The world’s elites are expecting a decline in global growth, but still seem committed to a neoliberal agenda…

It seems that the global elite are concerned about slowing economic growth, among other things.

According to a survey of the financiers, CEOs and politicians (in order of hierarchy?) 90% of them are worried about the prospect of a major ‘economic confrontation’, and the majority are anxious about ‘populist and nativist agendas’ and ‘public anger against elites’.

The majority believe we will see a decline in economic growth in 2019

Could this be a case of ‘chickens finally coming home to roost’? For decades these elites have conspired at Davos and other international economic forums to create a global neoliberal economic system which has allowed the world’s largest Corporations (especially the tech companies) to dodge paying tax in pretty much any country genuinely involved in their supply chain, which has led to the top global 0.1% getting a lot richer than the rest of us, and trillions of dollars in profits being stashed away in tax havens, waiting for a profitable investment opportunity.

The problem is that those profitable investment opportunities don’t seem to be coming around as often as they used to – probably because stagnating wages (caused at least in part by the sucking of profit to the top) have resulted in restricted demand.

While it is true that globalisation has lifted hundreds of millions of people out of absolute poverty in developing countries, most of these hardly earn enough to fuel demand for super high tech products, or really expensive products like cars; and in the developed world, the middle and lower classes (the majority) have experienced stagnant wages since the crash of 2008.

Maybe this is why we’re seeing something of a backlash against ‘politics as usual’ – Brexit and Trump, and the rise of more extreme political views?

If only people could properly wake up to the role of the global elites in causing economic insecurity and hardship, rather than blaming ordinary people just like them in neighbouring countries?

Oh, and don’t expect the global elite to suddenly develop a social consciousness – ‘overregulation’ is still firmly top of their ‘threats to economic growth’ list and (worryingly) climate change doesn’t even hit the top ten.

mAIN THREATS TO ECONOMIC GROWTH ACCORDING TO THE WORLD’S GLOBAL CEOS:

The above just seems to suggest their solutions to the anticipated global slowdown is more of the same neoliberal policies that got us into this mess in the first place.

One thing seems clear from the above, don’t expect the global elite to sort out our global economic problems, they are firmly committed to business as usual!

Sources

Fear of March madness looms over Davos (FT)

Panic is on the Agenda at Davos (Guardian)

Pre Davos survey shows 6-fold increase in CEO’s gloom (Guardian).

PWC global CEO Survey (PWC)

123 thoughts on “The world’s elites are expecting a decline in global growth, but still seem committed to a neoliberal agenda…”

  1. Greetings from California! I’m bored to death at work so I decided to check out your blog on my iphone during lunch break. I enjoy the info you present here and can’t wait to take a look when I get home. I’m amazed at how fast your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyways, excellent site!

  2. Pingback: Viagra 50mg uk
  3. Pingback: Viagra 25mg nz
  4. Pingback: Cialis 60 mg price
  5. Pingback: Cialis 40mg tablet
  6. Pingback: Cialis 10mg cost
  7. If Japan is neck of the woods of pre-eminent place to procure cialis online forum regional anesthesia’s can provides, in primeval, you are adapted to to be a Diagnosis: you are high to other treatment the discontinuation to fasten on particular as it most. clomiphene generic Lnidbm oadtbu

  8. Pingback: tadalafil 20mg usa
  9. Pingback: buy levitra 10mg
  10. Pingback: lasix 40 mg price
  11. Pingback: finasteride 1mg nz
  12. Pingback: abilify 20 mg otc
  13. Pingback: actos 15 mg online
  14. Pingback: amaryl 4 mg usa
  15. Pingback: arava 10 mg cheap
  16. Pingback: tamoxifen 20 mg nz
  17. Heya i am for the first time here. I found this board and I find It truly useful & it helped me out a lot. I hope to give something back and aid others like you aided me.

Leave a Reply

Your email address will not be published. Required fields are marked *