He's right about some things but not about the Davos crowd. Those Davos a-holes are all a bunch of power drunk retards that have no respect for individual liberties, and very much look forward to ruling over each of us.
They are mostly average, wealthy, self-important blowhards. Many of them are the left-over European aristocracy that still have their millions from the 800 years of feudal exploitation. They never really were with the program of all men being equal and shit like that. They're elite, proud of it, and find it all within the natural order of things to put their boot on your neck. It's the American elite that enrage me. Bunch of a-holes that are rejecting all the core principles that got them where they are. Once you've climbed the ladder, pull it up, and keep the riff-raff out of your little club.