The confab's theme was "The Reshaping of the World: Consequences for Society, Politics and Business." Participants came to Davos-Klosters from the four corners of the globe because:
Profound political, economic, social and, above all, technological
forces are transforming our lives, communities and institutions.
Rapidly crossing geographic, gender and generational boundaries,
they are shifting power from traditional hierarchies to networked
heterarchies. Yet the international community remains focused on
crisis rather than strategically driven in the face of the trends,
drivers and opportunities pushing global, regional and industry
For days on end, the MSM pundits filed reports in which they detailed all of the doom, gloom, and despair that is to ensue if governments across the globe do nothing to address all of the problems.
The enemy? All of those "traditional hierarchies" and "networked heterarchies."
All of this doom, gloom, and despair--fearmongering it's rightly called--reminds The Motley Monk of Dorothy in the "Wizard of Oz" crying out, "Lions, and tigers, and bears! Oh, my!"
What the MSM pundits are not reporting is the other side of the story, namely, the improvements that have been made across the globe, including among others:
- The number of extremely poor people. It has been cut 50% in the past 30 years. In 2010, that number was only 17% of the global population in 2010. Compare that to 42% of the population in 1981. In 1820, economists estimate that the rate of extreme poverty was 80% of all people. The rate has never been lower.
- Global illiteracy. In 1900, the rate was 70% of all people. In 2010, the rate was 20%. Economists estimate the economic cost of illiteracy in 1900 was 12% of world gross domestic product (GDP). In 2010, it was 7% of world GDP. Not perfect, but certainly not as bad as it was.
The Director of the Copenhagen Consensus Center, Bjørn Lomborg, claims that journalists are biased in favor of reporting only the bad news and are burying the good news.
A free press is essential to a flourishing democracy. If Lomborg's analysis is accurate (and there's no reason to believe it's not), when the MSM focuses solely upon the bad news, those pundits are not fulfilling their all-important role in informing people. Instead, they are is promoting a one-sided point of view--an ideology--that does a disservice across the globe by misinforming the people.
Now, why ever would the MSM want to do that with the news out of Davos-Klosters?
Let the discussion begin...
To read Bjørn Lomborg's analysis, click on the following link:
"The Realism of Global Optimism."