Tuesday, January 26th, 2010

Waiting For Godot In Davos

Felix Salmon cracks me up:

It's not like CEOs and billionaires (and billionaire CEOs) need any more flattery and ego-stroking than they get on a daily basis, but Davos gives them more than that: it allows them to flatter and ego-stroke each other, in public. They invariably leave even more puffed-up and sure of themselves than when they arrived, when in hindsight what the world really needed was for these men (it's still very much a boys' club) to be shaken out of their complacency and to ask themselves some tough questions about whether in fact they were leading us off a precipice. Now that it's clear that many of them were leading us off that cliff, there's still no sign of contrition, although you can be sure that a few fingers will be pointed at various past attendees who aren't here to defend themselves. Is anybody here seriously examining the idea that Davos was institutionally responsible, at least in part, for the economic and financial catastrophe which befell the world in 2008? I'll be on the lookout for that over the next few days.


8 Comments / Post A Comment

Moff (#28)

Davos is the one who started the Daleks, right?

DoctorDisaster (#1,970)

I thought he was a Bond villain.

Ribs (#2,690)

Salmon's sounding like Nassim Taleb.

Screen Name (#2,416)

Billionaires "shaken out of the complacency" and asking themselves "tough questions" about "leading us off a precipice"? Was that written by a guy named Salmon or Quixote?

Ceiba_T_ (#3,000)

If it's so awful, THEN WHAT IS HE DOING THERE? If anyone knows of a more self-righteous blogger than Salmon, I'd love to hear about him/her. Matthew Yglesias is humble in comparison.

Moff (#28)

Your comment is stupid on so many levels that it really deserves a more scathing response than "Your comment is stupid on so many levels."

atipofthehat (#797)

If the billionaires can't help us, we can always fall back on the rapists!

Ribs (#2,690)

Rapists are only workers, though — laborers. They're not hiring anybody (though AFAIK they're not exporting their jobs overseas).

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