Toby Howell

Let's take a quick break, though, and come back with some fun facts about Davos right after this.

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Let's ride in Davos.

Yeah, there was this book that came out in 2022 called Davos Man, which basically goes in on the attendees of Davos and how they are emblematic of all the inequality that they are saying that they are fixing in the world.

A lot of people say it is billionaires telling billionaires

what the middle class should do.

So there's always a little bit of irony wrapped up in the fact that these people are descending on a European village in their private jets to talk about climate change.

That's where a lot of some of the pushback comes from.

If you are just a normal person thinking about Davos is why should these people tell me how to live my life?

They don't know what's going on in my life.

They're very far removed from it.

And then the conference itself actually makes bank.

It generates $500 million annually, which is the revenue stream is heavily funded by corporate partners.

So it's banks, it's consultant firms, it's tech firms.

These are the companies that are paying for space within Davos and kind of making the entire conference run.

And so even though the board says that their mission remains unchanged, that they want to facilitate global cooperation, you look at

kind of who's signing the checks.

It is a lot of the corporations that are present there making the rules for the economy at large.