AP Interview: Davos Forum founder says capitalism is out of balance, warns conflicts await – The Washington Post

24 Jan

DAVOS, Switzerland — Capitalism is out of whack, the founder of the World Economic Forum says, welcoming critics’ ideas of how to fix it — even those camped out in protest igloos near his invitation-only gathering of global VIPs.

This anti-big money mood is surprising territory for a man who embraces free markets and whose livelihood consists of bringing world CEOs and political leaders together for elite brainstorming sessions.

Klaus Schwab is also unusually downbeat, his trademark optimism tempered by global economic turmoil and public unrest ahead of this year’s forum.

“We have unfinished business and we have to act fast,” he told The Associated Press in an interview Tuesday ahead of the forum’s Wednesday opening.

via AP Interview: Davos Forum founder says capitalism is out of balance, warns conflicts await – The Washington Post.

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