The living in a virtual reality and consuming insects (or owning nothing and being happy, or whatever other creepy thing the Davos crowd comes up with) part is

The living in a virtual reality and consuming insects (or owning nothing and being happy, or whatever other creepy thing the Davos crowd comes up with) part is rejected completely by the predominant culture. The WEF is therefore closer to counter-cutural movement than you are. A counterculture doesn't have to be a thing for commoners. It can be limited to the upper classes. The most famous example is probably the Socrates and his academy. Athenians saw him as a dangerous sophist that corrupted the youth, a common trope with regards to counter-cultural leaders. Eventually he was executed for that very reason. Of course, by the time the man was executed, young aristocrats who had been under Socrates' tutelage had killed about 5% of the citizens in an attempt to abolish democracy and establish a proto-totalitarian regime in the Spartan model, which may or may not prove the Athenians right.