At Davos, Why Is No One Talking About the Poor?

Andrew Ross Sorkin has placed himself on the party beat at Davos: since nothing has happened yet, the main thing to report is that everybody’s Friday-night dance card is looking pretty forlorn. The Google party being canceled we could live with, but the cancellation of the Accel party is bigger news — people really loved that one.

If Davos is getting old, as I speculated on this blog earlier this week, the question is what will take its place? I spent my last day at the World Economic Forum trying to suss that out. The New Yorker‘s John Cassidy, who was not invited to Davos this year, posits that the WEF is a positional good—one whose value is “is mostly a function of its desirability to others.” If so, the naysayers who poopoo the event and wish it would go away “have the power to make it do precisely that – by ignoring it,” muses the FT‘s John McDermott.

If Davos is getting old, as I speculated on this blog earlier this week, the question is what will take its place? I spent my last day at the World Economic Forum trying to suss that out. The New Yorker‘s John Cassidy, who was not invited to Davos this year, posits that the WEF is a positional good—one whose value is “is mostly a function of its desirability to others.” If so, the naysayers who poopoo the event and wish it would go away “have the power to make it do precisely that – by ignoring it,” muses the FT‘s John McDermott.

Noted economist Nouriel Roubini was the No. 1 Tweeter on the "Leader Board" at the World Economic Forum in Davos for quite some time. 

As mentioned, Mitt Romney released his big economic plan last week.  Let me first say that there is a lot in the dictionary-length manifesto that I like, such as his calls for reducing the corporate income tax rate, passing pending FTAs, and enhancing domestic energy production.  However (and you knew that there was a "however"), as I alluded to last Tuesday, one h