Editorial: El País

• Donald Trump's arrival at the White House has dominated this year's edition of the World Economic Forum in Davos due to the potential divisions his policies may cause.
• The European Union has lagged behind in terms of growth, reforms, and investments in artificial intelligence.
• Ursula von der Leyen promises to put the economy at the forefront of her second term, focusing on reducing energy prices, boosting investment and market unity, and reducing bureaucracy.
• Trade war in a globalized economy is detrimental to everyone.
• National industrial policies and tariffs could reduce global GDP by up to 5%, a potentially more significant impact than the 2008 financial crisis or the Covid-19 pandemic.
• The Davos forum has theoretically carried a globalist view.
• Business leaders have stopped advocating for a capitalism with a human face.

Conclusion: The analysis underscores Trump's centralization of the economy, Europe's lag in AI, Ursula von der Leyen's promise to shift the EU's economy, and the damage of trade war. Capitalism with a human face appears to be fading and Davos reverts to business, business, and business.

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