The important frame here is to understand that society is a mixed bag, or patchwork quilt, of tribes. In theory everyone can do anything but as is often noted

The important frame here is to understand that society is a mixed bag, or patchwork quilt, of tribes. In theory everyone can do anything but as is often noted in practice the switching costs means they specialise for life. And following that line of thought (plus looking at the world) reveals that there are tribes for things. So for example there is a particular subset of the population who act as the political class, as journalists, as technical leaders, as manual labourers, etc. It really shines through when the intellectuals go off the rails, because there are situations where the public discourse and the voting population are in disagreement over what to do next. Anyway, Davos/the WEF is one of the most powerful tribes getting together to decide what is important and in their best interests. It will shape politics because they will decide what political ideologies get funding and advertising, and in a few years the legislators will start aligning to the Davos opinion and writing laws. Assuming there is consensus in Davos and it isn't one of the rare occasions where the elites are frustrated. How it affects real people is informal but the pathway is clear.