January 28, 2009
Posted: 1309 GMT

DAVOS, Switzerland - I often ask myself why do I bother to come here? Then I remember, I am here as a journalist covering what the leaders say and do. But why do so many delegates, who have a choice, come here? Surely they would be better off tending to their business back home?

Ordinary delegates say they want to hear what world leaders say about crisis.
Ordinary delegates say they want to hear what world leaders say about crisis.

This morning I got the official schedule. Some of the sessions are extremely timely and relevant. The "Brainstorm - What happened to the Global Economy?" panel promises to be good. But other sessions, like "What is Good Design?" or "Political Art: What Now?" while interesting in an esoteric way, are hardly vital at this time of crisis.

In the registration hall I asked "ordinary" delegates why they came. Not the high and mighty - just mid-level executives and officials who make up the bulk of Davos.

Some said they wanted to hear world leaders and decision makers talk about the best way out of the financial mess (after all Vladmir Putin, Angela Merkel, Gordon Brown Wen Jiabao are all scheduled to speak). Others come to continue their dialogue with clients and suppliers and discuss what they need to do next.

Representatives from NGOs and aid groups like UNICEF attend, to make sure their causes are not forgotten in this moment of crisis. One lucky businessman is here to talk to investors in medical research - yes, there are still some people with money to invest.

Lots of delegates have been coming to Davos for many years - this event is part of their calendar. Just as you don't stop going to visit relatives at Christmas, so you still come to Davos in a crisis; even more so, they would say.

Perhaps the real reason to be here is summed up by the delegate from Asia who said "opportunity is the opposite of crisis." Quite!

Tune in to CNN International each evening at 1900 GMT to catch Richard’s new show, ‘Quest Means Business.’

For more coverage of this year’s World Economic Forum, go to our special Davos page.

Posted by: ,
Filed under: Business • Davos


Share this on:
dan in Tucson   January 28th, 2009 1331 GMT

Just another excuse for heads of corrupt corporations to cash in on perks. Really, most conventions are pointless. Lets concentrate on improving our business in this tough financial time and stop begging for bailouts then spending money foolishly. Lets stop welfare for the rich!

Torben   January 28th, 2009 1409 GMT

The very idea of expecting the same people who created the crisis to now shape a new better future is more than absurd – we need people with a more positive view and more sense of down-to-earth reality to pull us out of this mess!
Let's create a new Davos that is "celebrating life" rather than "embracing death"...where today's problems leave the space to tomorrows solutions – let's exclude the dinosaurs of the past and pave way for the innovators of the future!

Lauro Silva - Brazil   January 29th, 2009 1354 GMT

It´s not easy to understand why do we have to give the bankers and correlates the honor to decide the future of the world, mainly at this current time, when those are the first ones to blame for the mess.Bankers,on the other hand, are inhuman, merciless,coldhearted and do anything to aim at their own illimitable and greedy profits. Many people, doing business with bankers, end up dying under the unberable financial pressure of the deal and no one ever even receives at least any condolence from the financial institution. Why are they so untouchable and powerful ? The answer comes easily,because all the evils everywhere the world are so much ahead that no more is possible to get back the decency.

Michael C. McHugh   January 30th, 2009 1526 GMT

I agree that this crisis is an opportunity for the poorer countries, for the Global South where the majority of people have little or nothing. It's an opportunity because Wall Street and American capitalism are flat on their back at the moment, and thoroughly discredited in the eyes of just about anyone who can read a newspaper or turn on a TV set. The free market religion of the past 30 years has turned out to be based on false prophets, and now the chickens have come home to roost.

Now is the time for the developing countries to take matters into their own hands and DEMAND a global New Deal. They must think of how to reform the global system and international organizations to meet the needs of the majority and not just the elite or aristocracy. They should nor wait for America to take the lead or get back on its feet, but take advantage of this crisis to reform this planet.

As an american, I don't like to say it, but it's just a fact that the US government serves the needs of Wall Street and big business interests, not the needs of common people. Right now, it's pouring in trillions of dollars to prop up the system and return to business as usual in the world, but that will not happen overnight. During this interval when American banks and big business are weak, the Global South has the best chance to insist on certain reforms that will benefit the majority. This opportunity will not come around again for decades, and they can't afford to waste it.

Leave Your Comment


 

Comments are moderated by CNN, in accordance with the CNN Comment Policy, and may not appear on this blog until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.


subscribe RSS Icon
About this blog

CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.

For Biz Clinic, CNN's expert advice segment for today's uncertain financial times, tune in Mondays.

Contributors

Categories
Powered by WordPress.com VIP