In an interview with Chinese state-affiliated media outlet CGNT, Klaus Schwab celebrated the country for its “tremendous” achievements, stating that it is a “role model for many countries.”
Could this guy be any more of a James Bond villain? Schwab didn’t say what specific economic policies in China he believes other countries should adopt, but we know exactly what he’s talking about.
The World Economic Forum found and chair has had a long history calling for a “restructuring” of capitalism. Schwab is an advocate for “stakeholder capitalism.” This is the belief that corporations should not have the traditional priority of maximizing profit for their stakeholders, but should also address issues that pertain to society as a whole. This can include social, cultural, and environmental concerns.
Now you see why Schwab thinks China is a role model to the world. The Chinese Communist Party and private Chinese businesses are basically one and the same. The CCP is the ultimate authority in the country and businesses are subject to the wishes of the government.
This is exactly what the elites at the World Economic Forum want on a global level. People like Schwab at the WEF think they are so much smarter than you that they should be allowed to run the world. At last year’s WEF Summit, Schwab was so blatant about this that he stated “the future is built by us.”
We’ve seen time and time again over the last two years how wrong the so-called “experts” are. But instead of realizing this, Schwab doubles down by stating the WEF must “overcome” people with “negative critical and confrontational” attitudes towards them.
The WEF and its overlord Schwab have a serious misunderstanding of the incentive structures in capitalism. Schwab wants to measure the progress of companies by using non-financial measurements. We’ve seen this in the implementation of environmental, social, and governance (ESG) scores that track how “socially conscious” a company is. In other words, how compliant a company is with the demands of a governing body.
When a company’s main objective is to maximize profit for shareholders, it benefits the consumer because that’s who the company is trying to appeal to. But with a system like “stakeholder capitalism” where ESG scores and government intervention is encouraged, companies must appeal to the state. It’s a way to remove accountability enforced by the people. That’s not capitalism, that’s an inevitable fall toward Marxism.
Leftists like Schwab believe that all corporations make their profits by stepping on the poor, but they fail to realize that capitalism has lifted more people out of poverty than any other economic system. The WEF does not want a free market, they want an oligarchy where they make the rules because they believe they know what’s best for the world.
The dangerous thing about people like Schwab is that they want a system where they are not held accountable by the people. DO NOT give them this power.
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