Capitalism is Failing – World Economic Forum Founder

Attention Occupy protesters! You have a new, albeit unlikely, devotee: Founder and Chairman of the Davos World Economic Forum, Professor Klaus Schwab.

Yesterday, in front of some of the world’s wealthiest and most influential people, Schwab declared that “Capitalism, in its current form, no longer fits the world around us.”

“We have failed to learn the lessons from the financial crisis of 2009,” he goes on. “A global transformation is urgently needed and it must start with reinstating a global sense of social responsibility. The time has come to embrace a much more holistic, inclusive and qualitative approach to economic development.”

Failing to change, remarked the professor, could risk sinking the world into “dystopia”, dragged into the abyss by a “morality gap” of inequity that has “undermined social coherence”.

Wow! This dramatic shift in the narrative is a huge testament to the effectiveness of the people’s uprisings taking place around the world. Finally, issues like income inequality, social disparity, and the impact they play in global security, are taking the forefront of the debate.

There can be no peace as long as people are starving. Now, with the cards on the table, the pressing problem of poverty on our planet can be addressed by those with the most power to do so.

As for the rest of us, we just have to keep making as much noise as we can, so that our leaders have no choice but to create the more just global civilization we all desire.

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