2. They Struggle With Spontaneous Order
When economists speak of spontaneous order, they refer to naturally arising order that comes from free markets. In these free markets, free individuals, trading in self-interest, create a mutually beneficial order that facilitates market activity. One example of this is the invention of money to replace barter, or Bitcoin to supplant government-issued currencies.
Because the WEF seeks to command and control economies, it is constantly at loggerheads with spontaneous order. As most elite economists favor the manipulations of Keynesian economic theory, the folks attending Davos look at world economic developments and aim to craft actions “in the global public interest.” It is a bit of a paradox that an elite group of capitalists eschews the notion that the global public interest will take care of itself if just left alone.
