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It\u2019s the annual event that no major businessman or policy-maker dares to miss. Among the famous attendees of the most recent World Economic Forum in Davos were the CEO\u2019s of Amazon, BlackRock, Pfizer, JPMorgan Chase, the head of the FBI, publisher of The New York Times, and heads of states from all corners of the earth.\xa0 This exclusive get together of the world\u2019s elite has a noble mission statement: to improve the state of the world through public-private participation. Critics of the forum, however, argue that the annual event has become a rich person\u2019s playground where out of touch corporate elites meet in private to make important decisions about global policy without scrutiny or consultation. While chief executives meet under the noble pretense of solving poverty and climate change, most attendees use the forum to further their business interests and make themselves richer. Davos\u2019s supporters argue that the annual forum is more important now than ever before. From climate change, to food and energy inflation, to geopolitical instability, the global crises we face require collective action through cooperation and interdependence. Relationships and collaborations forged in Davos have and continue to bring about real world solutions to some of the world\u2019s biggest challenges. Davos might be elite, its supporters concede, but its also effective in working towards global prosperity and peace.

Arguing for the motion is Don Tapscott, CEO of the Tapscott Group and the co-founder and Executive Chairman of the Blockchain Research Institute

Arguing against the motion is Peter S. Goodman, the global economic correspondent for The New York Times and the author of DAVOS MAN: How the Billionaires Devoured the World\xa0\xa0

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The host of the Munk Debates is Rudyard Griffiths -\xa0@rudyardg. \xa0

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Senior Producer: Ricki Gurwitz