Davos’ Misunderstanding of Capitalism: The Radical Entrepreneurship Needed for the Future

Gerald Zhang-Schmidt, 28 January 2012

The World Economic Forum is in session in Davos again, and it’s a rather different story this year. Even established magnates of business and government, after arriving on their private jets and moving in with their entourages, express concern about inequality and worry how capitalism can continue. The WEF’s founder even questioned whether it’s such a great system, as it currently functions, after all. It would be all the more impressive if a realization finally dawned: There is an obvious need to change the ways we live and make a living, for infinite growth on a finite planet just isn’t possible.


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