Last week at the G20 meeting in Indonesia, as U.S. President Joe Biden and Chinese leader Xi Jinping wasted their time talking about global warming, a subject the People’s Republic does not take seriously, instead of the origins of COVID or the status of Taiwan, to my utter astonishment, the face and voice of the “Great Reset” appeared. This is the jargon for the readjustment in the world towards so-called stakeholder capitalism that is the ambition of the conveners of the World Economic Forum (WEF). The forum began in 1971 as a conference where a few political leaders and celebrities from different industries and activities gathered and the occasion was paid for by admission fees happily tendered by a selection of prosperous people from different countries who wished to rub shoulders with the prominent featured guests. It was a winning commercial formula and it grew and grew. It never moved to a more commodious and stylish place than the dreary and remote Swiss town of Davos.
As one who attended for 20 years — and, following the controversial death of Bob Maxwell, was co-leader (with the late Lord Rothermere) of the WEF media group — I found the sessions interesting and informative, and sometimes even entertaining. (On one occasion, I was speaking with the doyen of conferenciers, Henry Kissinger; when someone approached, Kissinger said, “Here comes that goddamn Indian.” I remarked that he was quoting General Custer; the networker turned out to be the prime minister of India.) Klaus Schwab thought the leaders of the international organizations he featured at Davos — the European Union, the World Bank, the United Nations, World Court, World Trade Organization and all their affiliated agencies — should play an increasingly important role to implement his vision of universal supranationalism.
Franz Kafka, George Orwell, Arthur Koestler and Aldous Huxley were novelists. Klaus Schwab and his chums seriously intend to push what Henson calls “a kitchen sink mishmash of the UN’s long-stale Sustainable Development Plan, the Green New Deal, Black Lives Matter sloganeering, Critical Race Theory, the most authoritarian versions of stakeholder capitalism, ESG, social governance, open borders rhetoric and boutique redistributionism, dumbed down from Thomas Piketty’s ‘Capital in the 21st Century.’ ” In a phrase of Jeremy Bentham’s that appears in the Walsh book, it is all “nonsense on stilts,” but insidious and dangerous nonsense. In 2020, the G7 “agreed in principle to the Biden administration’s Build Back Better plan to harmonize global tax rules.” Corporations would be “redefined by how much they paid in taxes to governments who could distribute the profits more responsibly.… Virtuous expert classes” will buy off the lower classes with “endless government spending, cheap debt and grievance politics,” while blaming everything on the bourgeoisie. Marxism returns as authoritarianism masquerading as gentle worldly idealism. Citizens of the world, back to the barricades!
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