Every year, the Elites of the political, economic, and cultural worlds gather in Davos, Switzerland to talk about global ‘stuff’ – what’s trending, what’s wrong, and their global ways of fixing them what they believe is wrong – for the betterment of us all. Hate to keep sounding like a broken record but even with the caveat that I will never be as successful as they have been, sometimes things to have to be pointed out. Here’s what Davos founder Klaus Schwab said:
“We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations,” said Klaus Schwab, host and founder of the annual World Economic Forum.
“Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.
“We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual,” the 73-year-old said, adding that “capitalism in its current form, has no place in the world around us.”
I am oft criticized by those that don’t like that I keep things black and white; I rather think that I’m bringing things down to basic principles. In this case, it’s necessary.
Let’s pull it apart (and who’s this “we” bit, kimosabe?):
What was once a mainstay of the home entertainment zeitgeist is about to be altered, perhaps forever. Blockbuster has announced that it may have to file for chapter 11 bankruptcy protection. Apparently the once mighty rental giant does not fall into the too big to fail category nor does it qualify for some kind of TARP-like bailout. Of course Blockbuster backing down on a buyout of Circuit City retail stores saw the end of that national chain, so it almost seems appropriate that the management of a company that would even consider buying Circuit City might face a similar fate.