So how’s it going as attendees at the World Economic Forum discuss ways to ease populist fury by making globalization more lucrative for the masses?
Many panel discussions are focused on finding the best way to “reform capitalism,” make globalization work and revive the middle class.
But “what is striking is what generally is not discussed: bolstering the power of workers to bargain for better wages and redistributing wealth from the top to the bottom," says New York Times reporter Peter Goodman in a news analysis.
“We need to make the choices to ensure that globalization is sustainable, that connectivity is sustainable, that we deal with the intractable problems that are worrying people,” said Ian Goldin, a professor of globalization and development at Oxford University, in a prelude to a conversation that was supposed to be about how to pull that off.
"The answers from the corporate executives who comprised a panel could be crudely boiled down to this: The people who have not benefited from globalization need to try harder to emulate those who have succeeded,” says the Times.