Marketplace World quote Philip Booth
Professor Philip Booth of the free market Institute of Economic Affairs is scathing about Davos. He calls it: “an opportunity for grandstanding by politicians and the leaders of big business.” Booth claims that the forum does not even serve as a pointer to the year ahead; it failed to spot the problems that led to last financial crisis.
But isn’t this just sour grapes? None of the skeptics has been to Davos. None of them has been invited.
“I wouldn’t go,” retorts Booth. “I’d find it insufferable.”
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