This Giving Tuesday, Investor Dr. Rush is matching your donations to Marketplace - can we count on your support? Count Me In! ✔

The true biography of ‘Davos Man’

Stan Alcorn Jan 21, 2015
HTML EMBED:
COPY

The true biography of ‘Davos Man’

Stan Alcorn Jan 21, 2015
HTML EMBED:
COPY

The origins of “Davos Man” are murky.  

As a name, it’s often an epithet, spoken with venom. It refers both to the individual human beings who attend the World Economic Forum each year at a ski resort in Davos, Switzerland, and the global, capitalist power structure they are taken to represent.

Its first use is often credited to “The Clash of Civilizations” by Samuel Huntington, but the words “Davos Man” never appear in the book. The earliest reference I could find was a 1997 editorial in The Economist, “In Praise of Davos Man,” that ostensibly reviews Huntington’s book. It seeks not to bury, but to praise and defend “Davos Man” as a paragon of a global capitalism that could transcend culture and bring people of the world together. Here is the ending:  

Although 40 or so heads of state will troop to Davos this weekend, the event is paid for by companies, and run in their interests. They do not go to butter up the politicians; it is the other way around (see previous leader). Davos Man, finding it boring to shake the hand of an obscure prime minister, prefers to meet Microsoft’s Bill Gates.

All this should cheer up Mr Huntington, not cast him down. Some people find Davos Man hard to take: there is something uncultured about all the money-grubbing and managerialism. But it is part of the beauty of Davos Man that, by and large, he does not give a fig for culture as the Huntingtons of the world define it. He will attend a piano recital, but does not mind whether an idea, a technique or a market is (in Mr Huntington’s complex scheme) Sinic, Hindu, Islamic or Orthodox. If an idea works or a market arises, he will grab it. Like it or loathe it, that is an approach more likely to bring peoples together than to force them apart.

Matthew Bishop, an editor at the Economist who was in the meeting that debated this editorial in 1997, says elements of the argument are still valid.

But Seyla Benhabib, professor of political science and philosophy at Yale University, says the forces that Davos Man represents have also pulled people apart, exacerbating global inequality.

Felix Salmon, a senior editor at Fusion cable channel, says Davos Man hasn’t changed since Salmon started attending. “Rich people don’t change that much, I don’t think,” he says.

 


CORRECTION: An earlier version of this story stated that the 1997 editorial in The Economist was called “In Defense of Davos Man.” The actual title is “In Praise of Davos Man.” The text has been corrected.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.