Former Davos Executive Slams Meeting's Leftist Bent

In his new memoir, "Davos, Aspen, and Yale: My Life behind the Elite Curtain as a Global Sherpa" , Ted Malloch, to wonderful comic effect, skewers the world’s richest and most powerful and several of their most celebrated institutions. The book is a rollicking journey through one power-center after another where Malloch’s splendid career as an economist, diplomat, scholar, and organizational impresario took him.

Malloch’s treatment of the World Economic Forum at Davos, on whose executive board he served, is withering. In Malloch’s view, the world’s economic titans are all-too-eager to outspend each other to be part of an organization that despises their interests.

As Davos 2016 begins, I asked Malloch to summarize the meeting’s appeal and what he calls its “globalism.”

“Davos today is a ‘celebrification’ of power if ever there was one,” Malloch said. “An orgy of power. But underneath lies a thin veil of anti-Americanism, a New Age philosophy, and a cult of personality. Capitalism is neglected both morally and financially in these elite circles. They believe in state power and seek a one-world leftist solution.”

Some within the American business community seem enamored of China’s economy, which, like Davos, embraces an ideology of state-control while depending on capitalists for its economic dynamism. I wondered whether the contradiction in such a system would eventually cause even more serious problems than the present slowdown in China.

“The problems in China are real,” he said.

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