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Simple answers to simple questions

Simon Johnson:

Corporate Davos was borderline exuberant. Even if a deeper crisis looms, does the global business elite really care?

Simple answers to simple questions:

No.

NOTE These people are absolutely as out of touch as Mubarak. More from Johnson:

The gap between the CEOs’ world and the real world should be bridged by the official sector. But where are the politicians and government officials who can explain what we need and why? Who can confront the CEOs in the highest profile public forums, and push them on the social responsibility broadly defined?

The biggest disappointment at Davos was not the attitude of the corporate sector; these people are just doing their jobs (as they see it). To the extent the U.S. or eurozone official sector showed up at all, it continued to demonstrate the deepest levels of intellectual capture. The reasoning seems to be: As long as we do what the big banks and big firms want, everything will turn out all right. There was zero high-profile public debate at Davos this week on anything related to this way of seeing the world.

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