Climate change and economic inequality loom large as the powerful descend on Davos - abcnews.go.com

Excerpts from article:

...Approximately 3,000 people will be attending this year - from President Donald Trump to German Chancellor Angela Merkel to climate change activist Greta Thunberg - and the theme is Stakeholders for a Cohesive and Sustainable World.

...The WEF explains that this year's theme is about using "Stakeholder capitalism," or a system where the interests of all stakeholders are weighed equally, as a means "To overcome income inequality, societal division and the climate crisis."

...Despite a strong economy on paper and low unemployment rates, a majority of those surveyed also said they did not believe they would be better off in five years time.

...CEO Richard Edelman called the findings a "Trust paradox," saying, "Since we began measuring trust 20 years ago, economic growth has fostered rising trust."

...U.S. Treasury Secretary Steven Mnuchen and European Central Bank President Christine Lagarde will be among those speaking this year on the topic of creating "Fairer economies," according to the WEF website.

Submitted 1557 days ago


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