Paul Wells — now on Substack — considers an unusual-from-a-Canadian-perspective critical book on the World Economic Forum and the people who attend their exclusive shindigs in Davos, Switzerland:
I’ve been reading Peter S. Goodman’s Davos Man, a tough, angry — not entirely persuasive — critique of the sort of people who get top-level access to the World Economic Forum in Davos, Switzerland. Because Goodman’s vantage point is left-by-centre-left, his book provides fascinating counterpoint to a polemic about the WEF that is, in Canada, the almost exclusive preserve of the right.
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Politicians who make a show of having a problem with Davos should explain what the problem is; why they didn’t raise their concerns when cabinet colleagues were lining up to go; and what solutions, if any, they propose. Otherwise they might seem to be faking their indignation to lure a few votes.
Second, it’s easy to see why Davos catastrophism has taken root in some corners of the electorate. We are coming off a COVID pandemic, after all. Very early, only weeks into this historic disaster, the WEF was quick to start discussing visions of a green egalitarian future with prominent roles for green progressive governments and Davos regulars. This was the “Great Reset”, which I discussed here in a magazine. Soon Trudeau was on video calls saying, “This pandemic has provided an opportunity for a reset. This is our chance to accelerate our pre-pandemic efforts to reimagine economic systems.” Which was jarring. Still is. Soon people were digging up old video of Klaus Schwab, the WEF founder, bragging about “penetrating the cabinets” of Western countries with “Young Global Leaders of the World Economic Forum”.
People who didn’t like everything that’s happened since — vaccines, lockdowns, restrictions — started reading great significance into all kinds of perceived Davos connections. Often Trudeau has seemed eager to help. Replacing his finance minister with the only member of his cabinet who sits on the WEF Board of Trustees, while yet again blathering on about how “we can choose to embrace bold new solutions to the challenges we face and refuse to be held back by old ways of thinking” was … loopy, sure, but it probably only accidentally resembled the second act of a Bond movie.
Bringing an element of novelty to all this is Peter S. Goodman, the Global Economics Correspondent of the New York Times. Even if he were Canadian, nobody should expect Goodman to support Poilievre for Conservative leader. Davos Man is a furious diatribe, not against the WEF as an institution but against many of Davos’s richest regulars — and it’s written from a consistently social-democratic perspective.
From its subtitle, “How the Billionaires Devoured the World”, Davos Man relentlessly skewers some of the most glamorous Davos habitués — Amazon gillionaire Jeff Bezos, Blackstone founder Stephen Schwarzman, BlackRock CEO Larry Fink, banker Jamie Dimon, Salesforce guy Marc Benioff. And their, you know, ilk.
“Over recent decades, the billionaire class has ransacked governments by shirking taxes, leaving societies deprived of the resources needed to combat trouble,” Goodman writes. Davos Man — Goodman has borrowed the term from Samuel Huntington — “is a rare and remarkable creature, a predator who attacks without restraint … expanding his territory and seizing the nourishment of others.” Goodman’s language is consistently violent. The billionaires “eviscerate financial regulations”, “defenestrated antitrust authorities”, “squashed the power of labor movements”.
