The futility of the World Economic Forum in Davos from 23 to 27 January drove home that state and corporate leaders of global capitalism are at sixes and sevens; President Obama did not bother to attend and the Chinese all but boycotted it. In truth it was a European affair and even then pulling in different directions. David Cameron dropped a bombshell saying that if he won the next election he would hold a YES/NO referendum on whether Britain will stay in the EU. Angela Merkel and the European Central Bank expressed opposite opinions on financial reform. George Soros and Nouriel Roubini said the
