Davos 2019: power and planes

Davos 2019 is now underway.

Davos is the annual high mass on globalization and power. This year’s headline is about the absence of key political leaders. The big names – Trump, Xi, Putin, Modi, Merkel, Macron, May – are not attending. They have more pressing matters to address at their respective home fronts. Even second line political leaders are not many this time. Bad omen for the organisers: Jair Bolsonaro of Brazil is the star at the opening.

Almost 50 years down the line, since the first meeting, the World Economic Forum is at risk of becoming no more than a networking venue for major corporate leaders, friendly NGOs heads, and plenty of star media people. Also, one high-visibility opportunity for the elites that love to be seen attending seminars and participating in panel discussions on global themes. Boring as such talks can be, and abstract, so many times, they pretend to identify the key challenges of the day and come up with new solutions. That sounds great and visionary.

But it is not just the question of the elitist image, of powerful people deeply disconnected from the realities of the ordinary citizen meeting on the rocks of Davos. It’s also that nowadays there are many competing initiatives, dozens of conferences in many places that debate the same issues and come to similar conclusions.

Maybe the only true difference is related to private planes. In Davos this year, they expect around 1,500 of them. That’s the ultimate symbol of power. The private plane.

Bilderberg meeting: big egos and plenty of smoke

The annual meeting of Bilderberg “club” starts tomorrow. During three days pretty influential people from the global corporate world will sit together with politicians, opinion-makers and some very senior security service masters to review some of the megatrends – as they call the key challenges of today´s world.

The leader of this initiative is the current boss of AXA, the major international insurance company. He is a well-connected Frenchman.

This is a very secretive conference. Journalists are not allowed in as such. A couple of them will be there but as invitees, in their capacity as leading opinion-makers. They will be there because their writings –opinion columns – do influence a good number of decision makers. Secrecy leads to suspicion. Some people have called the Bilderberg crowd –about 120 to 150 of them every year –the real masters of the universe, the key plotters in terms of the next world events.

Such label is an exaggeration. Many of those in attendance have real power, in their own circles, others have prestige but little power left in their guns –they belong to the category one calls the “has been”. Obviously, there are many very powerful people outside this “club”.

Bilderberg is one of several power meetings. It is above all a networking exercise. It is of course of particular importance when compared with other similar networking opportunities – like Davos –because the number of Bilderberg participants is smaller and therefore the interaction and the bonds among them have a chance of being much more intense.

In the end, there is a lot of smoke and mystery, but very little movement beyond the private interests of the companies represented and the group therapy it provides to people with big egos.

The ways of the Cold War II

This year´s edition of the St Petersburg International Economic Forum, an annual event that aims at bringing together the Chief Executive Officers (CEO) of major world corporations, started last night with a grandiose nine-course banquet. This is an important event that the current state of affairs between Russia and the West has made even more significant. Therefore, the fact that seven of 12 key participants from the US have decided to cancel their participation cannot be ignored. For the US, more in their case than for the Europeans, the severing of as many economic relations with Russia as possible is the key response to President Putin´s policies towards Ukraine. This approach is considered in Washington as the best and most impactful way of undermining Russia. The new face of our modern day “Cold War” is above all about economic muscle and financial measures.