President Donald Trump makes a virtual address to Davos attendees in January 2025. 

President Donald Trump makes a virtual address to Davos attendees in January 2025. 

Photographer: Stefan Wermuth/Bloomberg
The Big Take

Trump’s Chaotic Era Sparks ‘Survival of the Richest’ in Davos

A record crowd pursues the US president to the annual conclave as he shakes up trade and alliances

Gunboat capitalism. MAGA Marxism. Techno-feudalism — whatever you call it, Donald Trump is upending the global economy as it has been viewed from the Swiss resort synonymous with wealth and power.

As Davos gears up for its velvet-rope summit, former UK Prime Minister Rishi Sunak knows from experience what many of the Moncler-clad CEOs, hedge fund moguls and AI billionaires are feeling in their bones.