WEF founder, Klaus Schwab, has suddenly stepped down as WEF Chairman, following whistleblower allegations that he engaged in sexual harassment and manipulated WEF’s research reports.
In the 1980s, Schwab was the first to push “stakeholder capitalism,” the inspiration for today’s ESG movement. In the 1990s, he peddled distorted data on rising “inequality.” In the 2000s he supported raising taxes. In the 2010s, he gave climate change extremists such as Greta Thunberg exposure and validation.
Most unforgivable, was WEF’s declaration during COVID that it was the perfect time to “reinvent” capitalism and squash economic freedom. In its “Great Reset” report, it urged the world to “think about the kind of future we want’ and move towards collectivism.
Given its perfect record of being wrong on every economic issue of the last 50 years, now would be a good time for the WEF to go away for good.