Every January, the elite gather in Davos, Switzerland to do business deals and listen to boring lectures by people who don’t have either money or power. It’s called the World Economic Forum.
Every year, the Left-wing foundation, Oxfam, simultaneously publishes its latest finding, which never changes much, that 1% of the world’s population owns half of the wealth.
These are public relations operations. The WEF’s message: “We’ve got it, and you don’t.” Oxfam’s message: “They’ve got it, and we don’t.” They are made for each other. They are joined at the hip.
DAVOS
The World Economic Forum is Duffy’s Tavern for the rich and powerful: “Where the elite meet to eat.”
Why do they go to the expense of gathering at Davos every year? Because no one wants to be left out. As they said on radio ads for rock and roll performances in my teenage years, “Be there, or be square.” Showing up means that you were invited. If you were not invited, you are not regarded as being in the elite . . . at least not this year.
In 2011, Ross Sorkin reported on what it cost to attend. First, there was the annual membership fee: 50,000 Swiss francs. In 2011, that was $52,000. But this was for commoners. If you wanted to get access to the private meetings, which the deal-doers presumably attend, you had to ante up $137,000 a year. Then there was the cost of a ticket into the Davos meeting: $19,000. Added up, the annual fee for insiders was $156,000.
Then there was the cost of a room. The budget rate was $500 a night.
You had to get there. First-class fare to Zurich was $11,000 in 2011.
You needed a chauffeur and expensive car. Add another $10,000.
Then there are the other meetings throughout the year. They get no publicity. But…