Gillian Tett needn’t worry about Davos Man

Economic and political antagonisms, anti-bank politics and controls on the movement of capital, all leading to distortions in credit, shortages of capital and slower global growth. This is the warning from Gillian Tett of the Financial Times, who is burrowing into the anxieties of Davos-goers and other financial elites.

It is the sort of view that one might expect from people in Europe and North America, but I can assure you, Davos Man’s day is not done. Globalisation, specifically of capital, is here to stay. But it is going to look different, because Asian societies are going to be increasingly influential in writing those rules.

Tett...