Dr Iqbal Surve’s preview of the 2026 Davos meeting of the World Economic Forum (WEF) reflects a degree of caution and pragmatism in light of what he calls “the convergence of threats” (Business Report, January 19).
Ironically, much of what threatens Europe, in particular, is a result of WEF policies.
For Europe, the phrase “sustainable future,” to which the WEF aspires, has become a nightmare.
As a result of ESG (Environmental Social Governance), Europe has stopped being the continent from which the world bought. Now it is the continent that buys what the rest of the world produces, having embraced de-industrialisation in pursuit of green energy.
Steel production is down 30%. European know-how and factories have moved to China, India, Mexico and Vietnam, where there is cheap energy, less bureaucracy…