Klaus Schwab Photographer: Simon Dawson/Bloomberg
Bloomberg: Davos Boss Warns Refugee Crisis Could Be Precursor to Something Much Bigger
* Growing economic woe could set millions on the road to Europe
* We must “restablish a sense that we all are in the same boat”
As the crash in commodities prices spreads economic woe across the developing world, Europe could face a wave of migration that will eclipse today’s refugee crisis, says Klaus Schwab, executive chairman of the World Economic Forum.
“Look how many countries in Africa, for example, depend on the income from oil exports,” Schwab said in an interview ahead of the WEF’s 46th annual meeting, in the Swiss resort of Davos. “Now imagine 1 billion inhabitants, imagine they all move north.”
Whereas much of the discussion about commodities has focused on the economic and market impact, Schwab said he’s concerned that it will also spur “a substantial social breakdown.”
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WNU Editor: It is refreshing to hear someone like Klaus Schwab say the same thing that this blog has been saying for the past year .... deteriorating economic conditions have resulted in the biggest migration of people since the Second World War, and this human cost is only increasing exponentially. An increase that .... as I have said more than once .... we in the West are completely unprepared for.
1 comment:
The Law of the Sea should be lifeboats should have to pick up anyone who is in the water.
Archimedes principle does not mean squat!
A nation's economic law should be that they take everyone in need and provide them with everything.
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