QUELLE HORREUR!!! The worry in Davos: Globalization is under siege.

In 2013, WEF organizers hailed the participation of Russian Prime Minister Dmitry Medvedev as a national leader who understood “global responsibilities.” Of course, Medvedev along with Russian President Vladimir Putin are now all persona non grata in Davos, as well as the coterie of Russian oligarchs and business elites who used to throw some of the most lavish parties on the sidelines of the forum. The war in Ukraine will shadow discussions, with a major delegation from Kyiv, including Ukrainian first lady Olena Zelenska, in attendance.

A huge part of the forum has little to do with politicians or the doom-mongering of pundits. There will be dozens of discussions and events spotlighting all sorts of examples of innovation and collaboration in the private sector, on issues ranging from food security to youth education to forestry (WEF has pledged restore and plant a trillion trees around the world). WEF organizers speak rosily in technocratic jargon of how the forum’s attendees enable “systems positive change” and are nudging the world toward a happier, more sustainable future.

“There’s a cynicism around Davos, they can say it’s a talk shop,” Penjani Mkambula, who works on fortifying grains with minerals and vitamins in the developing world at the Global Alliance for Improved Nutrition, told me. “But there are so many positives that emerge. A lot of partnerships get forged, a lot of work gets done and you sometimes only see the results years later.”

A lot of work gets done in a different way as well: Prostitutes gather in Davos for annual meeting of global elite — where demand for sexual services rockets during economic summit.