"The partying crept in," 70-year old executive chairman Klaus Schwab said in a truly stunning article on Bloomberg.com. "We let it get out of control, and attention was taken away from the speed and complexity of how the world's challenges built up."
From that article:
WEF Chief Operating Officer Kevin Steinberg says the vast
sums of money that rolled in from Wall Street celebrities for
marquee billing in Davos contributed to complacency among forum
organizers and often obliged them to publicly massage the
viewpoints, wishes and status of their superstar guests. ...
Steinberg says the most-discussed housing issue among some
delegates centered on Davos' Belvedere Hotel, where corporate
chieftains and their deputies were "more interested in entering
into bidding wars to secure the biggest party room than they were
in attending sessions held there.''
"We catered to what the financial leaders wanted: solo
speaking slots, luxury hotels and VIP treatment ...'" Steinberg, 38, says. "We gave them a
soapbox. It was all political. We try to minimize the politics,
Other American politicians facing troubling budget shortages -- show us one who isn't -- nixed their Davos plans; New York Gov. David Paterson cited "deficit reduction" as a rationale to stay in Albany ("Deficit reduction," incidentally, aptly describes Andrew Cuomo's progress in gubernatorial polls for the 2010 race). Besides, there'll be no hobnobbing with Bono this year -- U2 is plugging an album.
Helping the supes hammer out an equitable budget may not look as good on a Newsom for Governor poster as Gavin and his stunning wife standing next to a TGV train at Gare de l'Est -- and it sure as hell ain't as fun. But, if he seriously has anything to offer the people of this city and state, it's a no-brainer.
Voters will not back the man who fiddled around while San Francisco burned.