Davos Protests Gain Momentum Against Economic Inequality

The World Economic Forum (WEF) in Davos has attracted significant attention as a gathering of the elite, coinciding with protests advocating for economic justice, climate action, and increased taxation on the wealthy. A poll revealed that 63% of millionaires believe the influence of the super-rich poses a threat to global stability, with many advocating for higher taxes on the wealthy. Notably, over 30,000 activists protested across nearly 50 cities, demanding an end to the billionaires' hold on democracy, while calls for economic reforms were echoed by participants like heiress Marlene Engelhorn, who criticized the WEF's exclusivity. The protests were part of a broader campaign organized by Fight Inequality Alliance, which highlights the stark contrast between the wealth of billionaires and the stagnant poverty levels worldwide. Additionally, discussions at the forum included panels aimed at addressing gender inequality, with representatives from U.S. Ski & Snowboard participating to promote women's representation in sports. Activists and signatories of an open letter urged governments to confront the corrosive impact of extreme wealth on society and democracy.