Commentary:
World Economic Forum - For Whose Interests?
A Critical Analysis Prof. Thota Jyoti Rani
The Annual Conference of
World Economic Forum have been
organised as a spectacular event
during 23rd to 26th January 2018
in Davos, Switzerland amidst the
glittering presence of powerful
forces that dominant, dictate and
control the entire world- the
leaders of Giant corporates,
presidents of various National
Governments, Prime Ministers,
Ministers of State Governments
and the entire brokerage system
which seriously and sincerely
works for the advantage of this
dominant class at the cost of
people in general. The forum could
successfully, suppress the
protest voices of democratic and
progressive forces that rose
against
the conference
of
Forum. Further it gave a
distorted projection as if there is no
opposition to it.
Who will participate in
this Conference?
The powerful Business
Leaders of the globe, whose
sole aim is to direct and control the
movement of world Economy for
their own advantage so as to
strengthen
their
wealth,
domination, power and authority-
1500 representatives of World top
most - 1000 Multinational Corpo-
rations, Heads of various National
Governments like Presidents/
Prime Ministers/ Cabinet Ministers/
senior officials of information
Technology organisations, High
level officers, Ambassador,
Representative of civil society
organisations including Non-
Governmental Organisations,
Media leaders, Religious leaders,
and also intellectuals from
Academic Institution, who work in
the ideological framework of World
8
Economic Forum, thus totally 2500
participants from more than 100
countries have attend the
conference. This forum seriously
functions with the aim of moulding
the global economy for their
interests.
The person who desires to
participate in the conference
should pay heavy fee for mere
annual membership.
Annual membership Fee in 2011:
1.Individual member - $ 52,000
2.Industrial partner - $ 2,63,000
3.Strategic partner - $ 5,27,000
Further each member should
pay an entry fee to the tune of
$19,000. In addition the World
Economic Forum has increased the
Annual membership fee to the
extent of 20%. With this for
example, to eligible for Strategic
Partner, Fee increased from $
5,23,000 to $ 6,28,000. The
amount of Annual Membership fee
for an individual member is more
than the lifetime income of a poor
household in India. The Global
dominant class is ready to pay the
heavy fee to attend the so called
Non-Profit Organisation - World
Economic Forum-clearly indicates
the extent of benefits that they
derive from this Forum. Anybody
can understand the logic easily.
Who started this forum? What
is the purpose?
The competitive struggle
among
global imperialist/
monopoly forces for global
dominance has resulted in the
emergence of World Economic
Forum. Its basic aim is to determine
the nature and kind of distribution
of world market among dominant
forces. US could establish its
domination on global commerce
buy 1970’s. This has seriously
disturbed European Business
Leaders. Therefore they started
thinking about how to reclaim
their Legacy of Global Busi-
ness dominance. This resulted in
the emergence of European
Management Forum in 1971, with.
Head quarters in Geneva,
Switzerland.
In fact the decade 1970’s- is
very significant for the global
economy as well as for the
emerging economies where India
is part of it. It is really astonishing
to note that the Karl Marx in his Das
Kapital could
predict more
scientifically about the future
problems of capitalist mode as
early as in 150 years back. The
capitalist mode in its stage of
monopoly capitalism restrained to
profitability crisis. This prediction
has been proved third time during
1970’s.
The first profitability crisis
emerged during 1873-96, when
Karl Marx alive and still writing the
Das Kapital. The second one which
is popularly described in the
subject of Economies as ‘Great
Depression’ has occurred during
1929-39 due to acute deficiency of
effective demand. The third crisis
which is called as Stagflation’
occurred during 1973-80. It is the
combination of stagnation
+inflation. Wherever capitalist
mode caught in profitability crisis,
it
seriously
struggles to
restructure itself so as to create
favorable conditions to continue
exploitation without any obstacles
to free itself from the crisis. In this
process European Management
Forum came into existence, with
the aim of attacking Global
crisis strongly and has been taken
the form of World Economic Forum
Class Struggle