The Financial Times reveals that the WEF founder faces accusations of manipulating the organization's analysis to gain favour with governments.

For years, many of us have watched with sadness as an important forum like Davos shifted from being a centre for debate and confrontation of ideas in defence of free enterprise to becoming a loudspeaker for the most interventionist ideas, the most damaging statism, and a whitewasher of authoritarian governments, spreading the destructive ideas of inflationism, socialism, and wokeism— which, in reality, are all the same.

Davos went from being a forum for debate to a congregation for repeating interventionist dogmas and whitewashing a single, extractive mindset; those who defended economic freedom, attractive taxes, and control over public spending were gradually ostracised. We have heard enthusiastic applause for those demanding more taxes and greater assaults on job creators, and one-sided debates in which all participants repeated clichés and words like "resilience" and "sustainability" as Trojan horses for predatory statism, where the idea of creating value and wealth was repudiated.

Do you remember the aberration of "you will own nothing and be happy", abandoning profit generation as a goal, or the suggestion that coffee cultivation should be banned because it contributes to climate change? With phrases like "equal rights to economic resources, as well as access to basic services, ownership and control over land and other forms of property, inheritance, and natural resources", the most absurd and obsolete collectivism was being sold.

It hasn't just happened in Davos. This week, Scott Bessent, the U.S. Treasury Secretary, confronted the International Monetary Fund (IMF) and the World Bank, exposing their complicity in selling the flawed products of socialist interventionism.