Distracted at Davos, leaders are ignoring one critical issue

Some weighty themes were addressed at the World Economic Forum in Davos, from the apparent return of the Monroe Doctrine and US “manifest destiny” in geopolitics, to a replay of the 19th-century “Great Game” among competing nations elsewhere. But one critical issue that did not receive sufficient attention was the prospect of a global financial system crisis undermining such monumental assumptions. These annual gatherings of the supposedly great and good, from national leaders to business barons...