Where does the WEF fit into your analysis of things?
It is a recruitment and morale-boosting organization.
Davos is a kind of fun place for billionaires and the uber-minions to go and party. It is a great place for prospective minion recruits to attend mixers and meet the uber-minions who might end up being their new bosses. There are also plenty of useful camp followers who give speeches and run sessions on "issues of greatest importance". Somebody is needed to tell the public what the sponsors want the public to hear.
The WEF is also a great place to "discuss" policies on which the billionaires have already reach tentative agreements elsewhere. The more astute of the faction leaders watch the public reaction in order to gauge how cooperative people will be to their decisions. It is not that they care what people think. They want to know how hard people will resist.
The most critical function of the WEF is to identify and recruit candidates who will follow the directions of the billionaire cartels and then to provide resources to get those candidates into government executive positions.