The World Economic Forum (WEF)’s Managing Director Saadia Zahidi gave an interview Jan. 16 in Davos to CoinDesk, a news site largely concerned with cryptocurrencies. The subject was the WEF’s “Global Risk Assessment” which Zahidi’s staff produced supposedly by calling up 1,200 well-heeled WEF contacts around the world.
The threat of world war, staring the world in the face in the NATO-Russia war in Ukraine, was not mentioned under immediate, short-term or medium-term risks!
And while inflation was listed by Ms. Zahidi as a leading risk, the energy inflation sweeping Europe is welcomed by the WEF. Asked about mitigation for the “risk of climate change,” she said: “One of the things that are happening because of the energy crisis, particularly in Europe, is that governments are moving much faster to put in place the right kind of incentives for the energy transition [to “renewables"] to happen…. It will likely keep energy prices quite high for some time to come. So while those incentives are in place, while those important things are happening, we need to make sure that people have basic support on energy and not have to make, sort of, terrible choices between, you know, ‘heating and eating.’” For Zahidi and the WEF executives, that choice was clearly just ‘in quotes’.”
