TIME

Klaus Schwab

The founder and executive chair of the World Economic Forum explains how society can have an identity crisis—and what a Precariat is

Davos takes place this year at a time of uncommon instability. How come? When you look at the major European or North Atlantic nations, people do not know what the policy of the next administrations will be. The U.S., maybe together with China, is the elephant in the room. Both uncertain. You have elections in France, the unknown

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