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Martin Gilbert: Davos euphoria makes me nervous

Euphoria breeds complacency, especially when markets are riding high and economic projections keep getting revised up

Martin Gilbert: Davos euphoria makes me nervous
Photo: Getty Images

Another year, another World Economic Forum passes. As the delegates start to thaw out, it’s a good time to reflect.

Firstly, there was a clear awareness of the irony of the world’s so-called elite meeting up to talk about how unequal many societies are becoming. It’s easy to dismiss the event as hypocrisy. That the event – up a mountain, in Switzerland, in the depths of winter — is a symbol for how remote (literally) and far removed the great and good are from wider society.

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