Jan 26 2009
World Economic Forum Set to Commence Amidst Global Financial Crisis
Business and political elites will be gathering this week in Davos, Switzerland amid a global financial crisis for the annual World Economic Forum. As the U.S. economic recession continues to have a domino-effect around the world, this year’s meeting has set high goals for government leaders and financial experts to promptly respond to the situation at hand. Over 2,500 participants, including more than 40 heads of state, will attend the five-day meeting starting Wednesday. This year’s forum has been dubbed “Shaping the Post-Crisis World,” which reflects its stated objective to “catalyze a holistic and systematic approach to improve the state of the world in a manner that integrates all stakeholders of global society.” Critics of the annual gathering are anxious to see if frivolity and partying this year in the backdrop of the economic crisis will match that of previous years. President Obama decided last minute not to send his National Economic Council director, Larry Summers and National Security Adviser Gen. James Jones to attend the meeting. Instead, Valerie Jarret, Mr. Obama’s senior adviser will attend. It remains to be seen what plans will result from the forum and how they portend to address the global financial crisis.
GUESTS: Sameer Dossani, Director of 50 Years Is Enough Network, Dr. Jack Rasmus, Professor of Economics and Politics at Saint Mary’s College, author of the forthcoming book “EPIC Recession and Global Financial Crisis.”
2 Responses to “World Economic Forum Set to Commence Amidst Global Financial Crisis”
THANX PRESIDENT OBUMMA! THE SSI CUTS AND THE RENT RAISES WILL MAKE LOTS MORE HOMELESS PEOPLE FOR YOUR FOLLOWERS TO BULLY!
This may seem at first glance an abstract idea. But please consider showing it to some Economic Experts.
It appears that what we need is the ability to do less with more. At least from a labor perspective.
I can only think of two ways to achieve this. (1) “commercially managed full employment” and incentives/collaboration to (2) “increase commerce efficiencies” and regulation to ensure those efficiency gains are passed on to product price reductions whilst protecting responsible profit taking.
1) Allocation of required labor hours across all people available for work across an economy. That is, companies encourage workers to trade income for leisure. Companies are rewarded by recognition as active global citizens and allowed to participate in a specially designed global internet market that offers cost savings that they must use to further reduce prices. That way we are all still engaged in the economy and everyone is motivated by efficiency as that increases the buyer power of all wages.
2) Efficiency gains. I have a concept for an Internet Market using Web Services that may be worthy of considering as (in theory) it provides efficiencies for all market participants by significantly reducing the costs of trading and represents relatively very low setup costs. The concept uses Web Services to securely update any businesses finance system from the action of the BUY decision, automatically. Protection is offered by feedback and return policies and sanctions for Sellers that are unethical. For the Seller is the esteem of being able to trade in a market that only accepts companies that embody the spirit of a New Global Economy of equity and innovation. There are potential cost savings as well. Customers could be attracted to the market by give aways and promotions which may in time reduce the costs of advertising due tom the ease of accessing internet based information. Web Services would be used to gain finance approval for the transaction, again automatically, and thus further reduce transaction costs and improve cash flow. Financing could be removed one step from the trade process.
If any ones interested in exploring the market concept, just email rob.beasley@live.com and i’ll send a copy.