Guilt Trip. . .

(Guilt Trip. . .)

It would appear that the Davos Syndrome is not necessarily confined to Davos. The same crew made the G-20 Summit as well and what is discussed in Switzerland can be discussed in Indonesia. It is the same collection of global elites who have taken it upon themselves to be arbiters of policy, especially where climate is concerned. While the true effects of climate alterations are more nuanced than the fanatical hysteria that is a symptom of Davos, in any event, and in concert with the initiatives from the United Nations, poorer countries will now be eligible for so-called "climate reparations."

So, because of the collective guilt of the West, dealing with an emergency that is largely in their own minds, these less developed nations, who are in a sense getting free money, would not be ones to complain. All those Pacific islands whose foundering would make Atlantis look like a quick dip, is imminent. The theory seems to be that as glaciers melt, sea levels rise and everybody goes swimmy.

Fear not. Salvation is at hand and the Men (and women) of Davos rise as deliverers. That and other Saturday morning serials. This in combination with the $20 billion promise that the President delivered to Jakarta to help in its transition from coal. Indonesia has a lot is islands that might get submerged if climate catastrophe begins to manifest itself. In any event, funding these reparations and Indonesia's transition off coal could prove problematic. The priorities of Davos, the U.N. and President Biden will not be shared in the new Republican House. As it is the Lower Chamber that controls spending, and if the new GOP Majority wants to control spending, it could start by not funding the Bali initiatives.

But the Davos guilt will remain but now, the group will have less an ability to act on it. What is going to happen at the next World Economic Summit for next year ? When people go to do something other than skiing ? The ability to monopolize the discussion has ended and there is also the realization that there are more non-elites than there are the former and no longer is there universal agreement on to proceed. Proceeding with exactly what remains to be seen.