See, this reads like an absolute dystopia to me, like a late-stage capitalist endgame. With the WEF being a bunch of hypercapitalists, it ain't too surprising that they'd pitch it as utopia instead.
A society wherein "the top elite certainly own things, just not the general public" is the capitalist endgame; the goal is to maximize profit/wealth, and being one of the lucky few who owns everything and rents it all back out to the masses is a damn good way of going about that.