CNN worried Davos losing as shift towards localization displaces the forces of globalization

CNN reports that the WEF's influence, however, may be waning as local concerns supersede global ones for many nations.

Libby Emmons Brooklyn NY
Since the World Economic Forum was founded in 1971, it has gained relevancy and influence among leaders in business, politics and culture around the world, and has been a proponent of globalism. CNN reports that their influence, however, may be waning as local concerns supersede global ones for many nations.

Joe Biden, Xi Jinping, Narendra Modi, Emmanuel Macron, and Rishi Sunak have all declined to attend the forum this year, as has billionaire philanthropist George Soros.

The World Economic Forum notoriously tweeted out a quote from Denmark parliament member Ida Auken, who said, in anticipation of the WEF's priorities for the future, "Welcome to 2030. I own nothing, have no privacy, and life has never been better." The WEF has tried to walk it back since the post in 2016, but their mission for the global populace was made remarkably clear.

The gathering of world leaders and wealthy globalists, CNN writes, "looks increasingly out of date as the biggest war in Europe since 1945 deepens splits in the world economy." Nations are adjusting and realigning their loyalties as fighting between Russia and Ukraine enters its second year in February.

"Since the invasion, more than 1,000 Western companies have curtailed operations in Russia, and Europe swiftly cut ties with what was once its top energy supplier despite the high costs. WEF itself had to freeze relations with Russia after hosting its politicians and oligarchs for years," CNN reports.

Ukrainian President Volodymyr Zelensky is in attendance at Davos.

While globalism is the WEF agenda, it may be out of step with current trends in industry, CNN laments, noting that many companies, in light of the war in Ukraine and a potential war in the Pacific, are "moving supply chains closer to home." 

Last week, it was revealed that the US, Mexico and Canada were discussing plans to have chip manufacturing located in Mexico in order to supply the chips for the essential tech products that increasingly power North American society.

"Yet the WEF’s first winter meeting in Davos since 2020 comes as economic heavyweights are playing by different rules, with companies moving supply chains closer to home, strategic stockpiling picking up pace and corporate executives who once extolled free trade appearing increasingly wary of rising geopolitical risks," CNN reports.

In fact, global trade has declined since the financial collapse of 2008, which was spurred by investing strategies in the US housing market. The WEF forum this week aims to address concerns over the cost of living.

The America First movement is a clear example of a growing group of American lawmakers and constituents who eschew globalism in favor of more local production and local priorities. For many Americans who are facing inflation, concerns in the job market, a border crisis, and worries over military readiness, global concerns are irrelevant compared to those that affect daily life.

Compare that to the mission of Davos, which is about bringing together global leaders to collaborate and coordinate on implementing the WEF vision in each of their nations around the world. That mission is for "a progressively interconnected global economy that also spreads democracy around the world," CNN reports.

That mission statement from the WEF reads: "The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas."

WEF Chair Klaus Schwab, who founded the annual meet-up, said that "Only personal interaction creates the necessary level of trust, which we need so much in our fractured world." The theme of this annual conference for 2023 is "Cooperation in a Fragmented World."

The WEF has pushed for climate change control and population reduction measures, while some 1,000 jets fly into the Swiss town so that leaders can talk about how others can cut back to reduce climate change. 

The opening ceremonies are set to be held on Monday night, with some 2,700 attendees.

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