Putin Speaks About Global Security Erosion, Pandemic, and IT Giants’ Monopolies at Davos Forum

Business

The Russian president is delivering an address at the World Economic Forum’s annual meeting in Davos on 27 January in an online format mandated by the ongoing pandemic. Global economic restoration after the end of the pandemic is one of the key topics that will be discussed at WEF this week.

Russian President Vladimir Putin has stated during his address to the World Economic Forum that the global system of security is currently being eroded. The president praised the recently achieved agreement with the new US administration to extend the last remaining nuclear arms reduction treaty, New START, for a five-year period, but noted that many more issues and disagreements between the countries remain unaddressed.

He noted that smaller local conflicts continue to multiply, but expressed hope that a larger war which might be disastrous for mankind in his opinion, is currently impossible. Still, he warned that the situation might unexpectedly deteriorate if no steps are taken to prevent such a scenario.

IT Giants Already Competing With Governments

In a separate remark during his speech, the Russian president stressed the growing impact of IT companies on people’s lives, suggesting that the industry’s giants are already competing with governments. Putin pointed out that “monopolies” by these giants border on being highly efficient transnational businesses and manipulating societies the way they see best, while…

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