00:00:00.000Everywhere throughout Davos, there are signs of wealth and opulence during the World Economic Forum Summit.
00:00:08.360Among these are the Rolex store right behind me, which has remained open while many other businesses have shut down.
00:00:16.580Frequently, you can see people wearing furs, brand name clothing, expensive suits, and jewelry and watches.
00:00:26.160It's definitely apparent that we are where the elites walk and tread.
00:00:32.240Quite a contrast from the conditions most people live in, even in Switzerland, where locals are not necessarily always exposed to this amount of wealth and status.
00:00:46.600Almost everything in Davos is expensive, including luxury vehicles.
00:00:51.360So far, we've seen Ferraris, Bentleys, Mercedes, and a bunch of other luxury brands.
00:00:57.660There's definitely an element of performance.
00:01:00.420People put on their best clothes and strut, like chickens, throughout the streets of Davos to signal their status as elites.
00:01:09.700Although we've seen a lot of talk about closing the wealth gap and making the economy work for everybody,
00:01:17.340it seems that people here are reluctant to give up the luxuries which come with elite status.