Why the World Economic Forum’s Plutocracy Should Be Dissolved

Why the World Economic Forum’s Plutocracy Should Be Dissolved. By J.B. Shruk.

The “Great Reset” is at its heart a program for driving political power away from individual citizens and toward the controlling interests of a small international class of financial elites. This shift in society’s balance of power has fundamentally changed the relationship between Western citizens and their national governments.

The small number of multinational corporations that control most television and print news sources around the globe also control the sociological levers capable of manufacturing or shifting public opinion. …

Those with power have little incentive to check what they possess and have every incentive to grow and strengthen the powers already in their grasp. Rare, indeed, is the Cincinnatus or Washington who has gained near total control over a nation state only to relinquish such tremendous authority voluntarily and return with humility to the life of an ordinary farmer. Examples of virtuous self-restraint are historic exceptions to power’s innate tendency to become all the more coveted once obtained. …

They are consolidating their power, and they hate populism:

Today in the West we are confronted with an uncomfortable paradox. At the same time as national leaders defend vague notions of “democracy” against “authoritarian” threats beyond their borders, power and influence continue to rapidly amalgamate into the hands of a small few. It is no secret that money influences politics, no matter how profusely politicians may assert their civic independence from the lobbyists and benefactors filling their campaign war chests. With organizations such as the World Economic Forum openly working to direct the legislative programs and executive actions of nation states across the globe, however, wealthy patrons of elite economic societies have become increasingly vocal about their ambitions toward remaking the world according to their own “Great Reset” designs while flexing their political muscles within the domestic affairs of discrete nation states for ordinary citizens to see.

Klaus Schwab, the founder and executive chairman of the World Economic Forum, appeared with David Gergen in 2017 at Harvard’s John F. Kennedy School of Government and openly boasted of his influence over many national leaders:

“I have to say when I mention names like Mrs. Merkel, even Vladimir Putin and so on, they have all been Young Global Leaders of the World Economic Forum, but what we are really proud of now is the young generation like Prime Minister Trudeau, the President of Argentina and so on. So we penetrate the cabinets. So yesterday I was at a reception for Prime Minister Trudeau, and I know that half of his cabinet or even more are Young Global Leaders of the World Economic Forum…. It is true in Argentina and it is true in France now….”

When the chairman of an international economic body publicly brags about his leverage over the leaders of sovereign nation states, he can hardly be mistaken as defending the merits of “democracy.”

In a somewhat farcical display of the World Economic Forum’s control over individual nations, it has become eerily commonplace these last two years to hear the leaders of the United Kingdom, France, Germany, Australia, New Zealand, Canada, and the United States all parroting the same “Build Back Better” slogan propagated by Klaus Schwab’s economic club. With wealth and political power bonded densely into such haut monde cabals, the insular prerogatives of the WEF have succeeded in dominating government policies throughout the West.

Both in their immediate handling of the COVID-19 pandemic and their planned response to the harsh economic repercussions dovetailing from prolonged lockdowns, Western nation states have taken many of their cues directly from the World Economic Forum’s policy edicts.

Whatever vestige of “democracy” still casts a shadow across North America, Europe, and the South Pacific, it has become unmistakable that plutocracy — rule by a wealthy elite — is fast assuming total control over the West’s future.

Like dictators of old, they hate competition:

Notably, today’s plutocrats have little interest in truly free markets. …

Those with great wealth today often champion government intervention in markets. The World Economic Forum, for instance, demands governments take urgent action to combat or address climate change, cybersecurity, online misinformation, artificial intelligence, overpopulation, the use of hydrocarbon energy, farm ownership, food supplies, the elimination of private vehicle ownership, and the imposition of citizen-control protocols to defend against future pandemics. Regulation of people and markets is now of paramount importance to those with wealth and power.

By their nature, regulations (which are indistinguishable from taxes in this effect) make the cost of doing business more expensive and benefit the deep-pocketed monopoly Goliaths at the expense of any upstart Davids threatening their market positions. …

By utilizing law and regulation as a sword and shield to prevent potential competitors from entering the market while expanding monopoly power, plutocrats use political patronage and fashionable policy goals disguising self-interest to maintain their own wealth and control. …

The new fascism:

This fusion between monied interests and government power has created a type of reverse fascism. Instead of some charismatic political leader in the mold of a Benito Mussolini demanding that titans of industry follow his commands for the benefit of the State and in the interests of the people, a new class of plutocrats now steer the direction of national policies and pay the politicians to make sure the people will comply.

Notably, today’s plutocrats take a nearly identical position as traditional communists in asserting that the “economic pie” is only so big and can therefore only be divvied up among a growing population in smaller and smaller portions but never actually enlarged. When economic wealth is seen as finite, preventing others from acquiring personal prosperity is necessary for maintaining political power’s status quo. When market competition is permitted to grow wealth in perpetuity, however, not only does a growing share of the population increase its wealth, but also political power becomes spread out more diffusely.

When the “rising tide” of free markets is allowed to “lift all boats,” neither the plutocrat nor communist politburo holds as much sway. For this reason, both communists and plutocrats share a similar goal — minimizing the prosperity of the majority of citizens, while maximizing the political power of a small minority of government officials.

Follow the money. They print the money, they own the world’s assets, and they increasingly have power over us. See how it works?

It’s also a recipe for stagnation.