“To be held next week, the annual meetings of the World Economic Forum compel one to revisit John Maynard Keynes’ observation that “the ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood.” In particular, the Forum meetings highlight the ways in which not only good ideas, but alsobadones can persist in the minds of policymakers. Indeed, a perverse significance of the Forum lies in having advanced ideas regarding “competitiveness” that have proven persistentlywrong— with adverse implications for not only investment and growth, but also fairness, equality, and human security.”

 

Dr Wes Widmaier writes for the Human Protection Hub blog. Read the whole article here: http://protectiongateway.com/2013/01/17/the-world-economic-forums-misguided-competition-leaving-the-global-47-percent-behind/