James Gibney:

Dr. Schwab and Company have made a handsome business out of enabling old-fashioned clubby capitalism by wrapping it in feel-good globoblather: "unprecedented multistakeholder, multimedia dialogue...look at all issues on the global agenda in a systemic, integrated and strategic way...intensify collaboration and develop innovative solutions...generate an unprecedented process of discussion and deliberation." As George Orwell tellingly observed, "When there is a gap between one's real and one's declared aims, one turns as it were instinctively to long words and exhausted idioms, like a cuttlefish spurting out ink." The next time you hear "multistakeholder," remember that, in Davos at least, corporations hold the biggest stake.