World Economic Forum Faces Growing Criticism Over Lack of Transparency and Accountability
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The World Economic Forum (WEF) founded by Klaus Schwab is an exclusive, invitation-only annual meeting of business and government leaders that some view as a place where "cronyism can flourish".
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Critics argue WEF is an unaccountable organization that serves the interests of the rich and powerful, not society as a whole. Its invite-only policy contrasts with its stated goal of accountability "to all parts of society".
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WEF has grown in scale and popularity over the decades, morphing from a European business forum in 1971 to a global organization attracting the "rich and famous".
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The Covid pandemic and promotion of "The Great Reset" concept made WEF more controversial, as the rich got richer and poor got poorer contrary to promises of a more equitable future.
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Despite its poor public image and reputation as a gathering of elites, WEF doesn't appear concerned about improving transparency or public accountability.