Follow us:

Jon Talton

Analysis and commentary on economic news, trends and issues, with an emphasis on Seattle and the Northwest.

January 24, 2014 at 10:32 AM

Vote: If you were attending Davos…

Have the butler pack your bags, check your offshore tax haven and head to the private jet for a trip to Davos, where a light breakfast costs a piddling $100. You may not be among the elite at the World Economic Forum, but you can attend virtually thanks to ubiquitous videos and tweets. (Here’s “Dr. Doom” predicting that technology will massively replace white-collar jobs).

What are these billionaires worried about? Felix Salmon of Reuters recently wrote that George Soros has laid out “the plutocrats darkest fears.” It pivots off a Newsweek interview that includes:

“At times like these, survival is the most important thing,” he says, peering through his owlish glasses and brushing wisps of gray hair off his forehead. He doesn’t just mean it’s time to protect your assets. He means it’s time to stave off disaster. As he sees it, the world faces one of the most dangerous periods of modern history—a period of “evil.” Europe is confronting a descent into chaos and conflict. In America he predicts riots on the streets that will lead to a brutal clampdown that will dramatically curtail civil liberties. The global economic system could even collapse altogether.

Happy Friday.

Now it’s your turn. What should these powerful oligarchs worry about most?

This Week’s Links:

‘Social mobility hasn’t fallen’: What this study means and doesn’t mean | The New Yorker

The NFL’s $1 billion headache isn’t going away | Fiscal Times

Why George Lucas, Eric Schmidt (and yes, Steve Jobs) should go to jail: Conspiring to reduce the wages of 100,000 tech pros | Naked Capitalism

The myth of maximizing shareholder value | Naked Capitalism

For all its problems, Microsoft is still a huge success | Slate

Dimon pay raise mocks accountability | Marketwatch

How bad was it? The costs and consequences of the financial crisis | The Big Picture

Industry awakens to threat of climate change | NY Times

Criticism grows over investor protections in trans-Atlantic trade deal | Spiegel

Today’s Econ Haiku:

Billions cost, laws breached

And he gets a handsome raise

Dimon’s forever

0 Comments | More in Global economy | Topics: Davos, World Economic Forum

COMMENTS

READER NOTE: Our commenting system has changed. Find out more.

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►