One comic sign of the coming era was the creation, in 1971 in a Swiss mountain village called Davos, of a club for European corporate leaders. There they could examine civilization through the prism of business. Soon businessmen were coming from around the world. Then government leaders and academics flooded in, looking for investors. Business leaders, politicians, and academics alike seemed to accept without question the core tenet of Davos: that the public good should be treated as a secondary outcome of trade and competition and self-interest.
Via John Ralston Saul’s essay The collapse of globalism: And the rebirth of nationalism published in the March 2014 issue of Harpers (subscription required).