This goes against all evidence

And what evidence is that? People say "it goes against the evidence" but don't give any evidence when there is none to give.

The WEF is one of the most clear examples of late stage capitalism you could imagine. A bunch of capitalists pushing for serfdom for everyone else. 15 minute bubbles for you and I, private jets and no international controls on currency for them. Insects for us, filet mignon for them.

Late-stage capitalism is often characterised by five things:

• intensified wealth inequality;
• exploitation of labor;
• commodification of all aspects of life;
• environmental destruction;
• excessive corporate influence over politics.

I would also include a shift from industrial capitalism to finance capitalism.

There is no doubt that every one of those have become the norm. In the west, there was a period of decreasing wealth inequality due to industrial capitalism plus Keynesian economic policy, but that's long gone. It's not uncommon for two-income families with above-average incomes to be one paycheque away from financial disaster.

Worker exploitation is rising, again. While there are a few counter-signs, such as the push for a four-day work week in Europe, exploitation is prevalent. Just the tip of the iceberg:

• In the US, the prison system has become an essential part of the economic system, using coerced unfree labour paid pennies an hour.
• Franchises are often exploitative.
• Many of the biggest and most profitable corporations in the world have moved their workers onto "zero hour contracts" and the gig economy, creating the precariat class.
• Death from overwork is so prevalent that many countries have words for it.
• The computer game industry has normalised exploitative crunches.
• Supermarkets exploit farmers while charging customers premium prices.
• The Chinese "996" system -- and please don't insult me by saying "communists", these are Chinese corporate capitalists.

I haven't even touched on the excessive influence of Wall Street and the banks on government, the collapse of supply chains, crony capitalism, environmental destruction, unsustainable farming driven by big agribusiness, corporate monopolies, unsustainable levels of personal debt, shrinkflation, etc.

CC u/no_u