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Davos Elites No Longer Pretending Their Globalist Shindig Helps Anyone But Themselves

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Davos Elites No Longer Pretending Their Globalist Shindig Helps Anyone But Themselves

by Daily Caller News Foundation
January 23, 2026 at 1:19 pm
in News, Wire
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Davos Elites No Longer Pretending Their Globalist Shindig Helps Anyone But Themselves

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Daily Caller News Foundation

Globalist elites at the World Economic Forum (WEF) in Davos, Switzerland, appeared to change their tune from pretending to want to improve the world to simply benefiting themselves.

World leaders, including President Donald Trump, gathered for the WEF on Wednesday, which claims that it is “committed to improving the state of the world.” However, The New York Times’ newsletter, “The World,” pointed out on Thursday that elites and CEOs are abandoning this approach to benefit themselves financially.

“All the former buzzwords — social justice, sustainability — have gone.”

It appeared to many that Larry Fink of BlackRock, who is the co-chair of the WEF, was more interested in making this a business conference. “‘Committed to improving the state of the world’ has mostly disappeared from view,” the Times said.

Fink was a strong advocate for green energy and has pushed for environmental, social and corporate governance (ESG). In 2023, he announced that he would ditch the term, “ESG,” because of its political connotations.

The CEOs of Visa, JPMorgan Chase, Amazon, Cisco and other large companies were present for the gathering of world leaders, according to PBS News.

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The event was the first to be held without Klaus Schwab, the founder of the WEF. He resigned as chairman in April 2025 after The Wall Street Journal reported allegations of sexual harassment, discrimination against a pregnant employee, age-based firings and research manipulation.

The WEF previously used buzzwords such as “social justice” and “sustainability,” though they backed away from using these terms at this year’s gathering.

Several attendees attended lavish dinners and parties instead of conducting business or diplomacy meetings. Companies such as Palantir and Meta hosted  invite-only dinners, receptions and cocktail hours and outspent traditional corporate participants.

Borge Brende, the president and CEO of the WEF, said that the event is not “about responding to current events,” but rather creating “the right conditions that enable us to move forward.” Trump also told the business executives at the event that he has made them much richer, PBS News reported.

“I don’t even ask anybody how you’re doing now,” Trump said. “It’s like everybody is making so much money.”

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

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