In the News (from Business Inquirer): “The world’s political and business elite gathered in the snow-covered resort of Davos on Wednesday, aiming to instil some confidence in the global economy amid tentative signs of recovery.

“About 45 world leaders will rub shoulders with around 2,500 lobbyists, journalists, captains of industry and economists in the picture-postcard Swiss ski resort for the five-day annual meeting of the World Economic Forum (WEF). …

“Organizers have chosen the theme ‘resilient dynamism,’ reflecting the need for an improvement in the structure of the global economy to resist sudden emergencies like the eurozone debt crisis.”

My Comment: As long as politicians and economists are not aware of the dead end in egoistic protectionist development, do not recognize that the future of the world lies in global integral development, sustainable production and consumption, avoiding excessive production, and accept the need for equal rational consumption by all the people in the world, up to the point of full integration of all of humanity as the next stage of our development, the crisis will inevitably force us to recognize our mistakes through its dramatic manifestations.
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Related Material:
World Economic Forum, Global Risks 2011 Report
Davos To Seek Solutions For “Global Burnout”
A Letter To Capitalists From Adam Smith

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