Nobody expected Putin to show up at the World Economic Forum this time. Putin`s virtual address at the WEF was unexpected. But, they’re all there to make a better world and Putin warned that the coronavirus pandemic has exacerbated preexisting global problems and imbalances.
All these problems can come out of control, and these could deteriorate to a point where there is a fight of «all against all.» «We have every reason to believe that the tensions might be aggravated even further,» Putin warned.
Not only that. Putin also said that the times we are living in right now is similar to the ’30s, and I think he is so right. This is what I have pointed out for a very long time now. Just take a look at the history.
It`s similar to when it comes to the scale and scope of what he called systemic «challenges and potential threats.» Putin said the crisis had increased social stratification, populism, right- and left-wing radicalism, adding that domestic political processes were becoming more violent.
«All of this cannot but impact international relations, making them less stable and predictable,» Putin said.
«In the 20th century, the failure and inability to centrally resolve such issues resulted in the catastrophic World War II. Of course, nowadays such a heated conflict is not possible, I hope that it`s not possible in principle, because it would mean the end of our civilization.
But I would like to reiterate, that the situation might develop unpredictably and uncontrollably if we will sit on our hands doing nothing to avoid it.
And there is a possibility that we may experience an actual collapse of global development that might result in a fight of all against all,» Putin said.
Putin and Biden had a meeting on the phone on Tuesday. They come to an agreement to extend their current nuclear arms pact, the NEW START treaty, for another five years.
It`s time for the world leaders to come together in Davos once again. The World Economic Forum (WEF) is the Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas.
The WEF agenda is scheduled to be held between January 25 and 29. Mukesh Ambani, Anand Mahindra, Union Ministers Nitin Gadkari, Piyush Goyal, and others will attend the online event. The decision to host the event online comes amidst the Covid 19 pandemic situation, but WEF will host its physical annual meeting in May in Singapore.
As the WEF writes in its statement, the pandemic has accelerated systemic changes that were apparent before its inception. The fault lines that emerged in 2020 now appear as critical crossroads in 2021.
They will talk about «How to save the world,» and topics around that issue will be Covid 19 and climate change. Fairer economic; financial and monetary systems of different countries. Tech for good; big data and other tech disruptions. Society and future of work; remote work culture and gender parity. Better business, healthy future, and beyond geo-politics.
The «Davos Agenda» will also mark the launch of WEF`s Great Reset Initiative and begin the preparation of the special Annual Meeting during the spring.
The world economy is in bad shape and it can be worse. Professor Roubini predict a Great depression, not only for 2020, but for the decade of the 2020`s. What does this crisis we`re in really mean? For someone out there it means a great opportunity. It means a great reset.
«The Great Reset» will be the theme of a unique twin summit to be convened by the World Economic Forum in January 2021. In-person and virtual dialogues will address the need for a more fair, sustainable and resilient future, and a new social contract centred on human dignity, social justice and where societal progress does not fall behind economic development.
Founder and Executive Chairman of WEF, Klaus Schwab wrote in his article called «The time for a great reset» that there is a good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930`s.
But, while this outcome is likely, it is not unavoidable.
Furthermore, Claus wrote this; to achieve a better outcome, the world must act jointly and swiftly to rewamp all aspects of our societies and economies, from education to social contracts and working conditions.
Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a «Great Reset» of capitalism.
The crisis we`re in, together with COVID-19, will deepen and leave the world even less sustainable, less equal, and more fragile. Incremental measures and ad hoc fixes will not suffice to prevent this scenario. We must build entirely new foundations for our economic and social systems.
Managing Director at IMF, Kristalina Georgieva also had the headline «The Great Reset» a few weeks ago. My thanks to His Royal Highness the Prince of Wales and th Professor Schwab for bringing us together, she wrote in the opening.
Furthermore, she wrote this in her article: Now is the time to think of what history would say about this crisis. And now is the time for all of us to define our own role. Will historians look back and say this was the moment of a Great Reversal? Today, we see very worrying signs.
One hundred and seventy countries are going to finish this year with a smaller economy than at the start of the year, and we already project that there will be more debt, bigger deficits, and more unemployment. And there is a very high risk of more inequality and more poverty.
Unless we act.
So, what would it take for historians to look back at this crisis as the moment of Great Reset?
From the persepective of the IMF, we have seen a massive injection of fiscal stimulus to help countries deal with this crisis, and to shift gears for growth to return. It is of paramount important that this growth should lead to a greener, smarter, fairer world in the future, Kristalina Georgieva wrote.
IMF and WEF see some tremendous opportunities. Heh… It seems like a New World Order is on the way…..
Last year, people at Davos said it was boring at the World Economic Forum (WEF). It wasn`t as it used to be. It`s probably because Trump wasn`t there. In 2018, Trump joined the club and the globalists in Europe treated him like a rockstar. Trump will joint WEF this week, so what now?
Greta Thunberg is a Climate Activist and she was the person of the year 2019 at Time Magazine. Donald Trump was the person of the year in 2016. The president who didn`t sign the Paris agreement. They are both coming to Davos on Tuesday. Is Climate Change the headline at WEF this time?
WEF founder Klaus Schwab said the forum have changed rapidly in business, society and culture over the last fifty years. The yearly gathering in the Swiss Alps started as a forum for business leaders but now it is also for policymakers and activists as well.
Climate change is here right in front of our eyes and everybody can see it. No doubt. Australia is burning with extreme heat and out-of-control wildfires. We also see melting ice sheets. But, is it the nature going in cycle or is it man-made?
In August 2018, Sweden was burning and that was man-made. A lot of Sweden cars was burning in Gutenburg and many Swedes was horrified because migrant gangs coordinated fire-bombs across multiple cities.
A month before that, a large number of wildfires occurred throughout much of Sweden. It is the most serious in the country in modern history. The summer was unusually warm and dry, significantly raising the risk of fire.
Sweden experienced an unusually long heatwave and had only 13 mm of rain from the beginning of May to late July. May 2018 was the warmest May and July 2018 was the warmest July ever recorded in Sweden.
In March 2019, several wildfires occurred in the south of Sweden, and the risk of fire was unusually high for the time of year.
As of mid-July, temperatues in Scandinavia were more than 10 C (18 F) above normal. Wildfires also occurred in the neighbouring countries like Denmark, Norway and Finland.
Experts say there is more to come.
Anyway, what we see can be catastrophic for the economy and the whole world. Global warming, climate change and the extinction of animal species will effect us all.
There is no doubt that the biggest pollution problems are in Asia, and the worst of them all are China and India. We all know it. We have evidence. We have it on film. We have it on many pictures. No doubt. Millions of people die every year only in China because of their pollution.
Trump didn`t sign the Paris agreement because he said it is too expensive. He wants to create jobs and make people prosper. He is also following his own slogan; America first, and that`s basically why he doesn`t want to shut down the oil and coal industry. The cost is too high.
Leaders at Davos will talk much about the environment and the focus on climate change and sustainable growth will be interesting to watch at WEF this time. It will also be very interesting to see 73 year old Trump arguing against teenager Thunberg.
Trump was like a rockstar last time he visited Davos, and Scwab says Trump is velcome to the Swiss Alps because of his role on the world stage. It was boring at Davos last year, but I bet it will be action again this time.
Schwab said it also will be focus on inclusion and equality; economic development; technology governance; regional development; corporate leadership and ecology, including a project to plant a trillion trees.
The WEF`s mission is cited as “committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas”.
Both, Trump and Thunberg will speak Tuesday on the opening day at the World Economic Forum.
France`s President Emmanuel Macron is expected to give a speech at the World Economic Forum in Davos tomorrow. He will speak to world leaders and business people and try to sell and promote a pro-European agenda and greater integration and reform while extolling the benefits of free trade.
The theme at Davos this time is «creating a shared future in a fractured world.» Macron is a promoter of globalization and openness, but he is also trying to protect people from the negative consequences of it.
Macrons popularity has bounced back in recent weeks despite what opinion polls show is an image of «president of the rich.» The speech on Wednesday will be Macrons first speech at Davos as President since his election last May.
Last year, Chinese President Xi Jinping were holding a speech about globalization. Now, Macron will be the face of Europe. A man who is pro-business representative for the EuroZone at a time of economic recovery and stability after years of crisis.
Macron defeated Le Pen and prevented a far-right government in France last year when he won the election, and I think he would be more than welcome among the business leaders in Davos this time.
He is a reformist who turned back the Le Pen populist wave and he has turned French politics upside down. Many leaders claim that Macron is the last hope for structural change.
His plans to reform Europe and the EuroZone is ambitious, and for Europe it is an important charm offensive.
Macron won the French election in May last year, and he has vowed to shake the French economy out of its torpor. He has, like President Trump, slashed wealth taxes and levies on capital gains. He has also pushed through reforms to the country`s famously rigid labour laws.
According to a survey from November 2017, a record 72 percent of US investors were optimistic about the French economy, which is a huge hike against 30 percent in 2016.
Mr Trump will try to sell his «America first» agenda while Macron will speak about his «Choose France». Google and Facebook are invited to Macron`s gathering. So are Alibaba, Siemens and Coca Cola to name a few.
Francois Hollande and Nicolas Sarkozy have held similar gatherings of CEOs in Davos, but Macrons conferance goes far beyond those hosted by Hollande or Sarkozy. Sarkozy hosted 25 CEO`s in 2011, while the Socialist Hollande hosted 34 world business leaders in 2014.
Macron and his team has invited 100 CEO`s of the biggest world companies. He has so far been carving out an active role on the world stage and he will use his speech to «propose his international vision for the world of tomorrow.»
German Chancellor Angela Merkel will speak the same day and that is two days before Mr Trump. What Macron will talk about is growing inequality, the need for better environmental protection, and global governance in the face of nationalism and extremism.
The economic outlook has improved, but 9 in 10 of those surveyed at Davos, said they expect political or trade clashes between major powers to worsen. 80 percent saw an increased chance of war.
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