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Glossary

Monday, July 11, 2011

World Economic Forum (WEF)

 

The World Economic Forum (originally named the European Management Forum) first met in 1971 in Davos, Switzerland. German-born Klaus Martin Schwab, a professor at the University of Geneva, chaired the gathering – in fact he founded the non-profit organization.

Today, the World Economic Forum is famous for its Annual Meeting in Davos-Klosters. The meeting is prominently held as a "brain-storming" session devoted to solving the big issues of the day. Over the years, as a globalist summit, it has become bigger and bigger until it rivals only the secretive Bilderberg Group in terms of publicity.

Klaus Schwab often likes to point out that the strength of the meeting lies in its ability to attract not just one group of individuals, but a spectrum of people with backgrounds in the sciences, business, law, technology as well as government.

The primary focus of the Forum, when it first began, was to develop ways that Europeans could use to catch up with US management practices. Klaus was also responsible, so his website maintains, for developing the infamous stakeholder concept of management in which people are formally acknowledged to have an interest in entities that they neither manage nor own.

As the 1970s stumbled from one disaster to next, from the abrogation of the gold standard, to the oil crisis, to worldwide price inflation – Schwab became more ambitious for Forum. He began to see it as an entity that might be able to tackle the problems of the world; it could go well beyond management issues.

Accordingly, Schwab broadened the base of World Economic Forum attendees. He invited, for instance, the Chinese and developed something called the Global Competitiveness Report in 1979 to further expand the brand.

Even the name was eventually changed (to the World Economic Forum) in 1987 to ensure that the nomenclature remained aligned with the mission. In 1989, North and South Korea held ministerial-level meetings in Davos; East German Prime Minister Hans Modrow and German Chancellor Helmut Kohl held talks on German reunification.

Today, the WEF continues its growth. It now includes a full-fledged Centre for Public-Private Partnerships, which "engages businesses, civil society and political authorities in initiatives ranging from health in India to alliances combating chronic hunger in Africa." Meanwhile, the WEF has expanded its publication range to include the Global Gender Gap Report, Global Risk Reports and Regional Scenario Reports.

Klaus Schwab has created an increasingly vibrant globalist institution, one of the most prominent of its kind. To free-market thinkers – as determined anti-globalists – he has immeasurably increased the potential for what George Orwell called the "boot stamping endlessly on the human face."

The kind of one world order that Klaus Schwab seeks is nothing but an invitation to a kind of creeping genocide. The elites are just as bloodthirsty, if not more, than the normal people. And it is not a legacy normal people would want to support if they fully understood what lay behind it; but Schwab seems quite proud of it.


World Economic Forum (WEF): Site Contributions


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