In Defense of Davos

Photograph by Simon Dawson/Bloomberg

I suggested that the 1 per cent vs. 99 per cent battle cry of the Occupy movement has little to do with failings of the capitalist system, itself. Today’s income disparities are global in scope—at historic extremes in state-directed socialist systems such as China, as well as in market-based capitalist systems of the west. … Davos will never again be the same for me. There can be no retreat in the battle for big ideas.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.