Crony Capitalism 2014: Davos Is Coming

George Soros

It’s that time again.

Deep in the heart of Winter each year the world’s business and political leaders descend on the tiny Swiss town of Davos to talk, attend lectures, network, ski, and generally party.

It sounds like an amazingly good time. What better way to plot the direction (or try to) of the world economy than over a few apres ski glasses of champagne?

(From The Economic Policy Journal)

Consider it a convention for government officials, government apologists and crony capitalists. Treasury Secretary Jack Lew will be there.

The average age of a Davos 2014 participant is 52 for men and 49 for women. The oldest attendee will be, at 90,  Shimon Peres, President of Israel.

Presidents and prime ministers from the G20 countries who will address the Meeting include: Tony Abbott, Prime Minister of Australia and 2014 Chair of the G20; Shinzo Abe, Prime Minister of Japan; David Cameron, Prime Minister of the United Kingdom; Enrico Letta, Prime Minister of Italy; Enrique Peña Nieto, President of Mexico; Park Geun-Hye, President of the Republic of Korea; and Dilma Rousseff, President of Brazil.

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