the Main theme of the world economic forum (WEF) in Davos will be the formation of capitalism for all stakeholders (stakeholder capitalism); it is necessary to find answers to the most difficult challenges in the world today – from the divisions in society caused by property inequality and political divisions, to the climate crisis. This was stated on Tuesday, the organizers of the forum.
“What kind of capitalism do we need? Maybe this is a defining issue of our time. And we need to answer it correctly if we want to preserve our economic system for future generations,” wrote founder and Executive Chairman of WEF, Klaus Schwab, in an article published in the “Gazette” at the end of 2019 “Today, a business must fully accept capitalism for all stakeholders; it must not only think about maximizing profits, but also to use their abilities and resources, in cooperation with governments and civil society to address the major issues of this decade. It needs to actively contribute to the creation of more holistic and sustainable world,” said Schwab on Tuesday.
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