So, the UN is democratic because every country can vote to enforce a policy, right? Wrong! The Security Council has the ultimate power and each one of its members has the power of veto on any decision even against the wishes of the majority. World Bank? IMF? Who runs this institutions? Who elects their leaders? These institutions are practically run by the USA. Where is the democracy there? There isn’t! So Davos is just another player in the same game.