Some of us recall Scott McClellan's snide remark last week that Kerry had to phone in from a 5-star ski resort in Switzerland to start his campaign for a filibuster of the Alito nomination. That was Davos, of course, host to the 2006 Annual Meeting of the World Economic Forum. And where he was, was a bit more than a ski resort. Here were gathered the movers and shakers of the world. The WEF's members are the "one thousand foremost global enterprises," not to mention the array of political figures, if you can imagine the distinction. To give you some idea of the players at this stratified altitude, here is an excerpt from the summary of
one session (one of
130+ "events" conducted during the week):
"A Financial Architecture for the 21st Century
28.01.2006
...
Nouriel Roubini, Professor of Economics, Stern School of Business, New York University, USA, put forward a case for major reform of the International Monetary Fund (IMF). 'The IMF is in something of a funk and its current malaise has been described by some like a rudderless ship adrift in a sea of liquidity.' Roubini summarized several recommendations for reform, including flexibility in exchange rate systems and changes to IMF governance. He called for shifting voting weights in the IMF to increase representation by emerging Asian economies, a reduction of European voting rights, and an extra vote for Africa, giving it a more meaningful function. He suggested the IMF assume a 'different role as a lender of last resort and a referee for exchange rates.' There was consensus among the panellists that the IMF could also boost its surveillance of global imbalances. They concluded that 'evolution, not a revolution is needed.'
"
Rodrigo de Rato y Figaredo, Managing Director, International Monetary Fund (IMF), Washington DC, noted that the IMF's primary objective is surveillance. He opened the floor to a debate on conditionality, which is 'not always popular, but is necessary.' Panellists agreed there should be more conditionality, but did not want a special body set up to oversee it.
"One of the strengths of the IMF is its commitment to transparency, with 80 countries reporting statistics, Rato y Figaredo observed: 'We don't have to view Asian integration and collaboration as antagonistic.' The IMF is well engaged in regionalization.
"Referring to the establishment of the IMF and World Bank following World War II,
Timothy F. Geithner, President of the Federal Reserve Bank of New York, USA, said the basic structure is still viable today. 'Success and failures depend on leadership at the national level. National decisions are more important than the architecture we reflect.' He added that the US supports an evolutionary structure, but is reluctant to give up its veto power in the IMF."
Othe panelists included Mssrs.
Tricket, President, European Central Bank, and
Crockett, President, JP Morgan Chase International.http://www.weforum.org/site/homepublic.nsf/Content/Events+subhomeWhat did they have to say about Iran? "ANALYSIS
For Mahmood Sariolghalam, Professor of International Relations, National University of Iran, Islamic Republic of Iran, Iranian leaders are driven by an historic sense of their country's humiliation by outside powers and by its current isolation. So they feel 'there is an alliance of powers both regionally and internationally to keep Iran weak.'
"'Right now, no one knows if Iran is trying to cross the weapons threshold,' said
Kenneth M. Pollack, Director of Research, Saban Center for Middle East Policy, The Brookings Institution, USA. But some elements of the regime want weapons for defensive purposes, some want them for prestige, and some want them as a tool to achieve foreign policy goals.
"There is no certainty about Tehran's intentions, said
Jack Straw, Secretary of State for Foreign and Commonwealth Affairs of the United Kingdom. 'But it is prudent to believe that they are developing a nuclear weapons capability.' Humiliation in the past, inflicted among others by Britain and the US, and a sense that the West supported Iraq in its war against Iran, are key factors. 'At the emotional level, it is about power.'
"The current situation 'is totally unacceptable.' said
Saxby Chambliss, Senator from Georgia (Republican), USA. Neither the US nor the rest of the world can afford to allow Iran to get nuclear weapons and for these to then 'fall in the hands of the terrorists.'
"PRESCRIPTION
Haas (President, Council on Foreign Relations, USA) set out four possible responses: (1) EU-style diplomacy; (2) deciding not to deal with Tehran and promote regime change – 'the US approach'; (3) a military option; (4) living with the situation, as with North Korea. A diplomatic carrot-and-stick approach is the way ahead, with Europe now wielding the stick in the form of a threat of sanctions and the US offering the carrots...'I don't see that there is enough on the table at the moment.'"
(What? nothing about the Iranian bourse which is supposed 1, to destroy the dollar when it opens in March, or 2, trigger bush's (or Israel's) attack before then? Petroeuros, oh my, oh my:
http://antiwar.com/prather/?articleid=8426 )
So those are two brief glimpses (with an intermission) into what was happening at Davos. You may want to explore further; everybody's favorite geek,
Bill Gates, had his hands in it too, or maybe he just likes to ski. Now consider what is coming out of the UN:
"The most potent threats to life on earth - global warming, health pandemics, poverty and armed conflict - could be ended by moves that would unlock $7 trillion - $7,000,000,000,000 (£3.9trn) - of previously untapped wealth, the United Nations claims today.
The price? An admission that the nation-state is an old-fashioned concept that has no role to play in a modern globalised world where financial markets have to be harnessed rather than simply condemned."
http://news.independent.co.uk/world/politics/article341967.eceGet the picture? Having secured a virtually unrestricted framework of global commerce, the movers and shakers have to work on the geopolitik, which, to the rest of the world, if not to the immediate American sensibility, includes addressing climate change as well, since that threatens the supply of us drones and our Asian and African and Latin American fellow drones, who supply the labor and do the consuming that power the financial engines of the superrich. It is an old story. The rulers exploit us, but they have to calculate to what extent, and they have to optimize the conditions of our thralldom to the extent that these optimize their profits. Now they are viewing us in comprehensive global terms, animals in the planetary barnyard, calories in, calories out. . . And in the short term too, of course, we thralls bear the cost of the transformation.