Davos warning from BlackRock's Fink: Capitalism must evolve
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Davos warning from BlackRock's Fink: Capitalism must evolve
"Many of the people most affected by what we talk about here will never come to this conference,"
"Prosperity isn't just growth in the aggregate. It can't be measured by GDP or the market caps of the world's largest companies alone. It has to be judged by how many people can see it, touch it, and build a future on it."
"Since the fall of the Berlin Wall, more wealth has been created than in all prior human history combined,"
"If AI does to white-collar work what globalization did to blue-collar, we need to confront that directly."
Davos is an elite gathering struggling for relevance amid rising populism and deep institutional distrust. Many people most affected by forum decisions never attend. Prosperity must be judged by how many people can see it, touch it, and build a future on it, not only by GDP or market caps. The AI revolution risks concentrating benefits among traditional winners and could mirror globalization's displacement of blue-collar workers. The forum must broaden dialogue, listen to excluded perspectives, and take conversations beyond the promenade to places like Detroit and Dublin as elite consensus faces populist tests.
Read at Axios
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