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Davos elite and PAP ministers are related?

In Uncategorized on 20/01/2017 at 5:16 am

They talk the same way because they share the same world view?

This u/m from NYT’s Dealbook shows what the Davos elite thinks of the 99%: the plight of the plebs (poor and the middle class) is no fault of the elite, it’s their own fault.


Who defines meritocracy? Those who made it.

—————————————-         ————————————————

And the remedy? Emulate the Davos elite.

The Davao elite talk of more “entrepreneurialism … and education focused on the modern ways of technology” but not wealth distribution or paying workers more.

At least they don’t talk of welfarism, or sneer openly at the elderly poor for wanting slightly better food like a PAP minister once did.

Seriously, doesn’t this emphasis on “entrepreneurialism … and education focused on the modern ways of technology” sound like PM or a PAP minister talking (think the recent comments by an education minister). And isn’t the silence on wealth distribution and higher wages equally true here?

So it’s very appropriate that the sneerer-in-chief is attending Davos.

Minister for Foreign Affairs Vivian Balakrishnan and Senior Minister of State for Culture, Community and Youth and Trade and Industry Sim Ann will attend the World Economic Forum (WEF) Annual Meeting in Davos-Klosters, Switzerland, from Tuesday (Jan 17) to Friday.

CNA

Dealbook’s take on the WEF

By Amie Tsang
People are angry at the economic elite.
So the economic elite have gathered in the Swiss Alps to discuss this.
And what do they suggest? People who have not benefited from globalization need to try harder to emulate those who have succeeded.
“People have to take more ownership of upgrading themselves on a continuous basis,” Abidali Neemuchwala, the chief executive of the information technology and consulting company Wipro, said at one event.
Little discussed ideas: bolstering the power of workers to bargain for better wages and redistributing wealth from the top to the bottom.
“That agenda is anathema to a lot of Davos men and women,” said Joseph E. Stiglitz, a Nobel laureate economist and author of numerous books on globalization and economic inequality.
If that remains the case, the global populism insurrection may continue apace.
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  1. […] – Thoughts of a Cynical Investor: Davos elite and PAP ministers are related? […]

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