Wednesday, January 11, 2017

World Economic Forum Risk Reports: Not Very Good

It appears Ms. Kaminska has a cruel streak when evaluating both elites and the apparel choices of Emperors (or lack thereof).

From FT Alphaville:

On the efficacy of WEF risk reports
Ahead of the annual WEF meeting in Davos, which starts next week, founder and executive chairman of the event Professor Klaus Schwab says in an FT advertisement on Wednesday that:
Leadership today cannot be built on privilege, but only on sustained and sincere efforts to earn trust, and trust can only be earned by serving society in a manner that transcends personal interests and produces tangible results on the public’s core concerns.
Davos meetings occur within a high security gated complex which incorporates five star hotels, champagne gatherings, piano bars, invite-only chalet after-parties, plus all trappings that befit the modern incarnation of the Versailles court phenomenon: maximum security, maximum hierarchy, maximum hangers on and maximum servant class standing at the ready.

But perhaps these leaders serve society by producing tangible results on the public’s core concerns in the shape of the global forward looking reports which accompany their meetings?

In that spirit, WEF’s global risk report “features perspectives from nearly 750 experts on the perceived impact and likelihood of 30 prevalent global risks as well as 13 underlying trends that could amplify them or alter the interconnections between them over a 10-year timeframe.”

So how successful are they at capturing the full spectrum of public concerns and global risks? For the benefit of non-attendees, here’s a short sharp comparative of some of the core metrics to be found in the 2016 report and the 2017 report.

Number of times the following term is referenced in the 2016 report....

Actually, thinking about it, her approach is less cruel and more akin to President Truman's response when told by a supporter to "Give 'em hell, Harry".
"I don't give them Hell. I just tell the truth about them and they think it's Hell."