(MENAFN- The Rio Times) (Analysis) For half a century, Davos stood for elite consensus. Between 2019 and 2025, that aura faded as governance turmoil, changing geopolitics, and a crowded marketplace of summits reduced the World Economic Forum's pull.

The turning point was 2025. Founder Klaus Schwab, 87, stepped down as chair after a board-mandated review by a Swiss law firm found no criminal wrongdoing by him or his wife but noted blurred lines between personal and institutional spending.

Interim leadership changes followed, and Schwab challenged aspects of the process in court-an unusually tense handover after five decades of founder control.

Perception also shifted on the ground. Davos 2025 drew thousands of participants and more than fifty heads of state or government, yet widely shared images of sparse rooms and notable absences reinforced a view that the forum's convening power is no longer automatic.

Money and optics intersect. The forum remains funded chiefly by corporate memberships and partnerships, with significant annual revenue and capped public security support in Switzerland.



Participation is costly for companies, sustaining a longstanding perception of exclusivity and a“pay-to-play” culture. Competition has intensified.

Riyadh's Future Investment Initiative now markets itself as a deal-making hub for global CEOs, while the Munich Security Conference has become the primary stage for urgent geopolitics.
Davos fights for relevance in a multipolar world
In an era defined by industrial policy, trade blocs, and great-power rivalry, forums tied to hard security or capital flows increasingly shape outcomes. Another factor is reputational.

Alongside traditional policy critiques of Davos as distant from everyday concerns, a wave of sharper public claims has gained traction online-asserting that the forum promotes agendas such as abolishing private property, imposing digital IDs or social-credit-style systems, and using crises to curtail freedoms.

The WEF rejects these characterizations, and independent reviews dispute many of the claims, but their spread has clearly influenced how parts of the public view the institution.

The WEF says its mission endures: to convene business, government, and civil society. That may be true, yet the center of gravity has shifted.

For readers in Brazil and beyond, the practical takeaway is straightforward: watch where binding decisions and capital flows are now forged-security forums, investment summits, and formal government tables-while Davos works to prove its relevance in a more multipolar world.

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