Friday, January 27, 2012

The Real Davos Story 2012

Harper went to Davos prepared with the big reveal, the Transformative  Strategy for Canada and by extension to the world economic leaders.  As he held Mark Carney in captive thrall running through his talking points and polishing his delivery,
The veteran founder and Chairman of the Davos World Economic Forum, Professor Klaus Schwab, declares that "Capitalism, in its current form, no longer fits the world around us."
 Reporter:  Terry Milewski,

Harper's plan for Capitalism is that it should grow and find markets everywhere unfettered by government intervention.  Hence, less taxes for corporations.  His message was the debt.
"It threatens the strong, sustainable balanced growth that G20 countries have made their priority and risks bringing the world to another recession."
 "We have failed to learn the lessons from the financial crisis of 2009," he goes on. "A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility."
Harper didn't mention his failed policies such as putting too much money into one region for oil development and encouragement of investment which impacted the rest of Canada because of a petro dollar or "Dutch disease" result.  Investors felt free to take the money grants and then leave without penalty.  

Even though Canada shares NAFTA policies with the U.S., Obama has moved towards protectionism, and buy American policies in order to insulate workers from job losses.  The U.S. presses charges against "dumping" of solar panels by Chinese.

Even though the world is in chaos from corruption in banking, excessive movement of money away from stakeholders and into the hands of shareholders where it is parked out of country or used in a virtual way as commodity flips and trades make money and inflate goods beyond real value. 

Free trade and free markets won't cut it anymore.
That's obvious in Canada.  Yet, Canadian goods are struggling to compete against the influx of Target, Wallmart, Ipods instead of Blackberries.  
"seriously address the social impact of globalization," he says. "Growing inequities within and between countries and rising unemployment are no longer sustainable ... We must rethink our traditional notions of economic growth and global competitiveness, not only by focusing on growth rates and market penetration, but also, equally — if not more importantly — by assessing the quality of economic growth."
"How sustainable is it and at what cost to the environment? How are the gains distributed? What has become of the family and community fabric, as well as of our culture and heritage? The time has come to embrace a much more holistic, inclusive and qualitative approach to economic development."
"The success of any national and business model for competitiveness in the future will be less based on capital and much more based on talent. I define this transition as moving from capitalism to 'talentism'."
Some tweets via  search term Davros

"Growth was achieved at the cost of greater inequity, higher unemployment, weak
democracy,loss of identity, & overconsumption" #Davros #WEF

Important to read re-read & absorb - World Bank Beyond Economic Growth
ISBN 0-8213-4853-1 (+ pdf) CH 1 "What Is Development?" #Davros #WEF

Invest for the long term future, Stop short selling the World. #Davros #wef Take options for decency and reasonableness.

Humanity has for many years known the correct action to support and maintain health world economics but Fail as are too greedy #Davros #WEF

Look here for my shared Tweet Grid on topics on the blog

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