The failure of Davos
fusion.net
fusion.net
Exhibit A: https://twitter.com/ianbremmer/status/689829766569050112
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* I thought that I should write "and girls", but then I remembered that these countries still often have "traditional", patriarchal gender roles, unfortunately.
And these are PPP dollars. So while they'll probably buy more in terms of food, house prices, ipad prices, ... will stay the same (granted, some bubbles will probably get popped, but a house costing $200-300k should not change).
Decent clothing ? T-shirts and jeans, and washing them once a month, tops, perhaps.
I for one strongly doubt that the middle class will accept this. War, civil war or the other kind, seems far more likely.
Source: https://en.wikipedia.org/wiki/List_of_countries_by_average_w...
PPP dollars : one takes the income of someone, follows them as they buy food, housing, .... Then you look up the prices of the same items in the US and that's the resulting figure.
It seemed like major players stopped going and the people who go now are just scenesters who want to feel important, see and been seen.
And if the goal of an organization is to make the world better and they have a bad year (or many bad years), does that mean they should pack up shop and say it's unachievable?
Crime rates in cities can rise year after year, sometimes for periods of a decade. The police don't just give up - they change, adapt, find new ways, and eventually they (or some external factor) lower crime rates. Why should Davos be any different?