MONEYWEB
app instead?
A reprieve for the worldâs thought followers (that would be us)
Davos delayed â plus a look at trust among citizens and between China and the US, with a word or two about M&R and WBHO as well as Cartrack, Truworths, RCL and Remgro. 00:01
Open:
Open:
Open:
Open:
Open:
We wonât know what the latest mega-trend is until later in the year now that the 2021 gathering of global thought leaders in Davos has been postponed. Image: Simon Dawson, Bloomberg
One and probably the only upside to Covid is not having to endure the preening of the worldâs top political, academic and business leaders on the World Economic Forum (WEF) stage in Davos.
President-elect Joe Biden’s call to “build back better” after the pandemic is an invitation to renovate America’s outdated neoliberal version of capitalism. The more successful variants of market capitalism found in Europe or, better, in California, point the way forward.
CEOs have a huge role to play this year as business (61%) emerge as the most trusted institution, replacing government (53%), which fell substantially since its 11-point surge in our mid-year update last May.
Businesses are the only institutions deemed ethical and competent and outscored government by 48 points on competency. Businesses are also approaching NGOs in ethics as over the last five months, business seized the high ground of trust by proactively developing vaccines in record time and finding new ways to work. Trust continues to move local, with respondents placing even higher reliance on ‘my employer’ at 76%, and ‘my employer CEO’ at 63%.