January 26, 2010
Posted: 1527 GMT
Davos, Switzerland (CNN) – The fire is out. It is time to build the new house. That is the underlying theme of Davos 2010, or more elegantly expressed in Davosian-speak as Rebuild, Redesign and Rethink. The founder of Davos Klaus Schwab defines these three Rs as rethinking values, redesigning financial systems and rebuilding institutions.
Of course this is much easier said than done. Last year few sat around and hesitated over preventing financial Armageddon. Now there are plenty of arguments about what should come next. Lots of these different agendas will be up for debate at the World Economic Forum.
Klaus Schwab admitted in his interview with me, “everybody will try to push his own interests.” I guess there is nothing wrong with that. However, to build something that will withstand the next financial hurricane, it is essential that it has strength and depth. Everyone needs to guard against weak plans simply because they are acceptable to all. That is not rebuilding, redesigning and rethinking; it is a recipe for ruin.
Tune in to CNN International each evening at 1900 GMT (or your local time) to watch Richard Quest on ‘Quest Means Business’.
For more information on Davos please visit www.cnn.com/davos