Klaus Schwab Announces Resignation From World Economic Forum

Klaus Schwab, the founder and chairman of the World Economic Forum (wef), announced on May 21 that he will resign as executive chairman next year. He will retain a non-executive role.

Schwab created the wef in 1971. Today, its annual meetings are the best-known gatherings of international world elites (often referred to as “globalists”).

What is the purpose of the wef? Its website states that its goal is “to shape global, regional and industry agendas.”

In the 1930s, Schwab’s father was a director in a company that used slave labor to build atomic bomb technologies for Nazi Germany. Schwab was too young to be complicit in these crimes, but Nazi Germany’s “corporate socialism” agenda strongly resembles the so-called “stakeholder capitalism” agenda of Schwab and the wef.

This agenda pushes world leaders to replace individual freedom (including free markets) with massive increases in wealth taxes, government regulation and infrastructure spending. The covid-19 crisis made much of this possible, in what Schwab and others advocated as “the Great Reset.” Since then, globalists have pushed more openly for an overtly socialist system.

Presumed potential replacements for Schwab include Christine Lagarde, president of the European Central Bank; Marc Benioff, ceo of Salesforce; Peter Maurer, former president of the International Committee of the Red Cross; and Tony Blair, former prime minister of the United Kingdom.

The reason for and significance of Schwab stepping back is unclear, but the World Economic Forum may yet succeed where Adolf Hitler’s regime failed.