In stark contrast, the Labour Party Shadow Chancellor John McDonnell had a right go at the globalists:
“Davos is what I expected. It embodies the criticisms I have made of it in the past. I don’t think the people here have any comprehension of the contempt in which they are held.”
McDonnell said the corporations represented at Davos had been getting away with “industrial-scale tax avoidance” while ordinary people struggled. “They just don’t get it. It’s the system and it needs to be changed,” he said. He said the big auditing companies should have the equivalent of a doctor’s Hippocratic oath so that they did not encourage firms to avoid tax.
“Ten years after the crash, after 10 years of austerity and 10 years of paying their taxes and seeing public services cut, people have had enough.”
The shadow chancellor believes the pick-up in economic growth has allowed discontent to surface. “In the depths of the recession people concentrated on survival,” he said. “When the cycle turns and people are told the sunny uplands are before them, that’s when people get alienated, angry.”
McDonnell called for an international pledge among progressive governments to introduce a financial transaction tax (FTT) to begin to address the inequalities of the global system and restructure the global economy.
[source : John McDonnell: I'm in Davos to tell the elite they are held in contempt , The Guardian, https://www.theguardian.com/business/2018/jan/26/john-mcdonnell-davos-uk-business-wef-voters, 26th January 2018]