The place where cronyism can flourish was exposed in the World Economic Forum

World Economic Forum in Davos exposed as place where 'cronyism can flourish' What started in 1971 as an effort to get Europeans to learn from America’s business expertise has morphed into an unaccountable monster that looks more and more like a club for global elites.

Davos: why stakeholder capitalism is under attack. The world's biggest economic event in Davos will take place in Switzerland next week. The event will be hosted by the World Economic Forum in Switzerland, Switzerland, and the United States. It will be the first time Davos has hosted a major economic forum in the world.