The influence of ideologues on the economy will increase
The theme of the World Economic Forum in Davos was the transformation of the economy. It was also about the transition to a stronger stakeholder economy. Corona is a suitable pretext to change the business world.
The topic of the World Economic Forum in Davos was the transformation of the economy. It was also about the transition to a stronger stakeholder economy. Why is this? Above all it means securing the profits of the global banking and corporate elite at the expense of the citizens. The thirty-year-old pyramid scheme of global elites has reached its peak: Corona is a good excuse for them to change the economy according to their needs and to continue playing with new rules.
Trudeau and other world leaders are political pawns of the globalist elite, and their politics are destroying nations in order to implement the “Great Reset” that the global elites need. It is the same elites who have achieved unprecedented prosperity in the past 30 years by abolishing the segregated banking system. This began under Bill Clinton with a policy of cheap central bank money. At the same time, the purchasing power of ordinary citizens has fallen. The standard of living has declined. And society has become more and more fragmented.
With the abolition of the separate banking system, the financial institutions of the globalist elite were able to buy commercial banks and merge them with their financial institutions. This was previously forbidden. Through these credit banks they could obtain almost endless funds from the central banks in the form of credits for the purchase of financial products and speculation.
Commercial banks are the only ones legally allowed to take money in the form of loans from central banks and then pass it on to citizens and businesses, thereby preserving the economy and keeping the currency stable.
This means that for every unit of money in the real world, there is speculation in the form of financial products that are more than nine times the amount of money. These loans are usually granted by allowing new loans through their own credit banks from central banks, or, if that no longer works, through the so-called rescue packages that Western nations are organizing for the globalist elite to maintain their monopoly.
This pyramid scheme is the largest financial bubble in world history, and it can no longer be controlled. The infinitely large loans of the global elites are never repaid. The rise in the sum of money has led to inflation over the past three decades. This reduces the purchasing power of the citizens. The globalist elites have known for a long time that this financial system can no longer be sustained in this form. That is why they favor a new economic model called the “Stakeholder Economy”.
The 50th annual meeting of the World Economic Forum (WEF) in Davos focused on the stakeholder economy with the central topic “Stakeholders for a coherent and sustainable world”. Professor Klaus Schwab, founder and chairman of the board of the WEF and longstanding proponent of the stakeholder theory, stated that the WEF had updated its “Davos Manifesto”. He described that “the purpose of society is to involve all of its stakeholders in the common and sustainable creation of value”.
Many corporations already practice some form of participatory economy in response to pressures from investors, consumers, and others who want “something special”. That “something extra” is, in a completely simplified form, a public policy task that the company should add “extra” to its built-up values.
Who should the stakeholder benefit and what value can they demand? The stakeholder is basically any shareholder, employee, supplier or even consumer of certain services or goods. Based on the classic model of keeping shareholders under pressure from management, this economic model shifts all decision-making powers into the hands of the most “passionate” group, the hands of the state. It is thus a system-based development of the fourth industrial revolution, and the economy of the parties involved is another building block of the unfinished pyramid.
Proponents of the stakeholder economy believe that the company should serve the interests of all stakeholders, not just shareholders. They believe that the involvement of stakeholders should replace the superiority of shareholders in running the company. In particular, they argue that the stakeholder economy is primarily an intellectual and ethical choice. The stakeholder economy can either be an ideology adopted by executives in individual societies, or a model promoted by governments through laws and regulations.
There is a potential risk here with the certainty that there will be some pressure from political populists who could completely destroy the economy because of their pointless demands. When large corporations forcibly silence their shareholders, the stock market as we know it can become uninteresting in a few years’ time, leading to stagnation and subsequent decline in income for the majority of the population. The weight loss will only increase class disparities, which appears to be the main reason for building a participating economy.
This raises the question of who will run these companies and which governments will legally regulate the business. We don’t have to go far and can clearly see who rules us, who is holding the individual companies and which topics are preferred. The market is controlled by the best companies by default, and supply and demand regulate the market and those companies in it.
Society cannot be controlled only by the state or the largest group, and if it were, society and the market would be controlled by the state through its regulations and this would clearly be a return to the economic environment of communism. With this idea, it is important to remember how the state manages its property and how efficiently and flexibly it can solve the problems that arise.
From the perspective of the traditional system, the entry of the non-governmental not-for-profit sector into the economy is of interest. The entry of an association as a stakeholder in the management of a corporation creates a paradox in which that association, which is not making a profit, directly affects the company’s financial flows.
If the system of the stakeholder economy is to work, supply and demand are dictated directly by the state or rather by the political regime. For this reason, we have for years been facing ideological pressure from political non-profit organizations which will generate enormous profits from leadership positions in this system. And it doesn’t matter whether it’s gender, multiculturalism or eco-dictatorship.