Fergus Finlay: Davos is an offensive spectacle that pulls the wool over our eyes

Seven of the 10 biggest companies in the world — all of whom have profited from the energy crisis — has a billionaire as CEO or principal shareholder

Ukrainian President Volodymyr Zelenskyy arrives at Zurich's Kloten airport, Switzerland, to attend the World Economic Forum in Davos. Picture: AP

There’s the richest 1% and there’s the richest 10%. The richest 10% are major contributors to the biggest problem we face in the world, and we’ll talk more about that in a minute. The richest 1%, however, are an obscene scandal.

This is the time of year when we’re all inundated with media reports from Davos. Davos is a town in Switzerland where once a year the rich and famous gather to wring their hands at the plight of the poor and the oppressed, before jetting off home for a bit of wealth creation, or skiing, or whatever they do at this time of year.