Schwab promotes the merging of state and corporate power at Asian Summit

Schwab promotes the merging of state and corporate power at Asian Summit

Rhoda Wilson

Earlier this week, Klaus Schwab was given a platform at the ASEAN Summit, a meeting of Southeast Asian governments. He took the opportunity to promote the merging of state and corporate power.  Why was the head of a non-governmental organisation which represents private corporate interests even there?

Speaking at the ASEAN Summit on Tuesday, Schwab said that with the fusion of corporation and state, what he calls “public-private cooperation,” we would see a shift from “the era of capitalism to the era of talentism,” where innovation becomes the “key competitive factor.”  He had already explained that in merging the corporations and state, “governments still provide direction but business provides the innovative power.”

Schwab was littering the stage at the 2022 ASEAN Summit as well. As with this year, questions were raised then as to why an unelected leader of the World Economic Forum, a non-governmental organisation, is present among democratically elected officials.

Immediately after the 2022 ASEAN Summit, Schwab was cosying up to government officials once again at the Business 20 Summit (“B20”) in Bali.  This is the same B20 Summit where the Indonesian Health Minister, Budi Gunadi Sadikin, spoke about a global surveillance system for pathogens. “These pathogens need surveillance systems like when you are being attacked by aliens out of the country,” he said. 

B20 is the official forum for the Group of 20 (“G20”) dialogue with the global business community.  It is yet another organisation that is blurring the lines between public and private interests and pushing the world closer to the ideology of a world run by unelected businessmen.  This was the very world system Schwab envisioned in 2019.

The World Economic Forum, not national governments, has been the leading proponent of the Fourth Industrial Revolution.  Talking about who would command his dystopian Fourth Industrial Revolution during an interview with India Today, Klaus Schwab said he believed that it would be a system of stakeholder capitalism:

More...