Turning the tables: Can you help Davos leaders?

By Reuters Staff
January 27, 2009

Klaus SchwabDavos is a well-rehearsed event and everyone knows the part they should play. Business and political leaders gather each year to tackle the major challenges of a global economy while the rest of the world, or those of its citizens who are interested, look on from afar. But this year, for obvious reasons, things are different. The notion of leadership has been coupled in the public mind with that of responsibility. The tone here is a little more humble and the attitude more open-minded. There’s a recognition that new thinking is required.  A suitable time, perhaps, to turn the tables on convention and have Davos delegates ask the questions they can’t answer and for global citizens to offer solutions.

Gamefully opening the discourse is Professor Klaus Schwab, Founder and President of the World Economic Forum.

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If you’ve got suggestions for Klaus then use the comments section below.

282 comments

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Putin and Wen pointed towards the politics in the US and the UK and partly they are right.

Wrong macro economics and lack of regulation allowed the bubble to grow until it was not controllable anymore.
So what have we learned out of that? Change the politicians in the US(already happened) and the UK(will happen).

I would like to add another culprit to Putin and Wen`s point of view: US/ UK MBA mangement culture,share holder value culture and greedy irresponsible CEOs sometimes called “leaders”.

This overpaid, short sightened, personally not responsible parasites on top of huge companies should be made personally responsible for losses occured.
They must loose their houses and not receive bonuses instead.
Obama was rightly angry – there should be a mini revolution and we should throw this CEO bankers, Madoffs in prison and confiscate their money to build schools and help the poor. Instead their institutions get our money and we get their debt – hey what a good deal – how will Obama explain this to his citizens!

Run companies with personally responsible “entrepeneur style” people and see what will happen. I can give of course one example: Porsche. Their CEO is personally responsible and would have lost his house if he would have got it wrong – but he hasn`t.

Finally leave the entrepeneurs alone to run succesfully their companies and look for a social market economy as the new third way as obviously capitalism and socialism have failed in this world.

Posted by Karlheinz | Report as abusive

No bailouts, no fiat currency, no federal reserve, no government debt, no financial ‘industry’. Only goods and services should be traded in the real economy. Credit default swaps should be declared void due to force majeur.