Updated: Dec 28, 2021
In 2019 the World Economic Forum (WEF) decided to seize the opportunity to convert our economic system with a failed Nazi economic concept known as Stakeholderism. With a clever twist on words, Klaus Schwab coined the term Stakeholder Capitalism and introduced it to the WEF as a new model for the future of the world economy.
Using the newly coined term Klaus Schwab introduced Stakeholder Capitalism to the WEF in an article he wrote titled 'Why we need the 'Davos Manifesto' for a better kind of capitalism”. In this article he tells us that the 1973 Davos Manifesto will be rewritten to include Stakeholder Capitalism as the dominant model for the world’s economy. Klaus states that he originally introduced the idea in 1971, but that Shareholder Capitalism was the dominant model at that time and was on the rise globally. He goes on to explain how a phenomenon that he dubs “The Greta Thunberg Effect” may be the cause for Stakeholder Capitalism gaining ground.
Stakeholder Capitalism is not a new concept, in fact its roots can be traced back to the 1930s in Nazi Germany with the passage of the National Socialist government’s Shareholder Law of 1937. According to Randall Morck, an economist for the University of Calgary, in his book titled “A History of Corporate Governance Around the World”.
"the Nazis’ Shareholder Law of 1937 freed corporate managers and directors of their specific fiduciary duty to shareholders and substituted a general duty to all stakeholders – especially to the Reich. . It banned voting by mail, and forced shareholders who could not vote in person to register their holdings with banks and entrust banks with proxy voting rights. This bestowed the large banks with voting control over much of the German large corporate sector. The Reich then took control of the banks." Randall Morck
Klaus planned to use the "Greta Thunberg Effect" to help his idea gain traction. What is this "Greta Thunberg Effect"? World leaders in recent years have increasingly used today’s youth as a tool to affect the changes they desire. One example of this is young climate activist Greta Thunberg and her scolding lectures to the world about how climate change is destroying the planet through capitalism. She rants that people’s desire for profit in business is overriding their moral obligation to save the planet, thus ruining it for future generations. We see more and more businesses jumping on the social justice bandwagon, from Coca Cola to Nike, etc. The WEF is capitalizing on this destructive and divisive concept to promote their agenda.
Considering that the basic tenet of stakeholder capitalism, is that a corporation’s main duty, is to its stakeholders and not just its shareholders, we can see how this social justice phenomenon is affecting the way businesses think.
So, what does this mean?
What Are Stakeholders?
Stakeholders are anyone who either benefits from or is affected by the existence of that corporation, including the employees, customers, shareholders, communities, the environment and even government. This type of economic system puts a lot of pressure on a corporation to please everyone. No longer do they have one agenda, which is to earn as much money as they can for the corporation and its shareholders.
How does Stakeholder Capitalism work?
It all depends on who is overseeing the priorities of the corporation. Klaus Schwab lists who he envisions being the power structure at the governance table of an organization. First on that list is governments, then civil societies, corporations, and international organizations such as the United Nations (UN). In his new manifesto Klaus states:
"Companies should pay their fair share of taxes, show zero tolerance for corruption, uphold human rights throughout their global supply chains, and advocate for a competitive level playing field – particularly in the “platform economy.” But to uphold the principles of stakeholder capitalism, companies will need new metrics. For starters, a new measure of “shared value creation” should include “environmental, social, and governance” (ESG) goals as a complement to standard financial metrics." From the Davos Manifesto - Klaus Schwab
Nowhere in Klaus' power structure do you see shareholders, who are the ones with the most to lose. A shareholder can easily be defined as a owner of a certain amount of shares of the company, or a shared ownership percentage. We see this theme more and more with the World Economic Forum and the Agenda 2030 doctrine that you and I, the small fries will own nothing.
With this new version of Stakeholder Capitalism we will see the Corporations forced into addressing such issues as social inequality, diversity, systemic racism, and environmental issues such as climate change to benefit what Klaus Schwab, the WEF, and institutions like the central banks, and world governments deem to be important and critical to our global future. These issues that are at best, vague, with no standard of measurement. This leaves companies faced with decision-making objectives that have no real, tangible benefit to the company or its shareholders and leaves executives unaccountable for their decisions.
We can see the changes in business occurring and growing almost daily with the introduction of diversity training and inclusion business models. We see companies like Nike, Coca Cola, and the NBA, promoting a socialist agenda with woke advertising and company policies. More companies seem to be following suit, as they jump on the bandwagon of wokeism. Forcing their socialist ideals onto the general public.
In order to meet all the objectives of Stakeholder capitalism, businesses will no longer have the freedom to run their business as they wish, maximizing profits for themselves and their shareholders. Instead, they will be governed by outside entities who dictate how they should run their businesses and where to dedicate their resources. Companies will no longer be able to invest in their employees but will instead be investing in such intangible ideas as a better, more inclusive world.
To achieve this, employees will no longer be paid based on the merit of their work or experience, but instead on simply existing. This is where we see the first steps of Universal Basic Income (UBI) implemented, so that a company cannot be seen as unfairly rewarding one employee over another. Companies will also be paying more in taxes. Thanks to the implementation of carbon tax credits, which is nothing more than a pay to pollute scheme.
Citizens will also be met with some form of social credit score being rolled out as a way of measuring those immeasurable standards covered earlier. For a company to maintain a good social credit score, they will need to invest what little profits they have left into whatever social justice programs are deemed appropriate by the governance board. This leaves little to nothing left for the shareholders, which in turn gives no incentive to anyone to invest in a company. What this really accomplishes is removing privately owned, profit making companies and replaces it with companies who are controlled by public institutions such as the WEF, along with governments and the Central Banks.
The last thing we need to consider. How this will affect society. As more companies roll out these policies and we get closer to a Stakeholder Capitalism economy, we are going to witness the destruction of not only our financial system, but our social structure as well. As these policies are implemented, resentment will grow exponentially among every aspect of society as we are told by those in charge, who is considered oppressed and who the oppressor is. This will only cause the already forming rift among social, ethical, religious, and financial groups to widen until our society is so fractured and broken that we cannot repair it. Incomes will decrease for many, leaving people more reliant on social government programs.
Families will be required to work more to support their families, leaving children to become more indoctrinated by the system. For many, this may mean not having a family. As it will become too expensive to support one. This ultimately leads to a total collapse of society and the destruction of our country and our world but what we can suspect is a radical agenda to do just that.
Unless we do something to prevent this from being fully implemented, this is the future that we and our children face. No longer will America be the land of opportunity and freedom. But will instead languish into oblivion, as our freedoms are removed, our wealth is stolen, and our future is destroyed. Klaus Schwab and the WEF are just a small part of a bigger global conspiracy. A Conspiracy to destroy all that is good in America. We need to do everything we can, to make sure that the vision of our forefathers lives on and that they did not give their lives and their wealth in vain.
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