1 The big draw of “elite conventions” (i.e parties for managerial people) is their exclusivity as an end-to-itself. A huge chunk of people accept invitations to elite conventions because they tell themselves that “they are in positions of authority and power that need to have up-to-date information and to be networked”. It strokes their ego to attend. Many after attending a convention are then likely to act on information they heard and to adopt some of the terminology used to ― frankly ― ‘signal’ that they were a part of this ‘elite group and experience’ to the others that attended the convention. Some parts of life never change from high school.
2 WEF and the UN are largely run by EuroContinentals originating from nations that can’t defend themselves by their own, are aging and stagnating, and in general have a stench of death around them. These people should be more focused on getting continental Europe ‘on track’ and flourishing before trying to tell what the rest of the global community should do. If American managerial people want to ‘network’ internationally I wish that they would attend more anglophone-centric conferences or pacific-centric conferences over these encroaching EuroContinental ones.