"Davos Man is trembling. The cosmopolitan superclass is scrambling for ways to share a little of its income stream – as a prudent insurance policy – before the bottom half of western democracy takes matters into its own hands.
The new doctrine is enshrined in the Davos Manifesto, the digital billionaires’ answer to the Communist Manifesto of 1848. The cardinal code is ‘stakeholder capitalism’, otherwise known as looking after your workers, and agreeing not to trash society, or the local water system, or the planet."
Covid may be the catalyst that finally shakes the elites into addressing society's gaping inequalities before anger reaches breaking point, according to Ambrose Evans-Pritchard in today's Telegraph.
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