World Economic Forum Delayed Until May, Will Take Place In Singapore, Not Davos

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by Tyler Durden
Monday, Dec 07, 2020 - 11:00 AM

Singapore's quest to cement its reputation as the "Switzerland of the East" has just received a huge boost as the World Economic Forum, the international NGO that hosts the eponymous week-long conference in the Swiss ski resort town of Davos. To the financial press and readers alike, the annual event, which has been held every year since the early 70s, has simply become known as "Davos".

In more recent times, the annual extravaganza of panels, events, private parties, etc. has become synonymous with the global monied elite. Every year, the forum attracts not just business leaders and financiers, but academics, politicians, the press - commingling in an orgiastic freak-show of glad-handing and excess.

Every year, big shots from around the world fly to the Swiss mountain villa in droves, their private jets landing and departing by the thousands, as they gather to discuss pressing international problems like 'environmental sustainability', creating a picture of hypocrisy.

Those same jets will need to travel a little further, to Singapore this year.

Last year's forum went off without a hitch, since Davos is the first major event on the calendar in the new year, typically falling in the latter half of January. But this year, organizers have deemed it prudent to delay the event until May, since most of the westerners who typically constitute the vast majority of the audience should already have been vaccinated by least, so they might hope.

Of course, since May isn't exactly ideal ski weather, it's understandable that the forum will need to  move this year. And the choice of Singapore, which successfully suppressed several outbreaks rooted in the city-state's community of migrant workers, makes sense.

However, Dr. Fauci and others have warned that these projections aren't prophecies, and given all the complications that have emerged already, it seems presumptuous to schedule this type of an event for May when they could just host an all-virtual series of panels, like pretty much everybody else has done this year.

Do the world's elite know something about the vaccine timeline that we don't? Or are they perhaps putting the vaccine-loaded cart before the horse?