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Davos delegates greeted by protest

Tuesday, January 24, 2012 - 02:50

Jan. 24 - The Occupy movement has created an igloo camp at the Swiss ski resort of Davos to bring its argument with the super-rich ''1 percent'' to the World Economic Forum. Sonia Legg reports from Davos.

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Activists from the Occupy movement put the finishing touches to their latest camp. Conditions are a little tricky here in the Swiss resort of Davos but that hasn't put them off. They've built six igloos, a field kitchen and two heated teepees and are hoping to disrupt the World Economic Forum's annual meeting which starts on Wednesday. (SOUNDBITE) (English) OCCUPY PROTESTER ED SUTTON SAYING: "They come together each year to makes these decisions with enormous consequences for the entire world and they don't feel its necessary to consult with the vast majority of people who inhabit the world. There's seven billion people on the planet who don't have any kind of a say in what they are doing." its not so easy but we're gonna try." The occupy movement went global after protests against Wall Street last year. They say they're bringing their argument to the super-rich one percent. PTC "The protestors want to remind the leaders of finance, industry and government who are gathering here in Davos that resentment about the current direction of capitalism is high. They'll spend the week highlighting income inequality and the what they see as the greed of the rich and poweful." A record 2,600 delegates are attending the 42nd World Economic Forum. They'll ponder a host of global issues under the broad theme of "The Great Transformation: Shaping New Models". Around 40 heads of state, 18 central bankers and other key financial figures will be joined by IMF chief Christine Lagarde, World Bank President Robert Zoellick and U.S. Treasury Secretary Timothy Geithner. And it's not by chance the German Chancellor Angela Merkel is giving the opening address. Klaus Schwab is the Forum's founder and chairman. (SOUNDBITE) (English) WEF FOUNDER AND EXECUTIVE CHAIRMAN, KLAUS SCHWAB, SAYING: "2012 will be a decisive year again because we have to move out finally of the euro crisis, hopefully we can go into new, renewed growth patterns in the world but we have the unfinished spring revolution in the Arab world. We have the big issue of how can we make the growing economy for the benefit of everybody." Many of the delegates will bypass the railway station-based protest camp - arriving by helicopter instead. But the Forum has shown it is well aware of the dangers posed by the backlash against rising inequality. In a recent report it warned the advance of globalistaion could be derailed and worldwide growth threatened. The mood has rarely been more sombre. And this year many important leaders - including those from the United States, Russia, China and France, are staying away due to elections or transitions of power at home. Sonia Legg, Reuters

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Davos delegates greeted by protest

Tuesday, January 24, 2012 - 02:50