The Difference Between the Group of 20 and Davos

January 13, 2018

Treasury Secretary Steven Mnuchin is apparently confused about rule by governments and rule by rich people. In response to questions about whether Donald Trump was catering to elitists by attending the World Economic Forum in Davos Switzerland, he said that he didn’t think the group of people there was any more elite than the group attending the Group of 20 finance ministers meetings.

The Group of 20 meetings of finance ministers are meetings of people who are there because they represent governments, most of which were democratically elected. The people at Davos are there because they are rich. Apparently, Mr. Mnuchin does not recognize this distinction.

It might have been worth pointing this out to readers.

Comments

Support Cepr

APOYAR A CEPR

If you value CEPR's work, support us by making a financial contribution.

Si valora el trabajo de CEPR, apóyenos haciendo una contribución financiera.

Donate Apóyanos

Keep up with our latest news