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Richard Quest: Davos achieves very little

The eccentric business journalist says the World Economic Forum is not especially effective.

CNN’s Richard Quest on the phone to 567 CapeTalk/Talk Radio 702’s Bruce Whitfeidl from Davos, 24 January 2014. Picture: @cnnpruk via Twitter.

JOHANNESBURG - CNN presenter Richard Quest says little has changed at the World Economic Forum over the many years he's attended the gathering.

Speaking to 567 CapeTalk/Talk Radio 702's Bruce Whitfield from Davos on Friday, the eccentric but well-respected business journalist said the massive meeting seems to have produced few advancements in the 12 or 13 years he's been there.

"Fundamentally, I guess it's the same organisations, it's the same super elites that schlep their way up the mountain to try and do something right. For once."

Quest says he doubts this year's forum will leave much of a legacy, but noted the focus on inequality as being its major feature.

But, responding to Irish rock star Bono's complaint that the poor are excluded from the debates and decision--making, he warned this is not the most effective approach.

"It ignores the point. These are the people, whether you like it or not, who can affect change."

To listen to the full discussion, click here.