Bill Gates will return to Davos, Switzerland to join a gloomy group of the world's richest men at this year's World Economic Forum. Gates will deliver a follow-up to last year's Philanthrocapitalism speech. This time it's called, "From philanthrocapitalism to philanthrocrisis."
“You have to realize the size of the problem confronting us today is significantly larger than in the ‘30s,” George Soros, the billionaire hedge-fund owner and philanthropist, said today. “The situation will continue to deteriorate.”
You won't find many gloomy billionaires among the 100,000 attendees at this week's 5th World Social Forum, in Brazil, which was organized to counter to the Davos meeting. But you will find lots of energized union activists, environmentalists and indigenous people trying to save the Amazon rain forest. The group's slogan: "Another world is possible."
Al Jazeera's Gabriel Elizondo, reporting from Belem, said: "The World Social Forum was built to be an anti-World Economic Forum. "It is not for the rich, not for the well-connected and it is not 'invitation only' - just the opposite of everything in Davos.