I'm not sure the WEF can be dismissed quite so easily as a "powerless talking shop" when our own PM is using its slogan "Build back better" in his speeches.
Like you, I wondered about this very thing though, and am currently wading through stuff trying to educate my self on the subject.
I found this article very interesting:
www.tni.org/es/node/84
Within it is this passage:
"Of great significance also was the attendance of Nelson Mandela, the new president of South Africa. When Mandela was released from prison in 1990, he declared the policy of the African National Congress (ANC) was to implement “the nationalization of the mines, banks and monopoly industries.” When Mandela attended the January 1992 meeting of the WEF just after becoming president, he changed his views and embraced “capitalism and globalization.”
Mandela attended the meeting alongside the governor of the central bank of South Africa, Tito Mboweni, who explained that Mandela arrived with a speech written by ANC officials focusing on nationalization. As the week’s meetings continued, Mandela met with leaders from Communist Parties in China and Vietnam, who told him, “We are currently striving to privatize state enterprises and invite private enterprise into our economies. We are Communist Party governments, and you are a leader of a national liberation movement. Why are you talking about nationalization?”
As a result, Mandela changed his views, telling the Davos crowd that he would open South Africa up as a market economy and encourage investment. South Africa subsequently became the continent’s fastest growing economy, though inequality today is greater than it was during apartheid. As Mandela explained to his official biographer, he came home from the 1992 WEF meeting and told other top officials that they had to choose: “We either keep nationalization and get no investment, or we modify our own attitude and get investment.” "
Which I found interesting. A pragmatic business decision for his country perhaps, but definitely a sign of influence.
This was written in 2015 so long before Covid of course.
I also don't think you can easily separate out the big tech question from Covid at any level, because so much of the response to the pandemic is building on the data already there and also there is a scramble for all the new data to apply to solutions to the problems caused by the pandemic, and getting society up to speed in readiness for a new normal. The WEF is presenting itself as a networking platform to achieve this.
It's also interesting that the WEF operates a hierarchy as to who goes where and participates in what:
From the BBC:
www.bbc.co.uk/news/technology-51134164
@TheReluctantPhoenix - is it possible that your invited friends don't have the multi-pass, and therefore don't know what gets accomplished at levels they don't have access to?
I don't think it can be denied that while these sorts of events may outwardly seem like an extended jolly for the rich and powerful, they facilitate networking, contact building, the chance for alliances to be formed. Which is all well and good and maybe normal in those circles, but corporations wield alot of power and influence, and are having a massive global influence.
Until this year, the WEF was just something rumbling along in the background for most of us. If you google "WEF and Covid response", you get around 1,800,000 results. Obviously I haven't looked at them all, but just scrolling through the first few pages shows the scope of their reach.
It may not be a "grey super power" but it's hard to deny it does have broad reach and influence. The phrase "hiding in plain sight" comes to mind.
Anyway, we shall see.