Project SyndicateProject Syndicate

Davos Man must pay

By Jayati Ghosh

16 Jan 2023 · 3 min read

Editor's Note

In Project Syndicate, economics professor Jayati Ghosh explains why she has joined others in calling for governments to raise taxes on corporations and the ultra-wealthy for the good of society.

NEW DELHI – The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic. But in recent years, the annual gathering of the rich and powerful has become an increasingly wasteful exercise in vanity. What is the point of all those private jets, luxury hotels, and clinking champagne glasses if they lead to nothing more than handwringing about the state of the world and vague promises to address multiple global challenges?

Ahead of this year’s gathering this month, the WEF once again laid out an ambitious agenda. Recognizing that the “world today is at a critical inflection point” and that the “sheer number of ongoing crises calls for bold collective action,” the theme this year is “cooperation in a fragmented world.”

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