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World Economic Forum: One should never “waste a good crisis”

Next stage of “social restructuring”

Davos is preparing for a new world “after the coronavirus”; Economies will be replaced by ad hoc financial policies

With a mixture of carrot and stick, the outdated national economy is to be replaced by a new “consensus-building”, namely stakeholder capitalism – at least if things go to plan for the World Economic Forum.

The founder of the WEF, Klaus Schwab, therefore repeats his mantra that one cannot return to a “pre-pandemic era”. We have entered a state of emergency that will last forever. It is reminiscent of what the famous German philosopher and lawyer Carl Schmitt (1888-1985) called a “state of emergency”, an emergency situation in which the law is suspended.

The economic system desired by Schwab is “stakeholder capitalism”.

Schwab takes up the topic of reshaping the global system in his new book: “Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet“, which was of course touted in the forum and which calls for a transition to a capitalism that takes into account the interests of all “stakeholders” and not just those of the shareholders.

Schwab is convinced that “we now have to implement the ideas … by establishing a system of metrics that enable everyone to see that a company is operating in accordance with ESG criteria.” In short, we must move without further delay from words to actions.

In addition to the economic questions, where a phase of renewed socialism is looming, which is bought at the price of higher taxation and less freedom of initiative, the references to the ‘health emergency’, which only consider ‘social distancing’ and mass vaccinations, are interesting. Health is also highlighted by the President of the People’s Republic of China, Xi Jinping, who said that “governance of global public health must be strengthened […] We must fully support the role of the World Health Organization in building a global community of health for all.”

In short, the famous recommendation of the British Prime Minister Sir Winston Churchill (1874-1965), which was later adopted by the American radical activist Saul Alinsky (1909-1972): “Never let a good crisis go to waste!”

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