The World Economic Forum, held every year in Davos, Switzerland, brings together hundreds of the planet’s most powerful political leaders, economists, and thinkers to discuss pressing world issues. The Onion looks back at the most important moments in the WEF’s 47-year history.

1971

Group of business leaders decide to name their shadowy organization that controls the global economy the World Economic Forum

1976

CEO of Singer boldly advises everyone to invest in sewing-machine futures

1978

The practice of using a theme for each forum kicks off with “Fiscal Inferno: Harnessing Disco’s Appeal For A More Stable Global Economy”

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1981

WEF expands its programming to include workshops on saving money and personal budget planning

1984

India prime minister Rajiv Gandhi gives his famous “Backdoor Dealings & You” keynote

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1988

Dad loses job at GM factory

1997

Tony Blair wins the annual Poor People Hunt

2006

Whole summit spent talking about that abortion thing from Freakonomics

2007

WEF founder Klaus Schwab outlines new initiative called Corporate Global Citizenship, telling business leaders they have an obligation to mask their corruption by peppering in some half-assed philanthropy now and then

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2038

Entire forum devoted to finding the most profitable rates of endorphin release in working-class neural implants