Implementing Stakeholder Capitalism (Option 1) The World Economic Forum (WEF) is dead on serious about moving from capitalism as it is known to stakeholder capitalism. How it has been done so far and what will be done is in this video, with Klaus Schwab himself participating. CNN is the host. ESG is the acronym for "investment approach that incorporates environmental, social, and corporate governance (ESG) criteria throughout the investment process". Biden has already ordered a review of the Labor Department's 2020 ruling on ESG investments. Admittedly, the host called stakeholder governance an "ideological framework" but is now going into action. Klaus announces 2021 will be a historical year for changing the philosophy of business moving to stakeholder capitalism, accelerated by Covid-19. Sixty one companies will announce their implementing the ESG metrics which is a painstaking assessment of risks in various ESG categories. Here is an example but later on the host states there are 21 "core" metrics and 34 "broader ones". Notice one category is human capital. Your pocketbook will pay for this, it won't cost businesses a dime. The purpose is to achieve the Agenda 2030 objectives. Next subject, the role of government. Hint, crony capitalism, or another word Public-Private Partnerships (P3). A member of the United Arab Emirates proclaims governments alone cannot accomplish the necessary tasks such as vaccinating the world, it will require a global government and must work the private sector and will have to reinvent themselves. A conversation ensued about how governments can help. A "new norm" is needed with possible "social unrest". "It is a triangle between government, company, and society", the government will need to change their policy. Klaus proclaimed that unless everyone is vaccinated, nobody will be safe. Hint, mandatory vaccinations and failure to comply will cost you economically and socially. Klaus brought up impact investment which "aims to generate specific beneficial social or environmental effects in addition to financial gains...The point of impact investing is to use money and investment capital for positive social results." He used the example of his daughter who won't buy from a company that does not follow these objectives. News flash Schwab, the reverse is true, boycotting stores that do have these objectives and that is already happening. Again, there was reinforcement of requiring businesses to be diverse and inclusive, those practices already invading many facets of organizations, including government. Five future trends corporations must adopt include the problem of reversed globalization over the last couple of years and Covid-19 "speed" up anti-globalization; trust in government is important so it must act fast and be flexible, "they can do what ever they want to do"; national data is very important to track Covid-19 (which means tracking us); governments need new models; and it is very important governments partner with the private sector. Uncertainty about all of this progressing was expressed, will have to monitor progress over the next year in meeting these requirements. Mention was made of the Rise Fund which is a "$2 billion global fund committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns." and the prediction was made that by 2022 there will be a huge increase in the number of companies that "sign up". How these metrics fit into the Sustainable Development Goals (Agenda 2030 SDG), will depend on the financial market, but the need to work faster to achieve this is necessary and should be a priority for regulators. According to Klaus, it is important to "shape the post corona era". This was already decided when Covid-19 was barely out of the gate. Businesses are already integrating the SDGs. Implementing Stakeholder Capitalism (Option 2) In this second video of implementation to destroy capitalism and institute a global takeover of all resources by calling it stakeholder capitalism, the Covid-19 virus is being used as justification to do it. Klaus Schwab starts out by even stating, "Stakeholder capitalism, a global economy that works for globalists, people, and the planet"! No hiding the truth of what is going on here. The purpose of this discussion is to define how this destruction it will be done. Already the IMF director can claim 2021 will be "brighter". How could she possibly know this, unless it is already rigged to go that way. Corporations will also be responsible for making the necessary transformations as described in Klaus's book. Nice way to get some advertising in for Klaus. This future will be green. Revitalizing global cooperation is also essential, and a divergence between rich and poor countries, that is, sharing the wealth, should be part of this. We are back to more money being sucked out of the United States, and off of you. Not enough attention was paid to being green in the first rounds of stimulus but this will change for the "climate economy", boosting growth and creating jobs. Now, there is some concern about "social backlash". Canada spent quite a bit of time talking about its commitment to a green economy, however, not all Canadians are real happy about the costs to them. One gentleman claimed that "business replaced government" as far as trust, based on the case for sustainability. References to Klaus as some sort of idol to worship are constantly made. Plugs for corporations doing so much to help during the pandemic was made. Of course they are going to help and continue to play their part, it results in massive profits for them, millions of dollars from governments has poured in as a result. Corporations didn't do this out of the good of its heart, it is a profit making machine from personal protective equipment to vaccines. WEF partners, such as Walmart, were allowed to stay open for that reason, while forcing the smaller retail stores to close, and why corporations have increased their worth, which has only widened the wealth gap that so many complain about. The Bank of America individual spilled out an astonishing statistic. He was talking about how everyone wants to implement the SDGs, and the cost is, drum roll, an astonishing "6 Trillion dollars a year". The only way to do this is by private companies, they are "driving it". And where will some of that money come from? Your pocketbook because the only items they will sell will be sustainable, there will be no other option. There it is, the U.S. government no longer represents citizens, corporations are in control of the narrative and making it happen. That is the essence of the Great Reset, corporate control. The end of the video was almost too nauseating to listen to, these individuals have no capability of seeing humans in any other way than as a number, GDP, wealth, no wealth. Decided for you, especially if female, is that you need the opportunity to open your own business, or start a career, ching, ching, ching. Right now, the plans are being laid to economically break you so you will own nothing, and be happy about it. If you don't own anything, then who owns everything?
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