June 14, 2022
Dear Friends and Family,
This will be one of the more provocative epilogues/segments of any recent series I have done. This is about the globalist World Economic Forum (WEF). Quite possibly the WEF is where America’s corporations are headed in concept and organization. This is only one look at the WEF. Based on what I learned in this epilogue, I will be conducting an entire series on the WEF in the future. The following is an introduction to the WEF from Wikipedia excerpts.
The World Economic Forum (WEF) is an international, non-governmental, lobbying organization based in Geneva, Switzerland. It was founded on January 24, 1971, by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as “improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.” [Note: The listing of companies can be found on the WEF website – it is impressive].
The Forum suggests that a globalized world is best managed by a self-selected coalition of multinational corporations, governments and civil society organizations which it expresses through initiatives like the “Great Reset” and the “Global Redesign.” It sees periods of global instability – such as the financial crisis and the COVID – 19 pandemic – as windows of opportunity to intensify its programmatic efforts.
The WEF is mostly known for its annual meeting at the end of January in Davos, Switzerland. The meeting brings together some 3,000 paying members and selected participants for up to five days to discuss global issues across 500 sessions. WEF is headquartered in Cologne, Switzerland, and has offices in New York, Beijing, and Tokyo plus the new Center for the Fourth Industrial Revolution in San Francisco.
It’s Board of Trustees totals 30 members of which eight are Americans. The Americans included Marc Benioff, Chair and Co-Chief Executive Officer of Salesforce; Laurence Fink, chairman and Chief Executive Officer of BlackRock; Orit Gadiesh, Chairman of Bain & Company; Al Gore, past Vice-President of the U.S. (1993 – 2001) and Chairman and Co-founder of Generation Investment Management; Yo-Yo Ma, Cellist; L. Rafael Reif, President of Massachusetts Institute of Technology; David Rubenstein, Co-Founder and Co-Chairman of Carlyle; and Julie Sweet, Chair and Chief Executive Officer of Accenture. Other dignitaries closely aligned with WEF include Bill Gates, John Kerry, and George Soros. Reportedly President Biden is a staunch supporter.
Some 3,000 individual participants joined the 2020 annual meeting in Davos. Countries with the most attendees include the United States (674 participants), the United Kingdom (270), Switzerland (159), Germany (137) and India (133). Among the attendees were heads of state or government, cabinet ministers, ambassadors, heads or senior officials of international organizations. Attending this annual meeting included: the prime minister of Finland, President of the European Commission, European Central Bank President, Huawei Technologies founder, Managing Director of the International Monetary Fund, George Soros and Donald Trump (president of the United States).
In 2007 the WEF established an Annual Meeting of New Champions – the Summer Davos. It is held annually in China bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, India, Russia, Mexico and Brazil. The Premier of China has delivered a plenary address at each annual meeting.
The foundation also acts as a think tank, publishing a wide range of reports, in particular, “Strategic Insight Teams” focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking.
In May 2020, the WEF and Prince Charles of Wales’s Sustainable Markets Initiative launched “The Great Reset” project, a five-point plan to enhance sustainable economic growth following the global recession caused by the COVID – 19 pandemic lockdowns. “The Great Reset” was to be the theme of the WEF’s Annual meeting in August 2021, which was cancelled because of Covid. According to forum founder Klaus Schwab, the intention of the project is to reconsider the meaning of capitalism and capital. While not abandoning capitalism, he proposes to change and possibly move on from some aspects of it including neoliberalism and free-market fundamentalism. The role of corporation, taxation, and more should be reconsidered. International cooperation and trade and the Fourth Industrial Revolution should be defended.
Source: World Economic Forum Wikipedia
The excepts for this epilogue are primarily from The Great Reset by Glenn Beck (2022). In it he posits that the WEF is composed of a group of globalist elites who are desirous of making sweeping changes globally both economically and socially. Importantly, the globe would be a soft-authoritarian situation controlled by a small group of elites, comprised of people from multi-national corporations, major banks, and government. That is relatively consistent with what I have also learned to date about the WEF, but that research is yet to commence in earnest.
Happy Learning,
Harley
Dear Friends and Family,
This will be one of the more provocative epilogues/segments of any recent series I have done. This is about the globalist World Economic Forum (WEF). Quite possibly the WEF is where America’s corporations are headed in concept and organization. This is only one look at the WEF. Based on what I learned in this epilogue, I will be conducting an entire series on the WEF in the future. The following is an introduction to the WEF from Wikipedia excerpts.
The World Economic Forum (WEF) is an international, non-governmental, lobbying organization based in Geneva, Switzerland. It was founded on January 24, 1971, by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as “improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.” [Note: The listing of companies can be found on the WEF website – it is impressive].
The Forum suggests that a globalized world is best managed by a self-selected coalition of multinational corporations, governments and civil society organizations which it expresses through initiatives like the “Great Reset” and the “Global Redesign.” It sees periods of global instability – such as the financial crisis and the COVID – 19 pandemic – as windows of opportunity to intensify its programmatic efforts.
The WEF is mostly known for its annual meeting at the end of January in Davos, Switzerland. The meeting brings together some 3,000 paying members and selected participants for up to five days to discuss global issues across 500 sessions. WEF is headquartered in Cologne, Switzerland, and has offices in New York, Beijing, and Tokyo plus the new Center for the Fourth Industrial Revolution in San Francisco.
It’s Board of Trustees totals 30 members of which eight are Americans. The Americans included Marc Benioff, Chair and Co-Chief Executive Officer of Salesforce; Laurence Fink, chairman and Chief Executive Officer of BlackRock; Orit Gadiesh, Chairman of Bain & Company; Al Gore, past Vice-President of the U.S. (1993 – 2001) and Chairman and Co-founder of Generation Investment Management; Yo-Yo Ma, Cellist; L. Rafael Reif, President of Massachusetts Institute of Technology; David Rubenstein, Co-Founder and Co-Chairman of Carlyle; and Julie Sweet, Chair and Chief Executive Officer of Accenture. Other dignitaries closely aligned with WEF include Bill Gates, John Kerry, and George Soros. Reportedly President Biden is a staunch supporter.
Some 3,000 individual participants joined the 2020 annual meeting in Davos. Countries with the most attendees include the United States (674 participants), the United Kingdom (270), Switzerland (159), Germany (137) and India (133). Among the attendees were heads of state or government, cabinet ministers, ambassadors, heads or senior officials of international organizations. Attending this annual meeting included: the prime minister of Finland, President of the European Commission, European Central Bank President, Huawei Technologies founder, Managing Director of the International Monetary Fund, George Soros and Donald Trump (president of the United States).
In 2007 the WEF established an Annual Meeting of New Champions – the Summer Davos. It is held annually in China bringing together 1,500 participants from what the foundation calls Global Growth Companies, primarily from rapidly growing emerging countries such as China, India, Russia, Mexico and Brazil. The Premier of China has delivered a plenary address at each annual meeting.
The foundation also acts as a think tank, publishing a wide range of reports, in particular, “Strategic Insight Teams” focus on producing reports of relevance in the fields of competitiveness, global risks, and scenario thinking.
In May 2020, the WEF and Prince Charles of Wales’s Sustainable Markets Initiative launched “The Great Reset” project, a five-point plan to enhance sustainable economic growth following the global recession caused by the COVID – 19 pandemic lockdowns. “The Great Reset” was to be the theme of the WEF’s Annual meeting in August 2021, which was cancelled because of Covid. According to forum founder Klaus Schwab, the intention of the project is to reconsider the meaning of capitalism and capital. While not abandoning capitalism, he proposes to change and possibly move on from some aspects of it including neoliberalism and free-market fundamentalism. The role of corporation, taxation, and more should be reconsidered. International cooperation and trade and the Fourth Industrial Revolution should be defended.
Source: World Economic Forum Wikipedia
The excepts for this epilogue are primarily from The Great Reset by Glenn Beck (2022). In it he posits that the WEF is composed of a group of globalist elites who are desirous of making sweeping changes globally both economically and socially. Importantly, the globe would be a soft-authoritarian situation controlled by a small group of elites, comprised of people from multi-national corporations, major banks, and government. That is relatively consistent with what I have also learned to date about the WEF, but that research is yet to commence in earnest.
Happy Learning,
Harley
GLOBALISM EPILOGUES – EPILOGUE 3
WORLD ECONOMIC FORUM (WEF): THE GREAT RESET -- EXCERPTS
THE WEF GREAT RESET OPPORTUNITY AND INITIATIVE: There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID – 19 crisis. To improve the state of the world the World Economic Forum is starting the Great Reset initiative. The Covid-19 crisis and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context of decision making. The inconsistencies, inadequacies and contradictions of multiple systems – from health and financial to energy and education – are more exposed than even amidst a global context of concern for lives, livelihoods and the planet. Leaders are finding themselves at a historic crossroads, managing short-term pressures against medium-and-long-term consequences.
As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the directions of national economies, the priorities of society, the nature of business models and the management of a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to guild a new social contract that honors the dignity of every human being.
Source: The World Economic Forum website.
A BETTER KIND OF CAPITALISM PER KLAUS SCHWAB EXECUTIVE CHAIRMAN OF WEF: What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly. Generally speaking, we have three models to choose from.
NOTE: The excerpts for the rest of this segment are from The Great Reset by Glenn Beck (2022)
STAKEHOLDER CAPITALISM: Klaus Schwab, Founder and Executive Chairman of the WEF, has said that the Great Reset would “steer the market toward fairer outcomes, create the conditions for a ‘stakeholder economy,’ and implement long-overdue reforms that promote more equitable outcomes.” Schwab’s ideas require dramatically altering the global economy and empowering someone with the authority to redistribute wealth and power. A major component of the Great Reset is to “ensure that investments advance shared goals, such as equality and sustainability.” This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.
Rather than focus of profits, private property rights, supply, and demand from consumers – the cornerstones of free market economies – Schwab wants to develop a system based largely on ESG metrics, which is another, much more complex way of suggesting that companies should be rewarded for working toward achieving social justice goals, like fighting climate change, addressing racial inequality, etc.
There are several reasons to be alarmed. First, Schwab wants to reset capitalism and create a new system. Second, that new system would be focused on equality of outcomes – not equality under the law – a goal rejected by all market-based economies. And the “equality” Schwab wants isn’t just among people within a nation but between nations as well. The Great Reset is, without a doubt, an internationalist movement. Third, Schwab wants national governments and central banks to spend massive amounts of money – money they don’t have – to make his proposed changes. Schwab says this will “require stronger and more effective governments.”
Great Reset supporters make it abundantly clear that their plan for building a more “equitable” society requires large, government-funded socialist or progressive programs, the trillions of dollars in new spending, total destruction of the world’s existing energy system which would be paid for by increasing taxes on the wealthy and businesses, as well as through the printing of money by central banks like the Federal Reserve in the United States.
The “Stakeholder Economy”: Stakeholder capitalism is an economic system in which companies are effectively required to put social justice causes and/or the goals of the elites – before profits, supply and demand, the desires of customers, and other market forces that normally direct capitalist systems. Embracing stakeholder capitalism means they have to actively contribute to a more cohesive and sustainable world. They must focus on a “longer-term economic strategy” that is “anchored in addressing the Sustainable Development Goals (SDGs)” produced by the United Nations.” But in a stakeholder system, individuals are replaced by an elite group of wannabes in the ruling class. They dictate which products and services are produced and who ought to be hired to provide them to customers – not you, the individual.
Understanding ESG: The standards for corporations are divided into four “pillars”: Principles of Governance, Planet, People, and Prosperity. Many others are clearly designed to advance social justice causes favored mostly by those on the left. In the Principle of Governance pillar, WEF suggests that companies be scored based on the “membership of under-represented social groups” serving in a company’s governing body, as well as those leaders competencies relating to economic, environmental and social topics. In the Planet pillar, companies are evaluated based on their greenhouse gas emissions and their compliance with Paris Climate Accords. The People pillar is full of woke ideology, including an ESG measure for the “percentage of employees per employee category, by age group, gender, and other indicators of diversity (e.g., ethnicity),” as well as pro-labor union measure such as the “percentage of active workforces covered under collective bargaining agreements.”
The Big Three: The three largest stock index fund managers – BlackRock, Vanguard, and State Street Global Advisors – have quadrupled their average combined stake in S&P 500 companies over the past two decades. The ownership stake of the “Big Three” investment firms was 5.2% in 1998. In 2017, it was 20.5%. Even more important, the Big Three “collectively cast an average of about 25% of the votes at S&P 500 companies.” The consolidation of voting power is likely to get worse in the coming years. Bebchuk and Hirst believe “that the Big Three could well cast as much as 40% of the votes in S&P 500 companies within two decades.” If that were to occur, three Wall Street firms, working in conjunction with a relatively small group of other shareholders, could effectively control nearly all of corporate America.
Many of the largest asset managers are deeply involved in the ESG movement, and some have openly supported the Great Reset. For example, Laurence Fink, the CEO of BlackRock, is on the board of directors at the World Economic Forum and is a vocal proponent of the Reset.
Even more troubling, courts will likely do very little to stop ESG’s infringement of individual liberties, because ESG standards don’t necessarily need to be controlled by government directly. So whenever international elites wanted to manipulate society, silence political opponents, or engage in otherwise horrifying tyrannical behavior, all they would have to do under an ESG system would be to add another metric or two to the global ESG framework, and they could effectively nullify free speech, the right to keep and bear arms, or a number of other constitutionally protected rights. And this all could be accomplished without the consent of the American people.
THE GREAT RESET: President Biden is a staunch supporter of the Reset and fully committed to enacting its agenda, both the United States and around the world. President Biden’s role in this movement cannot be understated. Many of the most important figures tied to the Great Reset are American. And most of the large corporations, banks, and financial institutions that have backed the plan are also from the U.S. or have significant financial ties to the country.
The Great Reset is not really about helping the poor or saving the planet. It is about making the rich richer and expanding the power of the ruling class – goals that many elites have shared across cultures, historical eras, and geographies. The truth is, the fight against the Great Reset is not a struggle between liberals and conservatives; it is a fight between the ruling-class elites of Wall Street, Davos, and Washington, D.C. and everyone else.
MODERN MONETARY THEORY (MMT): Modern monetary theory might sound complicated, but it is actually very simple. According to MMT theorists, everyone should stop worrying so much about the national debt and deficits, because the U.S. government can print and spend as much money as it wants to in order to achieve the goals set by the federal government’s bureaucratic masterminds and political elite. MMT is appealing to many because of its potential to dramatically increase the power of government and fatten the pockets of the corporate class, not because it is supported by history or because of its academic merits. Under MMT, debt and deficits are nothing to fear They are encouraged.
Taxes: Under MMT, taxes serve a very different purpose. Instead of being used to raise revenues to pay for government spending programs, they function as tools that help government manage the economy more closely and as weapon to punish those businesses and groups that government does not like, for whatever reason.
THE GLOBAL PANDEMIC – A GOLDEN OPPORTUNITY: There are at least two reasons the pandemic has been so important for the Great Reset movement. First, it has given state and federal government officials in the U.S. more confidence than ever that they can enact radical, tyrannical, and even arbitrary mandates. Further, it shows not only that many Americans will go along with whatever their master’s in government tell them but also that they will work with government to help silence anyone who stands up against these actions.
Second, it is virtually impossible to convince people that the global economy needs to be torn down and replaced with a new system when unemployment for African Americans, Hispanics, women, and just about everyone else is historically low, retirement account values are soaring, and the economy seems poised to continue growing for years to come – and that’s exactly what was happening prior to the coronavirus pandemic.
After the government lockdowns, though, everything changed. The economy burned to the ground, which means there is a favorable set of circumstances for elites to rebuild it in an entirely new way. This is not a theory. The loudest and most prominent voices of the Great Reset have made it abundantly clear that the global pandemic has created an incredibly important, perhaps once-in-a-lifetime “opportunity” to change society and the world’s economy.
If Great Reset proponents can convince the world that the only chance the human race has of lasting – not just of enjoying economic equality, social justice, and other left-wing goals but of actual survival – is to put most of the global economic power in the hands of the ruling class. That’s why climate change is so important to understand.
CLIMATE CHANGE: THE CATALYST FOR A “NEW WORLD ORDER”: Climate change poses an existential threat to our lives, to our economy, and the threat is here. It’s not going to get any better. President Joe Biden, September 7, 2021.
If they really want to fool people into thinking the whole of humanity is staring down the barrel of a gun, they should adopt the following four-step guide utilized by radical environmentalists over the past half-century.
Step 1: Establish a Flexible Timeline: Do not tell people the disaster you are predicting is so imminent that they will see whether you are right in the near term, but also don’t make your soon-to-be crisis so far into the future that no one walking around today will live to see its effects.
Step 2: Propose Potential Solutions: Do not predict a disaster that cannot be “solved.” There is no point in convincing people life on earth is going to end if there’s nothing that can be done about it, because even if you convince everyone that are doomed, all they can do is hope you are wrong.
Step 3: Create a “Consensus”: Find real scientists who support some part of your claim, and then pretend that they support all of it. Do not worry about getting caught in a lie; most people won’t bother to check the scientific literature to see if what you have been saying is true. Also, if possible, track down dishonest “scientists” who will back your claim in exchange for funding.
Step 4: Constantly Shift Your Predictions: Before it becomes apparent to everyone that your first prediction is wildly incorrect, make a new prediction and then repeat steps 1, 2, and 3.
The constant false drumbeat that because of global warming, human life could soon be wiped out – the meaning of “existential threat” – has deeply impacted an entire generation of young people worldwide, including in the United States. This has opened the door to the radical changes to society and the global economy that supporters of the Great Reset are now calling for. Without the widespread fear of climate change and its impacts, shifting economic and social power into the hands of elites would be considerably more difficult under the Great Reset’s framework.
SUMMATION: The Great Reset is a machine manufactured to usher in a new, highly sophisticated, technologically advanced 21st century brand of international fascism, one with a corporate twist. But powerful machines like the Great Reset cannot operate without fuel. That is what modern monetary theory provides, by offering seemingly endless amounts of money that could be used to pay for just about anything government, corporations, and financial institutions can dream up. COVID – 19 created the conditions for the machine’s existence. Without an urgent global crisis that could normalize MMT and burn down well-established economic and societal norms, the world would never have allowed the Great Reset to emerge as a viable option.
But as important as COVID – 19 has been for the Great Reset, it is climate change that provides the key long-term justification for a far-reaching sustained transformation of society. Without a decades-long “existential crisis” for governments and business leaders to rally around, the coronavirus would be nothing more than a fleeting public policy challenge – a large one, no doubt, but temporary and thus not useful for the sort of grand structural changes dreamed up by the Great Reset’s leaders. It is climate change policies, fueled by modern monetary theory, that ultimately provide the foundation upon which can be built the “new world order.”
Source: The Great Reset by Glenn Beck with Justin Haskins (2022)
The unabbreviated version of the above can be found in the pdf document below.
WORLD ECONOMIC FORUM (WEF): THE GREAT RESET -- EXCERPTS
THE WEF GREAT RESET OPPORTUNITY AND INITIATIVE: There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID – 19 crisis. To improve the state of the world the World Economic Forum is starting the Great Reset initiative. The Covid-19 crisis and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context of decision making. The inconsistencies, inadequacies and contradictions of multiple systems – from health and financial to energy and education – are more exposed than even amidst a global context of concern for lives, livelihoods and the planet. Leaders are finding themselves at a historic crossroads, managing short-term pressures against medium-and-long-term consequences.
As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the directions of national economies, the priorities of society, the nature of business models and the management of a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to guild a new social contract that honors the dignity of every human being.
Source: The World Economic Forum website.
A BETTER KIND OF CAPITALISM PER KLAUS SCHWAB EXECUTIVE CHAIRMAN OF WEF: What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly. Generally speaking, we have three models to choose from.
- The first is “shareholder capitalism,” embraced by most Western corporations, which holds that a corporation’s primary goal should be to maximize profits.
- The second model is “state capitalism,” which entrusts the government with setting the direction of the economy and has risen to prominence in many emerging markets, not least China.
- But, compared to these two options, the third has the most to recommend it. “Stakeholder capitalism,” a model I first proposed a half-century ago, positions private corporations as trustees of society, and is clearly the best responses to today’s social and environmental challenges.
NOTE: The excerpts for the rest of this segment are from The Great Reset by Glenn Beck (2022)
STAKEHOLDER CAPITALISM: Klaus Schwab, Founder and Executive Chairman of the WEF, has said that the Great Reset would “steer the market toward fairer outcomes, create the conditions for a ‘stakeholder economy,’ and implement long-overdue reforms that promote more equitable outcomes.” Schwab’s ideas require dramatically altering the global economy and empowering someone with the authority to redistribute wealth and power. A major component of the Great Reset is to “ensure that investments advance shared goals, such as equality and sustainability.” This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.
Rather than focus of profits, private property rights, supply, and demand from consumers – the cornerstones of free market economies – Schwab wants to develop a system based largely on ESG metrics, which is another, much more complex way of suggesting that companies should be rewarded for working toward achieving social justice goals, like fighting climate change, addressing racial inequality, etc.
There are several reasons to be alarmed. First, Schwab wants to reset capitalism and create a new system. Second, that new system would be focused on equality of outcomes – not equality under the law – a goal rejected by all market-based economies. And the “equality” Schwab wants isn’t just among people within a nation but between nations as well. The Great Reset is, without a doubt, an internationalist movement. Third, Schwab wants national governments and central banks to spend massive amounts of money – money they don’t have – to make his proposed changes. Schwab says this will “require stronger and more effective governments.”
Great Reset supporters make it abundantly clear that their plan for building a more “equitable” society requires large, government-funded socialist or progressive programs, the trillions of dollars in new spending, total destruction of the world’s existing energy system which would be paid for by increasing taxes on the wealthy and businesses, as well as through the printing of money by central banks like the Federal Reserve in the United States.
The “Stakeholder Economy”: Stakeholder capitalism is an economic system in which companies are effectively required to put social justice causes and/or the goals of the elites – before profits, supply and demand, the desires of customers, and other market forces that normally direct capitalist systems. Embracing stakeholder capitalism means they have to actively contribute to a more cohesive and sustainable world. They must focus on a “longer-term economic strategy” that is “anchored in addressing the Sustainable Development Goals (SDGs)” produced by the United Nations.” But in a stakeholder system, individuals are replaced by an elite group of wannabes in the ruling class. They dictate which products and services are produced and who ought to be hired to provide them to customers – not you, the individual.
Understanding ESG: The standards for corporations are divided into four “pillars”: Principles of Governance, Planet, People, and Prosperity. Many others are clearly designed to advance social justice causes favored mostly by those on the left. In the Principle of Governance pillar, WEF suggests that companies be scored based on the “membership of under-represented social groups” serving in a company’s governing body, as well as those leaders competencies relating to economic, environmental and social topics. In the Planet pillar, companies are evaluated based on their greenhouse gas emissions and their compliance with Paris Climate Accords. The People pillar is full of woke ideology, including an ESG measure for the “percentage of employees per employee category, by age group, gender, and other indicators of diversity (e.g., ethnicity),” as well as pro-labor union measure such as the “percentage of active workforces covered under collective bargaining agreements.”
The Big Three: The three largest stock index fund managers – BlackRock, Vanguard, and State Street Global Advisors – have quadrupled their average combined stake in S&P 500 companies over the past two decades. The ownership stake of the “Big Three” investment firms was 5.2% in 1998. In 2017, it was 20.5%. Even more important, the Big Three “collectively cast an average of about 25% of the votes at S&P 500 companies.” The consolidation of voting power is likely to get worse in the coming years. Bebchuk and Hirst believe “that the Big Three could well cast as much as 40% of the votes in S&P 500 companies within two decades.” If that were to occur, three Wall Street firms, working in conjunction with a relatively small group of other shareholders, could effectively control nearly all of corporate America.
Many of the largest asset managers are deeply involved in the ESG movement, and some have openly supported the Great Reset. For example, Laurence Fink, the CEO of BlackRock, is on the board of directors at the World Economic Forum and is a vocal proponent of the Reset.
Even more troubling, courts will likely do very little to stop ESG’s infringement of individual liberties, because ESG standards don’t necessarily need to be controlled by government directly. So whenever international elites wanted to manipulate society, silence political opponents, or engage in otherwise horrifying tyrannical behavior, all they would have to do under an ESG system would be to add another metric or two to the global ESG framework, and they could effectively nullify free speech, the right to keep and bear arms, or a number of other constitutionally protected rights. And this all could be accomplished without the consent of the American people.
THE GREAT RESET: President Biden is a staunch supporter of the Reset and fully committed to enacting its agenda, both the United States and around the world. President Biden’s role in this movement cannot be understated. Many of the most important figures tied to the Great Reset are American. And most of the large corporations, banks, and financial institutions that have backed the plan are also from the U.S. or have significant financial ties to the country.
The Great Reset is not really about helping the poor or saving the planet. It is about making the rich richer and expanding the power of the ruling class – goals that many elites have shared across cultures, historical eras, and geographies. The truth is, the fight against the Great Reset is not a struggle between liberals and conservatives; it is a fight between the ruling-class elites of Wall Street, Davos, and Washington, D.C. and everyone else.
MODERN MONETARY THEORY (MMT): Modern monetary theory might sound complicated, but it is actually very simple. According to MMT theorists, everyone should stop worrying so much about the national debt and deficits, because the U.S. government can print and spend as much money as it wants to in order to achieve the goals set by the federal government’s bureaucratic masterminds and political elite. MMT is appealing to many because of its potential to dramatically increase the power of government and fatten the pockets of the corporate class, not because it is supported by history or because of its academic merits. Under MMT, debt and deficits are nothing to fear They are encouraged.
Taxes: Under MMT, taxes serve a very different purpose. Instead of being used to raise revenues to pay for government spending programs, they function as tools that help government manage the economy more closely and as weapon to punish those businesses and groups that government does not like, for whatever reason.
THE GLOBAL PANDEMIC – A GOLDEN OPPORTUNITY: There are at least two reasons the pandemic has been so important for the Great Reset movement. First, it has given state and federal government officials in the U.S. more confidence than ever that they can enact radical, tyrannical, and even arbitrary mandates. Further, it shows not only that many Americans will go along with whatever their master’s in government tell them but also that they will work with government to help silence anyone who stands up against these actions.
Second, it is virtually impossible to convince people that the global economy needs to be torn down and replaced with a new system when unemployment for African Americans, Hispanics, women, and just about everyone else is historically low, retirement account values are soaring, and the economy seems poised to continue growing for years to come – and that’s exactly what was happening prior to the coronavirus pandemic.
After the government lockdowns, though, everything changed. The economy burned to the ground, which means there is a favorable set of circumstances for elites to rebuild it in an entirely new way. This is not a theory. The loudest and most prominent voices of the Great Reset have made it abundantly clear that the global pandemic has created an incredibly important, perhaps once-in-a-lifetime “opportunity” to change society and the world’s economy.
If Great Reset proponents can convince the world that the only chance the human race has of lasting – not just of enjoying economic equality, social justice, and other left-wing goals but of actual survival – is to put most of the global economic power in the hands of the ruling class. That’s why climate change is so important to understand.
CLIMATE CHANGE: THE CATALYST FOR A “NEW WORLD ORDER”: Climate change poses an existential threat to our lives, to our economy, and the threat is here. It’s not going to get any better. President Joe Biden, September 7, 2021.
If they really want to fool people into thinking the whole of humanity is staring down the barrel of a gun, they should adopt the following four-step guide utilized by radical environmentalists over the past half-century.
Step 1: Establish a Flexible Timeline: Do not tell people the disaster you are predicting is so imminent that they will see whether you are right in the near term, but also don’t make your soon-to-be crisis so far into the future that no one walking around today will live to see its effects.
Step 2: Propose Potential Solutions: Do not predict a disaster that cannot be “solved.” There is no point in convincing people life on earth is going to end if there’s nothing that can be done about it, because even if you convince everyone that are doomed, all they can do is hope you are wrong.
Step 3: Create a “Consensus”: Find real scientists who support some part of your claim, and then pretend that they support all of it. Do not worry about getting caught in a lie; most people won’t bother to check the scientific literature to see if what you have been saying is true. Also, if possible, track down dishonest “scientists” who will back your claim in exchange for funding.
Step 4: Constantly Shift Your Predictions: Before it becomes apparent to everyone that your first prediction is wildly incorrect, make a new prediction and then repeat steps 1, 2, and 3.
The constant false drumbeat that because of global warming, human life could soon be wiped out – the meaning of “existential threat” – has deeply impacted an entire generation of young people worldwide, including in the United States. This has opened the door to the radical changes to society and the global economy that supporters of the Great Reset are now calling for. Without the widespread fear of climate change and its impacts, shifting economic and social power into the hands of elites would be considerably more difficult under the Great Reset’s framework.
SUMMATION: The Great Reset is a machine manufactured to usher in a new, highly sophisticated, technologically advanced 21st century brand of international fascism, one with a corporate twist. But powerful machines like the Great Reset cannot operate without fuel. That is what modern monetary theory provides, by offering seemingly endless amounts of money that could be used to pay for just about anything government, corporations, and financial institutions can dream up. COVID – 19 created the conditions for the machine’s existence. Without an urgent global crisis that could normalize MMT and burn down well-established economic and societal norms, the world would never have allowed the Great Reset to emerge as a viable option.
But as important as COVID – 19 has been for the Great Reset, it is climate change that provides the key long-term justification for a far-reaching sustained transformation of society. Without a decades-long “existential crisis” for governments and business leaders to rally around, the coronavirus would be nothing more than a fleeting public policy challenge – a large one, no doubt, but temporary and thus not useful for the sort of grand structural changes dreamed up by the Great Reset’s leaders. It is climate change policies, fueled by modern monetary theory, that ultimately provide the foundation upon which can be built the “new world order.”
Source: The Great Reset by Glenn Beck with Justin Haskins (2022)
The unabbreviated version of the above can be found in the pdf document below.
| glo2_e3l_wef_--_epilogue_3.pdf |