Volume 11, Issue 2
Both claim moral superiority. Neither has chosen to address that which is necessary to achieve their purpose.
The WEF advocates that all citizens are stakeholders in economic infrastructure. Klaus Schwab, the founder and only Chairman, proffers that stockholders, employees, governments, and all citizens have an equal stake in the outcomes of corporate efficacy. Wages, benefits, healthcare, climate impact, and taxes are all part of a formula to measure the value index of economic social governance (ESG). Schwab believes that government laws and regulations must dictate the standards and outcomes of ESG because the people will never make proper decisions on their own to self-select those companies and products that meet his vision of the proper balance rendered in a comprehensive government-managed society.
His analysis that all components of the stakeholder equation are equal, including return on investment, ignores human nature, and denies individual pursuit of destiny. Distilled to its common denominator, his theory is that elites know better than an individual what will make him or her happy.
If Schwab’s “stakeholder capitalism theory” sounds strangely similar to European socialism, it is. At its founding in 1971, the World Economic Forum was originally established as the European Management Symposium (EMS). It was expanded to the WEF in name and concept when it was realized that Europe could not implement this theory of capitalism by itself. The cooperation and compliance of all sovereign governments in the world are necessary.
Interesting to think about. It’s as if the WEF, representing intellectual interest in Europe, is trying to reestablish colonial control of the world’s resources and societal structure through the subterfuge of colonial sovereign acquiescence.
The United States rejected colonial control in 1776. The world’s greatest economic experiment began with the faith in the premise that individual freedom was the energy that would drive economic prosperity. Governments exist to facilitate the free will of citizens in their individual pursuit of happiness. The people do, in fact, have the collective wisdom to self-select elected officials and corporate services that produce policy and products resulting in a prosperous and righteous society.
At this year’s WEF conference forum after forum was conducted setting out the concerns and conflicts facing society today. Few solutions were offered. No short-term remedies were presented. Most presenters represented developed countries or Fortune 500 companies. Much drama coursed through the events in reference to extreme weather and climate catastrophes. Yet, what has been noticed even by the international press is that the line of corporate jets parked at the Davos airport was a statement of elitist exemption at best, or ultimate hypocrisy at worst, in Forum leaders not being sensitive to environmentally friendly forms of travel.
Several corporate leaders and government treasury officials tempered their comments on the backdrop of inflation fears. In their recommendations for government spending and economic management to achieve climate change objectives, they failed to address that which is necessary to achieve their purpose. Government spending and regulatory control are root causes of inflation.
The United States Congress is a governing body that, unlike the WEF, does not need other governments to submit themselves to free enterprise capitalism. All America requires is for other sovereigns to allow U.S. companies to compete in their marketplaces. The United States did not become the largest economy in the world by accident. Freedom based upon individuals making their own choices will out compete socialism every time. In fact, in 6,000 years of recorded history, socialism has not only failed to compete, it has failed period.
Congress now seems determined to investigate the wrongs perpetrated against American society from foreign policy to personal inurement of elected officials. On the backdrop of inflation fears, Congressmen have relegated the discussion for an economic policy action to Federal Reserve and Treasury officials. Why? Because the current federal budget is still running at approximately a $1 trillion deficit. Government deficit spending exacerbates inflation. No one wants to be the first to recommend cuts.
Further, the U.S. dollar is the world’s primary currency for the buying and selling of strategic world commodities. It is secondary only in certain local economies. Deficit spending by the U.S. Congress does impact world inflation.
Free enterprise capitalism has demonstrated through the “Great American Experiment” that the more freedom allowed an individual to make their own economic choices in employment, in purchases, in education, and in family determinations, is the best government policy for economic prosperity. Stable prices and currency debt management are critical in facilitating economic freedom. Congress has not been willing to address that which is necessary to achieve their purpose.
The United States need not dictate conformity from other countries. America should lead by example and thereby attract followers by choice, not by demand. Nations pursuing socialism find poverty is an inexorable consequence. Citizens seek asylum and refuge in the country in their hemisphere that can provide the security of a better life for their family. By so doing they are instinctively seeking freedom and fleeing government management of their lives that leaves them without the opportunity of choosing their own destiny. Countries doubling down on totalitarianism should be held accountable for their transgressions trampling individual freedom.
The stalemate between Congress and the President in negotiations dealing with the debt limit necessitate both branches of government honestly facing that which is necessary to achieve their purpose. It is not enough to just saber-rattle on the platform of ceremony. True leadership demands that the people be given the truth about why government deficit spending cannot continue at these levels forever.
The WEF calls for a Great Reset to restructure the global economy into a one world managed system. The U.S. Congress is benign to the fact that the U.S. Federal Reserve is the world’s federal reserve. Socialism, communism, or totalitarianism can only exist if the United States abandons its moral principle of economic freedom allowing them to exist as the only regional alternative as the lesser of two evils. If the U.S. government would take steps to balance the federal budget, ultimately the world’s economic system would be better served and nations would choose freedom to be participants in the American Experiment.
In the coming battle of the Great Reset versus the Great Experiment, America must remain faithful to the God-given moral principle that individual freedom is the objective of the purpose.
My name is Marc Nuttle and this is what I believe.
What do you believe?