Joel Kotkin reports from Davos that things are not well with Klaus Schwab’s World Economic Forum. Says he:

The growing irrelevance of what Adrian Wooldridge has labelled “the progressive aristocracy” can even be seen in the less than enthusiastic press coverage. Politico describes the contemporary Davos crowd as a “smart set” which “sounds dumb.”

Then he sticks in the shiv:

The grandees don’t have to travel far to see the results of their “reset” as nearby Germany’s industrial machine collapses, with even its last solar panel plant about to go belly-up.

But then there was Javier Milei’s rousing speech in Davos where he said that economic growth down the centuries looks like a “hockey stick.” No growth since forever, then all of a sudden a takeoff that has reduced extreme poverty from 95% of humanity to 5%.

So how come academia, international organisations, economic theorists and politicians demonise an economic system that has not only lifted 90% of the world’s population out of extreme poverty but has continued to do this faster and faster?

Good point, Javier. How come all these experts think that they can run the economy better than the businessmen? And what do we do about it?

I have a simple solution. It is this:

EVERYBODY: STAY........

© American Thinker