Nations decide which problems to solve through politics. Global elites already know what problems need solving. Just ask them.
Klaus Schwab, founder and executive chairman of the World Economic Forum.
Refugee Run is an immersive theatrical experience at the World Economic Forum in Davos, Switzerland, in which billionaires and other global elites pretend to be refugees for a little over an hour. In one promotional video, corporate executives wearing $1,000 loafers “escape” their “village” and make their way to a “refugee camp,” where they must “bribe” actors playing camp guards. Facebook’s Sheryl Sandberg flashes on‑screen to attest: “I found it incredible . . . that you can put yourself in a room like this and feel as much as you feel.” This focus on eliciting emotional responses from the wealthy and powerful at an Alpine ski resort, rather than providing material assistance to actual refugees, makes Refugee Run an appropriate charity for the Davos set. Den Rest des Beitrags lesen »
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum. He is the author of Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet (forthcoming in February 2021).
The catastrophic destruction of World War II was followed by an era of unprecedented growth and material prosperity. Now that the COVID‑19 crisis has exposed the deficiencies of that era’s institutions and governing philosophy, it is time to start rebuilding once again – and, like in 1946, on a new foundation.
DAVOS – The year ahead could be a historic one – and in a positive way. Seventy‑five years after the original “Year Zero” that followed World War II, we once again have a chance to rebuild. The process after 1945 was literal: building anew from the wreckage of war. This time, the focus is on the material world but also on so much more. We must aim for a higher degree of societal sophistication and create a sound basis for the well‑being of all people and the planet.Den Rest des Beitrags lesen »
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.
Tragedy need not be the only legacy of the COVID‑19 crisis. On the contrary, the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future.
GENEVA – COVID‑19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.
To achieve a better outcome, the world must act jointly and swiftly to revamp 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.Den Rest des Beitrags lesen »
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.
Though the concept of „stakeholder capitalism“ has been around for a half‑century, it has only recently begun to gain traction against the prevailing shareholder‑primacy model of profit maximization. Now, advocates of a more socially conscious economic system must take steps to ensure that their vision takes hold for the long term.
GENEVA – What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.
Generally speaking, we have three models to choose from. The first is “shareholder capitalism,” embraced by most Western corporations, which holds that a corporation’s primary goal should be to maximize its profits. The second model is “state capitalism,” which entrusts the government with setting the direction of the economy, and has risen to prominence in many emerging markets, not least China.
But, compared to these two options, the third has the most to recommend it. “Stakeholder capitalism,” a model I first proposed a half‑century ago, positions private corporations as trustees of society, and is clearly the best response to today’s social and environmental challenges. Den Rest des Beitrags lesen »
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.
GENF – Die Angst vor einer weltweiten Rezession, der Handelskrieg zwischen den USA und China, die Auswirkungen des Brexit und ein gefährlicher Schuldenüberhang sorgen für eine der stressreichsten Phasen seit einem Jahrzehnt. Gleichzeitig stehen langfristige Ziele, wie die Umsetzung der Nachhaltigkeitszielen bis 2020, die Umsetzung des Pariser Klimaabkommens bis 2050 und der Umbau des Wirtschaftssystems für die nächsten 50 Jahre, an.
Um ein langristiges Denken anzuregen, braucht es eine Neuorientierung. Dazu drei Vorschläge:Zunächst müssen wir den wirtschaftlichen Bezugsrahmen ändern. 75 Jahre lang stand das Bruttoinlandsprodukts (BIP) im Zentrum und die Volkswirtschaften dienten als Werkzeug zur Mobilisierung der Produktion für den Krieg. Gegenwärtig aber ist die Maximierung von nachhatligem Wohlstand das Ziel und es braucht alternative Messgrössen.Eine Gruppe von Ökonomen aus der Privatwirtschaft, Hochschulen und internationalen Einrichtungen, (u.a. Diane Coyle und Mariana Mazzucato) haben das „Wealth Project“ (Wohlstandsprojekt), aufbauend auf Weltbank-Ansätzen, entwickelt. Den Rest des Beitrags lesen »
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.
The world is experiencing an economic and political upheaval that will not cease any time soon. The forces of the Fourth Industrial Revolution have ushered in a new economy and a new form of globalization, both of which demand new forms of governance to safeguard the public good.
GENEVA – After World War II, the international community came together to build a shared future. Now, it must do so again. Owing to the slow and uneven recovery in the decade since the global financial crisis, a substantial part of society has become disaffected and embittered, not only with politics and politicians, but also with globalization and the entire economic system it underpins. In an era of widespread insecurity and frustration, populism has become increasingly attractive as an alternative to the status quo.
Klaus Schwab is Founder and Executive Chairman of the World Economic Forum.
Klaus Schwab, Project Syndicate
In the second decade of the twenty-first century, geopolitical challenges are combining with technologically-driven disruptions to create new, immensely complex global problems. But while the challenges confronting us today are unlike anything seen before, overcoming them demands the same age-old solution: good-faith dialogue.
GENEVA – Closing the divides in our fractured world will require collaboration among many stakeholders. And, more often than not, it is dialogue that sets cooperation apart from conflict, and progress from painful reversals of fortune.
Good-faith dialogue – the ability to see the world through the eyes of other people, especially those with whom we disagree – has never been more important. We are living in an age when the Internet and other information and communications technologies have broken down traditional borders and brought us closer together. But it is also an age in which the drumbeat of nationalism is pushing us further apart. In the absence of calm, constructive, and sometimes uncomfortable conversations about what kind of future we want, intolerance and isolationism threaten to roll back centuries of progress. Den Rest des Beitrags lesen »
Klaus Schwab, executive chairman of the World Economic Forum, on how to deal with a fractured world
Around the world, between nations and peoples, fault lines are starting to grow. The U.S., under the leadership of Donald Trump, has seen a strong surge of nationalism. Some European nations are seeking more freedom from Brussels. And widespread dissatisfaction is growing about the effects of globalization.
To talk about these fissures—and how technology could add to the troubles—Wall Street Journal Editor in Chief Gerard Baker spoke with Klaus Schwab, founder and executive chairman of the World Economic Forum. Here are edited excerpts.
Why the divide?
MR. BAKER: What are the main causes of the fractures that we’re seeing in the world right now?
PROF. SCHWAB: We went through a phase of hyperglobalization. The World Economic Forum always raised its voice against this neoliberal globalization. We always say globalization has to be combined with social caution. Now what we see is that the people who have been left out and who have suffered more from globalization and not profited from it start to have thoughts of rebellion. Den Rest des Beitrags lesen »
Is he so positive because Trump is attending??? He ruins the credibility of the WEF! (hfk)
Date: 10-01-2018
Source: The Wall Street Journal
Klaus Schwab tells WSJ Editor in Chief Gerard Baker fears of confrontation haven’t come to pass
Prof. Klaus Schwab, who heads the World Economic Forum in Davos, Switzerland, spoke with The Wall Street Journal’s Editor in Chief Gerard Baker.
President Donald Trump has had a rough first year in office but has made important diplomatic progress with China and other key countries toward resolving some of the biggest sources of international tension, according to the head of the World Economic Forum.
In an interview ahead of the 48th annual meeting of the gathering of world leaders in politics, business, culture and the arts in Davos, Switzerland, Professor Klaus Schwab expressed concern that the U.S. president had upended many of the norms of international relations in his first year in office but noted that fears of greater global tension had not been realized. Den Rest des Beitrags lesen »
Kishore Mahbubani, Dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore, is the co-author with Jeffery Sng of The ASEAN Miracle: A Catalyst for Peace. He was selected as one of Prospect magazine’s top 50 world thinkers in 2014.
Klaus Schwab
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, is the author of The Fourth Industrial Revolution.
AUG 9, 2017 Project Syndicate
SINGAPORE – Not long ago, over dinner in Singapore, we attempted to define what qualities make a great leader. For Klaus, the five key elements were heart, brain, muscle, nerve, and soul. For Kishore, compassion, canniness, and courage were key, as was the ability to identify talent and understand complexity.The extent of the overlap is telling.
It is no coincidence that both lists begin with heart. Like Nelson Mandela and Mahatma Gandhi, a leader cannot achieve greatness without showing deep empathy with his or her people – a sentiment that fuels the fight against the injustices those people may face.
Such heroic leaders are unlikely to emerge in normal times. But these are not normal times.On the contrary, today’s unprecedented inequality in many parts of the world is precisely the kind of injustice that could spur the emergence of great leaders with compassion for those at the bottom. Canadian Prime Minister Justin Trudeau, the young leader who most radiates hope today, was elected partly because of his commitment to helping ordinary people. Den Rest des Beitrags lesen »
Klaus Schwab, founder and executive chairman of the World Economic Forum.
Föhrenbergkreis Finanzwirtschaft 
GENEVA – After World War II, the international community came together to build a shared future. Now, it must do so again. Owing to the slow and uneven recovery in the decade since the global financial crisis, a substantial part of society has become disaffected and embittered, not only with politics and politicians, but also with globalization and the entire economic system it underpins. In an era of widespread insecurity and frustration, populism has become increasingly attractive as an alternative to the status quo.