Schwab is one of the most influential personalities in pursuit of global political and business elites.
According to an announcement released on April 21, Klaus Schwab, founder of the World Economic Forum (WEF), has resigned from his position as chairman of the organization.
Schwab’s resignation was accepted at an extraordinary meeting held on April 20th.
Schwab, 87, has been tentatively successful by Vice-Chair Peter Brebeck Letomate, unanimously appointed by the board of directors, as he set up a search committee for the selection of future chairs.
Schwab promoted the WEF premium annual event in the Swiss Mountain Village Davos annually, bringing together the world’s political and business elites.
The Davos Conference has been criticized for not having contact with the general public, but has promoted the often obscure, epic climate ideals by the global elite themselves.
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“The World Economic Forum will attract political, business, academic, academic, civil society and other leaders in society and shape the global, regional and industrial agenda,” the organization’s website states.
Government leaders such as French President Emmanuel Macron and former Canadian Prime Minister Justin Trudeau were also part of the program.
Global impact
Schwab faces criticism of the extraordinary influence that WEF has on world leaders and the positions they have taken on controversial issues such as climate action and stakeholder capitalism.
This led to a “tripartite system of collective labor negotiations, including company management, employees and the government,” according to the WEF.
“And it contributed to the welfare state where businesses and employees paid substantial taxes to fund public education, healthcare and social security.”
DEI’s initiative has been heavily condemned by the Trump administration.
“Federal employment practices, including performance reviews of federal employees, reward individual initiatives, skills, performance and hard work, and do not consider any DEI or DEIA factors, goals, policies, delegations or requirements,” Trump said in his executive order.
“Climate action failures are also considered the most important threat to the world in both the medium (2-5 years) and long term (5-10 years), and are most likely to cause serious damage to society, economy and planets,” the organization said on its website in 2022.
WEF is promoting global consensus, in contrast to the current state-based approach of the US administration.
“America will once again become a merit-based country. You have to listen to that word: a merit-based country.”
