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From Everything.Sucks

The World Economic Forum (WEF), based in Cologny, Geneva Canton, Switzerland, is an NGO, founded in 1971. The WEF's mission is cited as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". It is a membership-based organization, and membership is made up of the world's largest corporations. The WEF hosts an annual meeting at the end of January in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland. The meeting brings together some 3,000 business leaders, international political leaders, economists, celebrities and journalists for up to five days to discuss global issues, across 500 public and private sessions.


Swiss info says, "Critics call it a “club for rich businessmen” who say they have good intentions but who only care about their own interests and do business in private in Davos. Some critics view the WEF as the promoter of globalisation, which they say has increased poverty and destroyed the environment."

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