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World Economic Forum: Capitalism Needs Urgent Reform

VOA News Wednesday, 11 January 2017
Reforming the very nature of capitalism will be needed to combat the growing appeal of populist political movements around the world, the World Economic Forum said Wednesday.   Getting higher growth levels, it added, is necessary but insufficient to heal the fractures in society that were evident in the election of Donald Trump as U.S. president and Britain's vote to leave the European Union.   In a wide-ranging report from the organizer of the annual gathering of political...
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News video: China President Extolls The Merits Of Global Capitalism

China President Extolls The Merits Of Global Capitalism 00:34

In a sign of the shift of international politics, China's Communist Party leader extolled the virtues of globalization, free trade and green energy. Chinese President Xi Jinping didn't mention Donald Trump during his speech at the World Economic Forum in Davos, Switzerland. Several of his pointed...

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