https://arab.news/6tu6w

It is difficult for an analyst to come away with an accurate picture of the deliberations of the World Economic Forum in Davos, Switzerland. With such events, it is very useful to understand the atmosphere, body language, implicit messages and positional “test signals.”

The stances expressed in speeches and discussions are carefully calibrated; they reflect participants’ principles and vested interests. However, this task requires prudence that makes them easier to swallow and more readily accepted by the broader public.

In fact, participants know their audience well and are aware of what is expected to be heard. Yet the more perceptive speakers understand that the message is stronger and more effective when it transcends narrow interests and impacts the wider sphere of interests.

When a figure from the forum’s elite, such as Larry Fink, chairman of the trillion-dollar asset management giant BlackRock, speaks of the challenges facing capitalism, he raises this issue out of concern for its survival in a changing world that can seem ungoverned at times.