Jale Özgentürk

Greedy, arrogant, irresponsible

17 Ocak 2024 Çarşamba

The world's wealthiest individuals and politicians are currently gathering in Davos, the Swiss ski town, again.

For one week, the global elite at the World Economic Forum's (WEF) annual meeting will discuss "saving the world" while simultaneously conducting lobbying efforts.

Turkey first became familiar with Davos in 1988 through Turgut Özal. For the AKP, which sought good relations with the Western world, Davos was a significant platform in its early years of governance. During these years, the business world even scheduled its programs around Davos.

This continued until the "one minute" incident occurred in Davos!


Prime Minister Erdoğan made history on January 29, 2009, in Davos with his reaction against Israeli President Shimon Peres. Thus, Davos lost its importance for Turkey.

Erdoğan said, "I will never come back to Davos," and he kept his word, not sending an official representative this year for the first time.

This year's meeting hosts important attendees, including U.S. Secretary of State Antony Blinken, French President Emmanuel Macron, Chinese Premier Li Qiang, and Ukrainian President Volodymyr Zelensky.

Speakers include Federal Reserve Chairman Christine Lagarde, ECB Member Francois Villeroy, IMF President Kristalina Georgieva, and German Finance Minister Christian Lindner.

The Davos meetings have significant topics: the climate crisis, the global economy, income inequality, artificial intelligence, and notably, uncertainty. The Global Outlook Report was released during the meetings, predicting continued geopolitical tensions in 2024, tight financing conditions, and weak growth due to the disruptive impact of artificial intelligence.

An independent report was also released by Oxfam, a global charity fighting income inequality and poverty.

The data revealed are striking. Since 2020, the wealth of the world's five richest men, all male, has increased by $14 million every hour.

Their combined wealth has doubled from $405 billion to $869 billion.

Another shocking figure from the report: since 2020, the world's poorest 4.77 billion people, or 60% of the global population, have lost $20 billion.

The report also states that 791 million workers haven't received inflation-adjusted wages, resulting in an average loss of one month's salary over two years.


The report predicts the emergence of the world's first dollar trillionaire within the next decade and that global poverty won't be completely eradicated even after 230 years.

U.S. Senator and former socialist presidential candidate Bernie Sanders, who wrote the report's foreword, states, "Billionaires get richer, the working class struggles and the poor live in desperation. This is the sad state of the global economy." Sanders adds that such inequality, greed, arrogance, and irresponsibility have never been seen before in history.

In Davos, the richest "pretend to discuss" major issues but achieve nothing.

Meanwhile, the world is becoming a greater hell for those who live by their labor.

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