The World Economic Forum (WEF) is a Swiss non-profit foundation that is best known for its annual meeting in Davos, an alpine resort. The meeting brings together 2,500 business leaders, politicians, intellectuals and journalists to discuss the issues of the day. The gathering is often simply termed “Davos”, a reference to its venue.

Luxury wristwatches on show at the Geneva watch fair last week. Studies show the rich-poor divide is getting worse. Photo: Bloomberg

Inequality is becoming a very dirty word among the world's economic elite

One of the main themes of last week's summit meeting of the rich and powerful elite of the world in Davos was "inequality". A better one - though perhaps too close to the mark for those attending - would have been why the elite, both in business and in politics, are failing the world, economically and politically.