The current decade has seen one of the most drastic changes in the arena of politics, global trade (Capitalism) and international affairs. We have witnessed unprecedented rise in right wing politics across Europe, Latin America, North America and in the Indian Subcontinent. These political changes are followed with multiple business and trade alliances be it Belt & Road Initiative (BRI) and China Pakistan Economic Corridor (CPEC) by China, or Trans-Pacific Free Trade agreement led by USA (though the US under Trump pulled itself out but new Biden administration is expected to rejoin this).
As the world’s business elite, political leaders and the chatterati show up at the annual Davos conclave in the Swiss Alps this week, the talk is about “Stakeholder Capitalism”. With reference to Devos conclave C. Raja Mohan* has written a write-up that throws light on the inter-relation of politics and capitalism.