Talk for Article "Davos: America is open for business Trump tells global elite"

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  1. [ This comment is from a user you have muted ] (show)

    So WikiTribune is just following the same journalistic mantra, repeat the sound bites, interview popular media darlings….

    “Most foreign media this week focused on Indian Prime Minister Narendra Modi’s rousing introductory speech at the World Economic Forum in Davos and on the renewed competition between China and India around Doklam. These issues aren’t especially important. Davos is a nice conference for world leaders to enjoy themselves while accomplishing nothing that will have much effect on the world.”
    (J. Shapiro, 26 Jan 2018, India’s One Belt One Roadblock, GPF)

    https://us11.campaign-archive.com/?e=c1ae91523e&u=781d962e0d3dfabcf455f7eff&id=1099c53c35

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      Really? You did see what we did on Modi?
      https://www.wikitribune.com/story/2018/01/23/india/davos-indias-modi-confronts-trump-protectionism-with-a-plea-to-defend-globalisation/43414/
      The “truth” is that Modi actually wasn’t as strong as expected.
      Which “media darlings”?
      Seriously, I am happy to respond and try to find different people but it is unlikely that the biggest story on the event — which really has been the president of the United States — is not going to be the biggest story.
      I am about to file reactions from non-darlings shortly so please take a look and let me know.

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    Interesting serialization of the coversge of Davos. Thank you. Suggested line of inquiry, if applicable to the attendees.. The NYT published an article January 18 about hospitals starting their own drug companies to counter a varirty of problems acquiring meds for their patients from big drug compsnies. If the pharmaceutical industry is represented at Davos, how do they interpret this challenge to their industry? What might be the social and political implications? Is this a problem unique to the U.S.? I understand that big pharma is a major contributor to PACs, political parties, and candidates. Thank you for considering this suggestion.

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      Claudia, I didn’t get the opportunity to specifically focus on the pharmaceuticals industry in response to your query. However, I think you probably saw that Mr Trump had the CEOs of some of the biggest European drug companies, like Bayer, at his dinner the night before his speech. I think you are right that the system of political donations is very much part of all of this and of the power jockeying we see. We don’t have great expertise in this but groups like POGO in DC do. I’m going to think about how we can develop it with the help of the WikiTribune community.

      1. [ This comment is from a user you have muted ] (show)

        Thank you Peter.

  3. [ This comment is from a user you have muted ] (show)

    over use of airquotes.

    1. [ This comment is from a user you have muted ] (show)

      interesting. We (I) am trying to be very clear with the reader about what actual words were used rather than them being “air” quotes to indicate something we all know. I will take it into account but it’s in the realm of us trying to be clear if we are putting words into people’s mouths, or interpreting the situation in a journalistic manner [such as using the word lectured to convey the tone of Justin Trudeau’s speech]. I’ll definitely think about how not to make that mission irritating.

    2. [ This comment is from a user you have muted ] (show)

      Better now? I did try to dial them down but I was also conscious of trying to make sure what was said and what might be perceived as my interpretation.

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    I think that something that could and should be included in. The world overview and expressed to readers is the ongoing effect of various disruptive technologies as they emerge. Crypto currencies is one that is very relative to this story and the people attending the conference.

    While I think that none of the current cryptos may end up being the winner in the long run they donillustrate the viability of a non-government issued currency to be adopted and utilized.

    Also the idea of keeping better track of which attendees and their companies are working to embody the noble principles outlined at David and which are using these goals and the concept of globalization to unfairly enrich themselves at the expense of people like workers in third world countries. Apple in China would be an example or the Cobalt miners in (allure and child) in the Congo who help to supply materials to Lithium battery makers and ultimately to all of the big tech companies in the world.

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      Good point. Blockchain is huge here.

      1. [ This comment is from a user you have muted ] (show)

        Thanks and I apologize for how the post looked. I did it on my phone this morning right after I woke up.

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      Mike, here is a piece I did on blockchain at Davos to try to get across how huge it is going to be, if one accepts that Davos is one of the places ideas go to become big ideas. https://www.wikitribune.com/story/2018/01/25/cryptocurrencies/blockchain-has-moment-in-the-snow-at-davos-regulators-move-on-cryptocurrencies/44421/

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    1. “Larry Fink, the CEO of BlackRock, wrote an open letter to corporate CEOs about social responsibility. Specifically, about how companies shouldn’t just think about profits, they also should be making a “positive contribution to society.” ”

    What does Mr. Fink believe is a positive contribution? What changes will CEOs make?

    2. Henry Ford believed in paying employees well so they could buy his product. How do attendees view this philosophy? Is it more cost-effective to pay employees a livable wage today than to pay a country a guaranteed minimum income tomorrow?

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      Kathy, I didn’t do a specific break out story but I did include in this piece that inequality — and kind and maybe useful words about it — was one of the four key elements I felt came up at Davos.
      https://www.wikitribune.com/story/2018/01/15/current_affairs/wtf-wef-help-us-cover-the-global-elite-in-davos/39223/

      Here is the bit I did, specifically driven by your query which I appreciated:
      World leaders and some of the most powerful businesspeople warned that strong global economic growth was not being shared with the poor or even with the workers of the most successful companies. They warned that the failure to heed the lessons of the 2008 global financial crisis and to tackle growing inequality was being reflected in the rise of populism and a loss of faith in politics and the media.

      “We must ensure that the benefits are shared with all of our citizens and not just the few,” Canadian Prime Minister Justin Trudeau told the WEF. He accused corporations of rewarding executives and shareholders while avoiding tax and cutting benefits for staff: “That approach can’t and won’t cut it any more.”

      Larry Fink, chairman and chief executive of the world’s largest asset owner BlackRock Inc. used his pulpit in Davos to drive forward a controversial message that his fellow CEOs had to do more to spread the economic benefits of their growth and to promote financial inclusion (CNBC) or risk a backlash.

      “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate,” Fink said in an open letter (DW.com) released just ahead of Davos.

      Also, when I interviewed some leading people after the Trump speech I thought of you with this comment from Gene Sperling who advised Bill Clinton and Barack Obama: Gene Sperling, who shaped economic policy in the administrations of Presidents Clinton and Obama:
      “I am not one who shares in the view of having such low expectations that would allow me to think much of that talk. I think when you are at home using profanity to describe the homelands of countries around the world, when as you are speaking your White House staff is taking a very nationalist and hardline and cruel immigration stance, I don’t think a few nice words in a speech are going to affect your global perception.

      “I think it’s sad that people do not think the President of the United States really wants to cooperate and work with the rest of the world on climate change or other issues.”

      On the positive reception among businesses in Davos to the tax cuts, he said: “There was a huge transfer of wealth of borrowing significant amount of money that the American people have to pay back and transferring it to most of our major companies so it’s not surprising that they’re well off.”

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    Just saw this in the “Pre-Meeting Press Conference”, thought it is a great line to highlight:

    https://youtu.be/n27Ssznx7bk?t=14m14s

    “There is today a real danger of a collapse of our global systems”

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      Put in there now. Thank you.

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      I agree that this is something that is going to have to be considered by people like those who get invited to Davos. The world is changing rapidly and the change is only going to accelerate. Unfettered communication and interaction/cooperation between anyone and everyone in the world in a borderless fashion via the Internet and smart phones is going to change everything. I think we are going to witness the next step in the evolution of human society and it is in the hands of the citizens of the world what that step it.

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    I would like more tech details on Germany’s Sonnen company help in Puerto Rico. What will need to be done to make sure their solar cells survive the next hurricane? Cover the solar cells with boards, anchor them to the ground so the wind don’t take them, store them somewhere safe until after the hurricane is over?
    What kind of batteries do they use to store power and how long can they keep a charge?
    Siemens another German company has a 6 megawatts power plant that runs on hydrogen from water can it be used with sea water even if it only runs on fresh water tanks of hydrogen powering fuel cells could provide water for Puerto Rico when the next hurricane comes.

    Are the Germans interested in show casing their tech in Puerto Rico in the hopes of getting customers from every Island in the Caribbean?

    Oh and please tell them thank you for everything they have done so far it is appreciated 🙂

    https://www.reuters.com/article/us-siemens-hydrogen/siemens-to-open-plant-to-turn-electricity-from-wind-into-hydrogen-idUSKCN0PB5K920150701

    https://www.siemens.com/innovation/en/home/pictures-of-the-future/energy-and-efficiency/smart-grids-and-energy-storage-electrolyzers-energy-storage-for-the-future.html

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      I’ll see what I can do. Thank you.

  8. [ This comment is from a user you have muted ] (show)
    DU
    Deleted User

    As banner men and women of both capitalism and democracy at their best, which nation would attendees flag up as the gold standard of these systems implementation? And what’s the most terrifying thing about others attempting to emulate that nation?

    1. [ This comment is from a user you have muted ] (show)

      Interesting. I will try.

    2. [ This comment is from a user you have muted ] (show)

      Listening to her today I would say Angela Merkel may say Germany and in fact the European Union as an institution: https://www.wikitribune.com/story/2018/01/24/germany/merkel-defends-multilateralism-against-populism-and-national-self-interest/43947/

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    I would encourage commentors and question-proposers to review the Davos agenda (https://www.weforum.org/agenda/), the WEF’s major product, the Global Competitiveness Report (https://en.wikipedia.org/wiki/Global_Competitiveness_Report)

  10. [ This comment is from a user you have muted ] (show)

    Thanks for taking input Peter. I’m not sure how I’d phrase this as a question yet, but I just discovered this formula through Julian Savulescu (https://www.youtube.com/watch?v=yF3PcdU8fEk):

    moral responsibility = foreseeability * avoidability
    blame = moral responsibility * harm

    Foreseeability could be also construed your intelligence/ignorance and avoidability as your power (to affect change).

    So the greater knowledge and power you have the more moral responsibility you have. This means that Davos regulars (with vast power) end up with vastly more responsibility. Davos (at its best) seems to be a forum to educate the attendees about current/future problems problems and thus is essentially increasing their responsibility. (As they can be blamed for not acting despite being aware of the problems).

    So given the above, what are good questions? Perhaps (with better wording than I can manage):

    Do you accept the moral responsibility that is implicit in knowing about serious problems and having the power and wealth to address them?

    If you accept the responsibility, what is a sufficient/reasonable punishment or price to pay for not meeting your moral responsibility? (I.E. What is a reasonable recourse to take against others at Davos who don’t accept responsibility and/or cooperate?)

    Is the once-a-year Davos enough to improve the education and coordination of those most responsible for fixing the problems highlighted? Should more effort be made to educate the attendees and increase coordination? Are you responsible for that too?

    Sorry are these are still quite non-specific and theoretical.

    1. [ This comment is from a user you have muted ] (show)

      Thanks very much. Interesting approach.

    2. [ This comment is from a user you have muted ] (show)

      Did you see the reactions from several leading economists and others in my piece to the Trump speech? It was also telling how much more effective Macron and Merkel were in getting their points across and how much more they appeared to have thought them through than say, Theresa May.
      https://www.wikitribune.com/story/2018/01/24/germany/merkel-defends-multilateralism-against-populism-and-national-self-interest/43947/
      And Macron:
      https://www.wikitribune.com/story/2018/01/24/france/macron-warns-against-a-darwinian-worldview/44035/
      The educational aspect also came up in this piece about blockchain which was really one of the major “learning” and high impact areas at Davos this year:
      https://www.wikitribune.com/story/2018/01/25/cryptocurrencies/blockchain-has-moment-in-the-snow-at-davos-regulators-move-on-cryptocurrencies/44421/

  11. [ This comment is from a user you have muted ] (show)

    Perhaps a short history of outcomes regarding the past world economic conference or Davos could be thrown together? Do the conference’s visitors and speeches enable change on the planet or is the conference just catch up for 1%’er types so some business can get done in between events. Rumor has it POTUS is going to drop by if nothing else that will lower the bar and probably keep some attendees hidden away in the chalet bars. Disgusting. But I’d guess the movers and shakers of the world probably are now use to hobnobbing with undesirables, but as indicated above, work and deals if any will get done in the hallways and bars.
    I usually wait for Jeff Jarvis to give a recap of the Davos festivities, he sometimes skypes into the twit.tv network during the event.

    1. [ This comment is from a user you have muted ] (show)

      We will be seeing Jeff and will let you know what he’s up to.

  12. [ This comment is from a user you have muted ] (show)

    I suggest you ask each corporate representative what operations they have in offshore tax havens and what they will commit to reducing these?

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    I claim no particular qualification or knowledge, but how about asking if the Davos attendees think it is sensible and moral to have a ‘CEO vs worker reward differential ratio’ of over 250? See at:
    http://fortune.com/2017/07/20/ceo-pay-ratio-2016/

    And if it’s not sensible and moral, what on (global) Earth are they doing about it?

    1. [ This comment is from a user you have muted ] (show)

      Exactly the sort of thing I was hoping for, thanks.

    2. [ This comment is from a user you have muted ] (show)

      George, I didn’t quite get to that level of detail but it was a strong message in what we reported from Trudeau:
      https://www.wikitribune.com/story/2018/01/23/canada/trudeau-lectures-global-elite-on-inequality-treatment-of-women/43603/
      And Macron:
      https://www.wikitribune.com/story/2018/01/24/france/macron-warns-against-a-darwinian-worldview/44035/
      And also in the comments from leading economists and others on this specific overall reaction on Davos piece.

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