Summary
BlackRock CEO Larry Fink started the World Economic Forum (WEF) by addressing challenges facing the global economic system, including its lack of inclusiveness. He emphasized the need for capitalism to evolve, especially in light of the impact of AI and other technologies on the workforce.
Key Facts
- The World Economic Forum (WEF) is a large gathering of global leaders and business executives.
- Larry Fink, the CEO of BlackRock, delivered opening remarks at the WEF.
- Fink stated that the forum currently faces a crisis of legitimacy, with many people feeling left out of global prosperity.
- He emphasized that economic success should be measured by how widely it is shared among people, not just by GDP or company profits.
- The AI revolution is being discussed heavily at the event and is seen as a potential challenge to economic equality.
- Fink warned that AI could affect white-collar jobs in a similar way that globalization impacted blue-collar jobs.
- The event also features President Trump, symbolizing its political relevance.
