This from the annual confab of global redistributionists and social justice types (think U.N. glee squad on Winter break):
Economic and political elites meeting this week at the Swiss resort of Davos will be asked to urgently find ways to reform a capitalist system that has been described as "outdated and crumbling."
"We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations," said Klaus Schwab, host and founder of the annual World Economic Forum.
"Solving problems in the context of outdated and crumbling models will only dig us deeper into the hole.
"We are in an era of profound change that urgently requires new ways of thinking instead of more business-as-usual," the 73-year-old said, adding that "capitalism in its current form, has no place in the world around us."
Without us seeming impolite or untoward, allow us to make some slight course and speed corrections to the terminology employed by the gracious host Mr. Schwab: We think what he really meant was that there is no longer a place in the world for the heavily bureaucratized, centralized and cronyist social democracy model that is saddled with unsustainable entitlement obligations which is outdated, crumbling and morally corrupt.
However hopeful we may be and contrary to the evidence before them, why do we get the sneaking suspicion that whenever these well-meaning chin-strokers all get together, simply "business as usual" is all that is on the menu?