Who is Klaus Schwab? The ‘Great Reset’ is no conspiracy theory

by WorldTribune Staff, January 12, 2022

The idea of a “Great Reset” can be traced back to 1971, when Klaus Schwab founded the European Management Forum, now known as the World Economic Forum (WEF).

Last year, Schwab and Thierry Malleret, co-founder and main author of the Monthly Barometer, published a book called “COVID-19: The Great Reset”. In the book, they define the Great Reset as a means of addressing the “weaknesses of capitalism” that were purportedly exposed by the Covid pandemic, Michael Rectenwald, Chief Academic Officer of American Scholars, said in a speech published last month by Hillsdale College’s Imprimis.

That said, conspiracy theories about the “Reset” abound including the widely-held assumption that it was to have begun with the election of Hillary Clinton as president in 2016.Thus, far from being a conspiracy theory, “The Great Reset is real,” according to Rectenwald.

Schwab had argued in a 1971 book “that the management of a modern enterprise must serve not only shareholders but all stakeholders to achieve long-term growth and prosperity.”

“All stakeholders” could mean the entire human race or it could refer to those deemed worthy, i.e., the elite members of what comedian George Carlin referred to as the “Club.”

In an often-quoted monologue, Carlin referred to a rigged system: “It’s a big club and you ain’t in it.”

Schwab and the WEF — an organization made up of the world’s political, economic, and cultural elites that meets annually in Davos, Switzerland — “have promoted the idea of stakeholder capitalism ever since. They can take credit for the stakeholder and public-private partnership rhetoric and policies embraced by governments, corporations, non-governmental organizations, and international governance bodies worldwide,” Rectenwald said.

Rectenwald, the author of numerous books, has taught at New York University, Duke University, North Carolina Central University, Carnegie Mellon University, and Case Western Reserve University.

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