Davos cries globalization and when Davos cries people laugh Insolence

Davos cries globalization and when Davos cries, people laugh! Insolence

I’m not being naïve in saying that the problem isn’t with the rich, and not because they’re rich, we’re poor.

I know the danger of the corrupting power of the forces of money.

And that’s obviously the real issue with billionaires. It is the considerable power they can develop for their own interests and mostly against those of the people.

Here the political power elected by the people must be able to serve as a counterweight to the billionaires. It is clear that this has not been the case for 20 years.

What happened in 20 years?

Globalization, which was the framework for the emergence of multinational companies, is now much more powerful than many states.

The high mass of these powerful people takes place in Davos every year.

And let’s say this year the men of Davos are crying, enough to make us laugh, we humans, we men of good will, committed to the common good and the happiness of all.

They mourn the end of their globalization and their globalist dream!

At the Davos Economic Forum, everyone is talking about the end of globalization

Here’s what the world writes.

“The trade war between China and the United States, as well as the race for subsidies to preserve or repatriate factories, will be the main topics of the meeting at the Alpenresort Graubünden in Switzerland.

In front of the buildings under construction on mainland Arizona, Morris Chang, 91, sees both his past and his future. The founder of the microchip manufacturer TSMC cannot hide his bitterness. “Globalization is dead, free trade is dead, and I don’t think they’re coming back any time soon. “However, he was there on that December 6, 2022 to celebrate a joyful moment. Accompanied by the President of the United States, Joe Biden, and the heads of Apple, AMD or Nvidia, who are among his main customers, he attended the opening ceremony of a huge electronics factory, which has long been a first in the United States.

The two actors of the drama that will be played today stood on the podium. The creator Chang, who theorized and sparked the great globalization wave of the electronics industry in the 1980s, and the gravedigger Biden. The current White House tenant, fueling the trade war unleashed on China by his predecessor Donald Trump, dealt the deathblow to China by banning technology exports to China and pouring streams of subsidies to attract factories to its territory. From now on, two clans will meet, and not just in electronics. It’s heartbreaking for Morris Chang, whose main clients are on both sides. »

The issue of Davos? “Collaboration in a Fragmented World”

“In this context, it is not surprising that the 53rd Economic Forum in Davos, which takes place from Monday 16th to Friday 20th January, has chosen “Cooperation in a fragmented world” as the main topic. In other words, can we still pick up the pieces of a blessed era of entrepreneurs like Morris Chang? The annual meeting in the tranquil Alpine town of Graubünden in Switzerland aims to become the focus of business and politics from all over the world. A kind of “business UN” where Vladimir Putin, Xi Jinping and Donald Trump could meet to face the CEOs of the entire planet.

This is no longer really the case. This year no Russians and few Chinese from around 2,700 executives and experts from 130 countries. Alone among the great nations, the Germans, who seem to be the last to believe in it, sent a large delegation led by Chancellor Olaf Scholz and his finance and economics ministers Christian Lindner and Robert Habeck. Chinese Vice Premier Liu He, Spanish Prime Minister Pedro Sanchez, Finnish Prime Minister Sanna Marin and Greek Prime Minister Kyriakos Mitsotakis, and European Commission President Ursula von der Leyen will also attend.

The last four of the globalists.

You will not be surprised, therefore, to discover in this last square of globalists, above all, the Europaths who lead us, starting with the Mamamochette of the great cruel European Commission von der Leyen and the clique in power in Germany who have only one goal has … to reduce, ruin and dominate its French neighbor.

Our survival and recovery require more sovereignty.

The men of Davos mourn the loss of my friends, so let’s laugh a little, even if we may not laugh for long.

Karl SANNAT

“This is a ‘presslib’ article, which means it may not be reproduced in whole or in part unless this paragraph is subsequently reproduced. Insolentiae.com is the site where Charles Sannat speaks daily, providing unabashed and uncompromising analysis of business news. Thanks for visiting my site. You can subscribe to the daily newsletter free of charge at www.insolentiae.com. »

Source Le Monde.fr here