THE DAVOS WORLD ECONOMIC FORUM: Who really rules the roost? by Rubin Rothler LLB, LLM

THE DAVOS WORLD ECONOMIC FORUM: Who really rules the roost? by Rubin Rothler LLB, LLM

The main meeting of the World Economic Forum (WEF) was held at the end of May, 2022 in Davos, Switzerland. It gathered together our neo-feudal overlords of the micro-caste corporate aristocracy.

Invitations were also extended to useful vassal politicians on conditions of homage and allegiance. Samuel Huntington, a highly regarded political theorist, observes that this detached elite "have little need for national loyalty, view national boundaries as obstacles, and see national governments as residues from the past whose only useful function is to facilitate the élite's global operations". This internationalist agenda is a minority elitist position, not endorsed by the majority of people. The discussions ostensibly centered around pressing global concerns, but in reality the World Economic Forum's prime purpose is to operate as a schmoozing forum for globalization's oligarchical Mafiocracy. They serve their own financial interests.

So, what precisely has the World Economic Forum been doing, and how did it launch initially? It started in 1971 designated as the European Management Forum, inviting approximately 400 of Europe’s prominent CEOs to further US styles of business management. Formed by Klaus Schwab, a Swiss citizen who studied at Harvard and who still directs the festivities today, the convocation changed its name in 1987 to the World Economic Forum after transforming into an annual gathering of global elites. It is a celebration of financial power. Writing in the Financial Times, Gideon Rachman observed that “the true significance of the World Economic Forum lies in the realm of ideas and ideology,” perceiving that it was where the global leadership assembled “to set aside their differences and to speak a common language... they restate their commitment to a single, global economy.”

In 1995, the Financial Times recognized that the pioneering “buzzword” for international policymakers was “global governance,” expressing an ambition for advancing international collaboration. In furtherance of fortifying the elite's grip on power, Davos has become the de facto chief venue for global governance - where an unelected oligarchy of 'stakeholders' formulates decisions on our behalf. This neo-feudal model places corporations center stage because they furnish, according to Klaus Schwab, the possibilities of "agile" governance, as opposed to "the sovereign state [that] has become obsolete". Schwab presents himself as some kind of prophet, while rather he would better be described as the high priest of the plutocracy.

The top emerging markets have been constant entrants in the yearly Davos event, apportioning a space in which the domestic establishment can become conversant with the international ruling class, with whom they then collaborate and trade. In 2011, The New York Times stated that the World Economic Forum delineated “the emergence of an international economic elite” that assumed significance concurrently as unprecedented increases in inequality between the rich and poor, particularly in the powerful countries but also in the fast-emerging economies. Chrystia Freeland wrote that “the rise of government-connected plutocrats is not just a phenomenon in places like Russia, India and China,” but that the major Western bailouts reflected what the former chief economist at the IMF, Simon Johnson, referred to as a “quiet coup” by bankers in the United States and elsewhere. The power of global finance – and in particular, banks and oligarchs – has grown with each successive financial crisis.

Despite the void of public confidence in banks, Davos remains dedicated to preserving and advancing the interests of the financial elite. Indeed, the Foundation Board of the World Economic Forum (its prime ruling body) includes many members of global financial governance. As the transnational institute reports: "Among them are Mukesh Ambani, who sits on advisory boards to Citigroup, Bank of America and the National Bank of Kuwait; and Herman Gref, the CEO of Sberbank, a large Russian bank. Ernesto Zedillo, the former President of Mexico who is also a member of the board, currently serves as a director on the boards of Rolls Royce and JPMorgan Chase, international advisory boards to BP and Credit Suisse, an adviser to the Bill & Melinda Gates Foundation, and is a member of the Group of Thirty and David Rockerfella's Trilateral Commission as well as sitting on the board of one of the world's most influential economic think tanks, the Peterson Institute for International Economics. Also notable, Mark Carney, the governor of the Bank of England, is a member of the Foundation Board of the World Economic Forum. Carney started his career working for Goldman Sachs for 13 years, after which he was appointed as Deputy Governor of the Bank of Canada. After a subsequent stint in Canada’s Ministry of Finance, Carney returned to the Bank of Canada as governor from 2008 to 2013, when he became the first non-Briton to be appointed as head of the Bank of England in its 330-year history. From 2011 to present, Carney has also been the Chairman of the Financial Stability Board, run out of the Bank for International Settlements in Basel, Switzerland. Apart from heading the FSB, Mark Carney is also a board member of the BIS, which serves as the central bank for the world’s major central banks. He is also a member of the Group of Thirty, a private and highly influential think tank and lobby group that brings together dozens of the most influential economists, central bankers, commercial bankers and finance ministers. Carney has also been a regular attendee at annual meetings of the Bilderberg Group, an even more-exclusive "invite only" global conference than the WEF."

Given its heavy reliance on funding from corporations, as well as being governed by people from these institutions, It is unremarkable that Davos advocates the financial interests of corporate clout beyond all else. The Svengali tutoring of global leaders by Schwab, the hypocritical pandering to China whose environmental policies are in direct contravention of the WEF green agenda ( to say say nothing of the human rights abuses), the Soros funding of the radical Woke agenda the pandemic politics, and the eugenesis based techno religion advocated by Yuval Hariri the are mere tenacles of the WEF corporate - financial Octopus. The ancient Latin 'New World Order' term for Globalism that was resurrected and coined by George H. Bush, now has a published manifesto. Unfortunately, thanks to mainstream media and the academic left, it is a manifesto that to everyone's detriment, no one is reading.