Davos shall reform an outdated and crumbling capitalist system

The Swiss resort of Davos is seen on January 23, 2012. Some 1,600 economic and political leaders, including 40 heads of states and governments, will be asked to urgently find ways to reform a capitalist system that has been described as “outdated and crumbling as they converge at eastern Switzerland’s chic ski station of Davos for the 42nd edition of the five-day World Economic Forum (WEF) which opens on January 25, 2012.

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