There was a time, really not that long ago, when Davos concerned itself mostly with feel-good sessions on sustainability, inclusive growth, the promise of net zero and various other progressive causes.

Who can forget Bono chatting away on stage with Rwanda’s president on the importance of transparency and good governance? Or 2020’s inspiring theme of Stakeholders for a Cohesive and Sustainable World?

As pointless as all that was, the agenda at least provided safe and reassuring territory for the modern CEO, central banker or finance minister. How times change. This year, the global elite will jet into the Swiss resort amid a geopolitical........

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