Klaus Schwab from the World Economic Forum on the Failure of Global Governance
“The reason for our failure to predict and manage global risks – in addition to climate change and deepening social division, this also applies to debt crises and inadequate technological regulation – lies in an unresolved problem of global governance. Our institutions and their leadership are no longer fit for purpose. We tend to view history as a series of revolutionary, earthquake-like events. But the deterioration of global governance is a case of gradual erosion.”
– Klaus Schwab, founder and chairman of the World Economic Forum, in “The Vision of a Governance 4.0 – Our institutions and their leadership are no longer fit for purpose. That’s why we need new trailblazers”, Handelsblatt from 21, 22, 23. January 2022, No. 15
