used the Covid-19
If there is anything that the swift overturning of Prime Minister Liz Truss’s purported free market revolution has taught us, it is the utter lack of enthusiasm for economic liberalisation à la Reagan and Thatcher across the West right now. Yes, the lousy roll-out of the mini-budget by Truss’s now ex-Chancellor Kwasi Kwarteng played a role
