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‘The dirty little secret of Davos 2020 is they all need [Trump] to get re-elected. Nobody wants to say that out loud.’
That’s the Hoover Institution’s Niall Ferguson sharing his thoughts with Yahoo Finance this week regarding the World Economic Forum’s 50th annual meeting in Davos, Switzerland.
He explained that the potential choice between Democratic front-runners Bernie Sanders and Elizabeth Warren or Donald Trump would be an easy one for the elite looking to maintain their levels of wealth.
He also said the attitudes toward President Trump have changed in a big way since he last attended the event back in 2016.
“Almost nobody gave him a chance of winning the nomination, much less the presidency,” Ferguson told Yahoo on Tuesday. “Then the following year, they were all in a state of trauma because he won against their expectations. They thought that was going to be a great disaster as a result, and they’re all a great deal richer than they were back then.”
Trump’s appearance this year was marked by a speech in which he took credit for what he called the “great American comeback.” Some weren’t impressed with his delivery, but Ferguson disagreed.
“I rather relish the deadpan delivery. This was well-behaved Trump,” he said. “I also thought it was right that he emphasized the economic successes of his administration, which I think significant even if he was guilty of a little hyperbole.”
Watch the interview:
