WEF Elite Ranks ‘Cost of Living Crisis’ as Global Top Risk in Two Years

In the eyes of globalist elites heading to Switzerland for the annual meeting of the World Economic Forum (WEF), the ‘cost of living crisis’ has replaced ‘extreme weather’ as the world’s most pressing and serious problem. It is

On January 11, about a week before members landed in the Swiss ski resort town of Davos, the WEF global risk reporta survey that asked 1,200 “global risk experts, policymakers and industry leaders” to identify the biggest risks the world is likely to face.

This year’s report, like its predecessors, paints a bleak outlook for the world. “His next decade will be marked by environmental and social crises driven by underlying geopolitical and economic trends,” it said.

“We have witnessed a resurgence of ‘old’ risks: inflation, cost of living crises, trade wars, capital outflows from emerging markets, widespread social unrest, geopolitical conflicts and the specter of nuclear war.”

When asked to estimate the severity of the aforementioned global risks, most respondents ranked the ‘cost of living crisis’ as the greatest threat to the world over the next two years.

Meanwhile, “failure to mitigate climate change” is seen as the most serious global risk of the next decade.

By comparison, “extreme weather” topped the short-term (two-year) list of risks. 2022 Global Risk ReportLast year’s respondents also saw ‘failure to respond to the climate crisis’ and ‘inaction on climate change’ as their top medium-term (2-5 years) and long-term (10 years) risks, respectively. .

The WEF conference will take place January 16-20. According to the US Embassy in Switzerland, US delegation The cast includes Special Envoy for Climate John Kerry, Director of National Intelligence Avril Haynes, FBI Director Christopher Wray, and US Trade Representative Catherine Tye.

The theme of the 2023 meeting is “Cooperation in a Fragmented World”.

This year’s Summit will, as always, be presided over by WEF Founder and Executive Chairman Klaus Schwab. Schwab is a promoter of the “Great Reset” that society should not return to his pre-COVID normalcy, but should seize the opportunity to change radically. the way they live and do business.

The WEF drew criticism in 2020. Schwab said He believes the pandemic is a “narrow window of opportunity to reflect, rethink and reset our world.”

According to Schwab, humanity must “build a whole new foundation of economic and social systems” to create a healthier, more sustainable and prosperous world. He attributed this major change to the “changes we have already seen in the response to COVID-19” that have forced people around the world to radically change their lifestyles and abandon what they thought was supposed to be. He argued that a long-overdue reset of scale had become feasible. Essential before a pandemic.

Bill Pang

Bill Pang is a reporter for the Epoch Times.