Over at 3eintelligence a report from the World Economic Forum is summarised, giving the gloomy predictions for 2008;
*system-wide financial crisis
*supply chain disruptions
*climate and energy chaos
Food security has become the new emerging risk of the 21st century. High food prices are driven by population growth, energy security policies (biofuels) and climate change.
The report says,”As the global economy has become more integrated, vulnerability to disruption of the supply chains which hold the global economy together may have increased.”
The report also points to the challenges of climate change and energy security and questions whether the world can move to secure and sustainable energy. The WEF experts also warn that the financial instability in 2008 could lead to governments and businesses neglecting the climate change and food insecurity threats.
The WEF Annual meeting 2008 will be held at Davos, Switzerland as usual, 23-27 January.
Of course the gloom helps the WEF to seal return bookings to their annual bash and keep them in the limelight. It also helps the global corporations excuse themselves for staying on the usual course of exploiting cheap labour from mass migration from desperately poor countries. Oh then there’s the oil, guns and drugs to profit from disease, conflict and the never ending desire to exploit the environment.
hell Davos freeze over.