- The eye-opening truth about inequality
- Why does the UK need a wealth tax?
- What is Davos and the World Economic Forum?
Photo: Ollie Craig
What is Davos and the World Economic Forum?
Every year, there is a meeting that many people call ‘Davos’ – but 'Davos’ actually refers to an Alpine town in Switzerland.
What they’re really talking about is the World Economic Forum’s (WEF) annual meeting that’s hosted at this Alpine resort. It brings together political leaders, business executives, academics and others to discuss critical global economic and political issues.
The WEF was founded in 1971 and was created to promote cooperation between governments and the private sector, but has no formal government or legislative authority.
It convenes power brokers and has significant influence over the future of our economies. It’s highly exclusive and can be attended by invitation only, hence why media often report on it as ‘a meeting of the global elite’.
Why does Davos matter?
When is Davos?
What is the Davos agenda?
Photo credit: Ministério da Indústria, Comércio Exterior e Serviços from Brasília, Brasil. https://creativecommons.org/licenses/by-sa/2.0/
A Spirit of Dialogue
For Oxfam, the 'Spirit of Dialogue' agenda highlights the urgent need for fairer economic systems that prioritise people over profit and tackle the huge concentration of wealth among the richest.
It’s time for the power brokers who attend Davos to not simply talk about these issues, but take action to combat them.
Photo credit: World Economic Forum/Boris Baldinger. https://creativecommons.org/licenses/by-nc-sa/2.0/
During Davos 2025, Oxfam highlighted how extreme wealth continues to grow. No matter how much technology you have, millions struggle to afford basic needs.