The power of the Davos class exploded in the 1990s, with US president Bill Clinton and UK prime minister Tony Blair as charter members. Once out of office, both Blair and Clinton continued their involvement. The Clinton Foundation established the annual Clinton Global Initiative, a kind of “Davos on the Hudson” featuring a continuous parade of oligarchs who, rather than pay their taxes at a fair rate, publicly shared their plans to fix the world out of the goodness of their hearts.
