My weekly column in the daily Plymouth Herald (20.1.26) raving mad about the billionaire jamboree in Switzerland courting Trump and his cronies. It’s deadly serious, this carve-up of the world and it’s people’s for the wealth and power of a tiny minority. It’s why I want a revolution!

The unedited version here, or enlarge the picture for the original.

Those of us seeking to further the interests of working class people should keep a close eye on what the ruling classes are doing. Once every year, the world’s billionaires and their toady hangers-on meet together, parking record numbers of private jets on the tarmac outside Davos, Switzerland. The World Economic Forum. They’re there now.
Trump is attending, with the largest and richest-ever “Team USA” following-on as the Emperor’s entourage. The great pretender, Nigel Farage is also there, pretending to be part of the elite he derided only last year as a “gathering of the globalists”. He wants to offer his services.
Let’s breathe for a moment. In a world of nearly nine billion human beings, fewer than 60,000 people own and control most wealth in the world. 0.001% of the world’s population control three times as much wealth as the 4,000,000,000 bottom half of humanity.
They’re coming together at the Swiss Alps resort to discuss how to further carve-up the world’s wealth between themselves. Their deliberations have more power and impact on every one of us than all the fluff and nonsense of every parliament. The People’s democracies have very little influence upon the real decisions made inside the corporate boardrooms across the continents.
Fifteen of the world’s richest exploiters are American. Musk has a personal wealth of $682billion (a billion is a thousand million), Bezos only $260BN, nine of the ten richest making their money in the technology business. Clearly we pay far too much for tech.
But they have problems. The world’s economy is in a deep crisis of debt and inequality. The climate crisis is documented, with dire medium-term economic consequences. So the rich aren’t investing in anything that doesn’t make a short-term hefty profit. Most of that private accumulation comes from gambling on projected future prices in an era of catastrophe. The immediate task is to raise prices to us as high as possible whilst cutting the wage and welfare bills to the lowest.
And so the Bosses compete against each other for ownership of lands and workers. The big corporations have real power but this is no world conspiracy – they’re all in competition against each other, undermining all planning and subject to the anarchy of the Capitalist System. When they come together at Davos they smile and shake hands, laughing all the time with a knife ready behind their backs, doing deals and hostile takeovers. They hold their pet politicians in tow ready to change laws to keep their scams legal.
Posturing over regional influence, possession and wealth extraction, such as over Greenland, is happening alongside who can afford the $1BN to sit on Trump’s “Board of Peace” with war criminals Blair and Rubio. Carving-up the Middle East and carving-out the Palestinians, profiteering from genocide, is symbolic of the rabid clawing for power and resources. The certainties of global “rules-based order” has broken down and the Nations attached to the big corporations are preparing for “geoeconomic confrontation”. War!
This week they will headline a “Spirit of Dialogue” whilst bitterly negotiating their competing interests over Venezuela, Gaza, Sudan, Ukraine, Taiwan, Iran and Greenland. Davos replaces the United Nations for a week. They will not let democracy stand in their way.
As a band of warring brothers, a giant corrupt cartel, the Capitalist’s common enemy is us. The Rich fear the potential power of the working class. The Mass Strike and revolution from below is their greatest foe.
The Big Bosses work together to keep us in our place. In this fevered era of instability they are turning away from democracy and towards autocracy, ready to allow military conflict and fascism to prevent revolt and protect their wealth and power.
The billionaires are living in a bubble, and they know it. The absurd scale of $trillions of cryptocurrency investment in Artificial Intelligence cannot be sustained and will crash, hurting a few of them but destroying entire social economies and hundreds of millions of our jobs and lives. Investment in arms manufacture and the military suck tax cash out of social welfare. The rent and mortgage rate increases – the cause of the international housing crisis – is mirroring the investment bubble that led to the global financial crash of 2008 for which we’re all still paying. Enforced austerity is intensifying discontent.
Workers’ real spending-power is lower today than it was in 2008. The spending-power of the average full-time worker is 25% less than in late 2021. Their corruption screwed us for decades. It’s gonna happen again, but worse.
The super-rich know all this. Their champagne-fuelled seminars in Davos may publicly play-down the scale of the global crisis, but in the back rooms the real wheeler-dealers are drawing-up the blueprints for a refreshed Bosses offensive, ever-intensifying the exploitation of the working classes, by force. They will continue the accelerating descent into war and barbarism. The super-rich must be stopped by the collective power of the international working class!