World Economic Forum delegates fear that a long period of peace and economic integration could be coming to a close, says the Financial Times’ Gideon Rachman.
- fuelling inflation in Europe and threatening to make some industries uncompetitive.
Political leaders, particularly in the West, must worry, too, about domestic pressure from populists. Many of the latter have made the WEF a symbol of inequality and rootless international capitalism. Such theories aside, the idea that Davos is faintly toxic has gained ground. President Joe Biden, determined to present himself as fighting for ordinary working Americans, is unlikely to risk an appearance at Davos - unlike Donald Trump, who enjoyed rubbing shoulders with the assembled CEOs.
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