Davos

This is an excellent article by David Ignatius of The Washington Post on the World Economic Forum held at Davos every year. He talks about how business is now the biggest driver of social change. It is one of the processes that works the best. He wishes that other systems worked as well. According to me, the business sector does a fine job of identifying incentives and getting them. They are probably more efficient than other sectors which is why they have become such a driving force. At some point, we will see business stepping in to provide what the government does not (though it is supposed to). Mind you, business will not do it for pure charity but for incentives. It will be like health insurance provided to employees. Technology will make it viable and that much faster. The unfortunate part is that all of us will not benefit immediately. The small section of people who ride the crest of globalization because of their education, exposure and culture will be the first. It will eventually become mass based but that will be over a period of time. Yes, my capitalist views are intact. I still firmly believe in a free market meritocracy and incentive based system.