What Is the Post-Post-Davos Model of the World?

As the masters of the universe (and many journalists, too) gather for their annual confab in the Swiss ski resort of Davos, the world economy that they will be gazing down upon isn’t looking very healthy. The financial markets are in turmoil. The oil price is in a free fall. China just announced its lowest G.D.P. growth rate in a quarter of a century. The European Union has been in crisis for years. The Middle East . . . enough said. Even the American economy, one of the world’s few bright spots, is showing some signs of slowing down.

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