DAVOS, Switzerland: Some 300 people including two millionaires protested in Davos Sunday ahead of next week’s gathering of the global elite at the World Economic Forum (WEF) in the Swiss Alps.
Demonstrators carried placards with slogans such as “Tax the rich,” “Shut up! Pay taxes” and “Smash colonial capitalism,” blocking the road to the glitzy mountain resort.
Police moved in after the demonstrators ignored two calls for them to leave, a spokeswoman for the Graubunden cantonal police told the Keystone-ATS news agency.
With the blockade causing a major traffic jam, the authorities deployed a specialized vehicle to clear the highway ahead of the WEF’s Monday start.
Among those attending the protest was Austrian-German heiress Marlene Engelhorn, who gave away the bulk of her multi-million-euro inheritance to dozens of organizations working on social issues.
“The WEF symbolizes how much power wealthy people like me hold,” she told AFPTV.
“Because just because we are born millionaires, or because we got lucky once — and call that self-made — we now get to influence politicians worldwide with our political preferences,” she added.
“It’s a huge lobbyism effort. It’s a huge lack of transparency that we witness here, no accountability... I just think we need accountability, we need transparency, we need democracy to be in place here.”
Engelhorn also denounced the pollution being caused by private jets flying in for the summit.
Also at Sunday’s protest was Britain’s Phil White, part of a group called Patriotic Millionaires.
Many observers have expressed concern about the so-called “broligarchy” surrounding US President-elect Donald Trump, which includes billionaire Elon Musk.
Founded in 1971, the WEF offers a yearly opportunity for hundreds of business executives, politicians and other leading figures to mingle in the ski resort-turned-conference center over the course of a week.
More than 60 heads of state and government will be among those attending this year, according to the WEF.
Top of their minds will be Trump’s imminent return to the White House.
Trump is due to address the forum by videolink on January 23, according to the organizers, just three days after his inauguration Monday for a second term in office.
Swiss police clear hundreds of anti-Davos protesters
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Swiss police clear hundreds of anti-Davos protesters
- Many observers have expressed concern about the so-called “broligarchy” surrounding US President-elect Donald Trump, which includes billionaire Elon Musk
UK wants closer EU defense ties with potential bid to join new SAFE fund
- European Union Trade Commissioner Maros Sefcovic and other EU officials are due in London for talks this week
- Starmer has tried to work more closely with the EU and remove some post-Brexit trade barriers
BEIJING: British Prime Minister Keir Starmer said his government will consider applying to join a second possible multi-billion-euro European Union fund for defense projects as his ministers prepare for talks with EU counterparts this week.
The European Commission is considering launching a second edition of its SAFE loans scheme as Europe seeks to bolster its defenses due to growing fears of Russia and doubts about US security commitments to Europe under President Donald Trump.
A British plan to join the original 150 billion-euro ($177 billion) SAFE fund broke down in November after Starmer’s government refused to pay a financial contribution to join, representing a setback for a post-Brexit reset of relations.
Asked if Britain would seek to join a new version of SAFE, Starmer said Europe needed to do more to rearm.
“That should require us to look at schemes like SAFE and others to see whether there is a way in which we can work more closely together,” he told reporters on his way to China last week. The comments were scheduled for release on Sunday.
“Whether it’s SAFE or other initiatives, it makes good sense for Europe in the widest sense of the word — which is the EU plus other European countries — to work more closely together.”
European Union Trade Commissioner Maros Sefcovic and other EU officials are due in London for talks this week.
Starmer has tried to work more closely with the EU and remove some post-Brexit trade barriers in contrast to the rancorous relations between previous Conservative governments and the EU as they negotiated Britain’s departure from the bloc, which was completed in 2020.
He has also taken a leading role in co-ordinating European support for Ukraine.
Under the SAFE scheme, the EU jointly borrowed money on financial markets to lend to countries in the bloc for defense projects.
Asked about recent criticism from Nigel Farage, whose Reform UK party is leading in the polls, who said the governing Labour government was moving too close to the EU, Starmer said the Brexit campaigner had repeatedly misled the public.
“I wouldn’t listen too much to what Nigel Farage has to say about this,” Starmer said. ($1 = 0.8440 euros)
