“The conference agenda shows how disconnected attendees are from real life. It is difficult for those who live in a cocoon of wealth or power, generally paid for by others, to understand the concerns of ordinary denizens of the planet.”
Those who attend Davos truly do live in their own bubbles. Perhaps it’s the same bubble that bonds have been in for the past 30 years. They don’t understand what life actually looks like to the average person. It’s just not the average person though, it’s all walks of life feeling the pinch of low wages, high prices, and sub-par opportunity. The club of the elite, made up of both good and bad, really don’t connect with every day people. The system is top down when it should be bottom up. But, a new form of system would demand a reworking of nearly every monetary system and power structure throughout the world. And hard assets would be the basis of said system, not fiat that can be created by and for a small group of people who have their own interests set above the rest of society.