Stunning:
Elitists Are Planning on Taking Down Capitalism
by
Robert Wenzel
Economic
Policy Journal
Recently
by Robert Wenzel: Is
Ignorance Bliss?
This is very
serious. The elitist power grab is going right at the heart of capitalism.
Of course, they have always been for central control, with them
in control, but now they are calling out capitalism, directly. as
an inferior product.
On Friday,
I
attacked Larry Summers for blaming the current crisis on capitalism.
I thought he was a lone wolf attempting to see how far the anti-capitalist
agenda could be pushed. I was wrong.
It appears
Summers simply fired the first shot in a new aggressive move by
elitists to discredit capitalism outright. The elitists are gathering
in Davos, Switzerland right now for the 2012 World Economic Forum.
Check out
this horrifying report
from AFP on the Summit (my emphasis):
Economic
and political elites meeting this week at the Swiss resort of
Davos will be asked to urgently find ways to reform a capitalist
system that has been described as "outdated and crumbling."
"We
have a general morality gap, we are over-leveraged, we have
neglected to invest in the future, we have undermined social
coherence, and we are in danger of completely losing the confidence
of future generations," said Klaus Schwab, host and founder
of the annual World Economic Forum.
"Solving
problems in the context of outdated and crumbling models will
only dig us deeper into the hole.
"We
are in an era of profound change that urgently requires new
ways of thinking instead of more business-as-usual," the
73-year-old said, adding that "capitalism in its current
form, has no place in the world around us."
Some 1,600
economic and political leaders, including 40 heads of states
and governments, will be asked to come up with new ideas as
they converge at eastern Switzerland's chic ski station for
the 42nd edition of the five-day World Economic Forum which
opens Wednesday.
From a press
release on the Davos forum:
The
Davos Open Forum celebrates its 10th anniversary with a programme
including a top-level debate on the future of capitalism
As I
pointed out in my comment on Summers, capitalism has nothing
to do with the current crisis. It is the interventionist measures
(especially central banking) that have caused the current crisis.
These measure have distorted capitalism and yet these elitist
schemers, who are largely to blame for the crisis, have the chutzpah
to blame the crisis on capitalism and to call for more interventions
that will benefit no one but the elitist themselves.
Folks, it
looks like they are going for the BIG GRAB. Not good. Not good
at all.
Among those
expected to be in Davos are:
- IMF Managing
Director Christine Lagarde
- Greenpeace
Executive Director Kumi Naidoo
- World
Bank President Robert Zoellick
- Bill Gates
- UK Prime
Minister David Cameron
- U.S. Senator
John McCain (R-AZ)
- Nouriel
Roubini. Professor at Stern School, NYU, Chairman of Roubini
Global Economics
- Ehud Barak,
Deputy Prime Minister and Minister of Defence of Israel
- Gordon
Brown, Prime Minister of the United Kingdom (2007-2010)
- Jean-Claude
Trichet, President of the European Central Bank (2003-2011)
- Sheryl
Sandberg, Chief Operating Officer, Facebook
- Sean Parker
– Napster, Plaxo, Facebook, Causes, Spotify & Airtime
- Peter
Voser, Chief Executive Officer, Royal Dutch Shell
- Ed Miliband,
Leader, Labour Party, United Kingdom
- Paul Polman,
Chief Executive Officer ,Unilever
- Vikram
Pandit, Chief Executive Officer Citi
- Yasuchika
Hasegawa, President and Chief Executive Officer, Takeda Pharmaceutical
- Peter
Brabeck-Letmathe, Chairman of the Board, Nestlé, Switzerland
- Nabil
Elaraby,Secretary General of the League of Arab States.
- Bill Gross,
Founder of Technology Incubator Idealab
- Michael
Dell
- Xavier
Sala-i-Martin,Professor of Economics at Columbia University.
- Tony Blair
Office
- Congressman
Darrell Issa
- Raila
Amolo Odinga, Prime Minister of the Republic of Kenya.
- Neelie
Kroes Vice President of the European Commission, "responsible
for the Digital Agenda for Europe".
- Pete Cashmore,
CEO and Founder of Mashable.com.
- Joseph
E. Stiglitz
- Paul Allen
- Goodluck
Jonathan,President of the Federal Republic of Nigeria
- Michael
Porter, Bishop William Lawrence University Professor, Harvard
Business School. Director, Institute for Strategy and Competitiveness.
- Shadi
Hamid Director of Research at the Brookings Doha Center &
Fellow at the Saban Center for Middle East Policy at the Brookings
Institution.
- Bruno
Ferrari,Secretario de Economía de México
- Mabel
van Oranje, CEO of @TheElders. Co-chair of the European Council
on Foreign Relations
And apologist
reporters for the elitists:
- Tina Brown,
editor-in-chief of The Daily Beast and Newsweek.
- Andrew
Ross Sorkin New York Times Columnist & CNBC Squawk Box
- Maria
Bartiromo, Anchor CNBC Closing Bell
- Alan Murray,
Wall Street Journal Deputy Managing Editor and Executive Editor
Online
- Thomas
L. Friedman NY Times columnist
- Felix
Salmon, Reuters
- Henry
Blodget, Business Insider
Here are
the Strategic Partners of the Forum:
- ABB
- Abraaj
Capital
- Accel
Partners
- Accenture
- Adecco
Group
- Adobe
Systems Incorporated
- Aetna
- Agility
- Alcatel-Lucent
- Alcoa
- Apax
Partners
- ArcelorMittal
- AUDI
AG
- Bahrain
Economic Development Board
- Bahrain
Mumtalakat Holding Company
- Bain
& Company
- Bank
of America
- Barclays
- Basic
Element
- Bill
& Melinda Gates Foundation
- Bombardier
- Booz
& Company
- BP Plc
- BT
- Burda
Media
- CA Technologies
- Chevron
- Cisco
- Citi
- Clayton,
Dubilier & Rice, LLC
- Clifford
Chance
- Credit
Suisse
- Deloitte
- Deutsche
Bank
- Deutsche
Post DHL
- Dogus
Group
- DuPont
- Ernst
& Young
- Eskom
Holdings SOC Limited
- Fluor
Corporation
- GDF SUEZ
- GE
- Goldman
Sachs
- Google
- Hanwha
Group
- HCL Technologies
Ltd
- Heidrick
& Struggles
- Hewlett-Packard
Company
- HSBC
- Huawei
Technologies
- IHS
- Infosys
- Intel
Corporation
- JPMorgan
Chase & Co.
- KPMG
International
- Kudelski
Group
- Lenovo
- LUKOIL
- Mahindra
Satyam
- ManpowerGroup
- Marsh
& McLennan Companies (MMCo)
- McKinsey
& Company
- Merck
- METRO
GROUP
- Microsoft
Corporation
- Mitsubishi
Corporation
- Morgan
Stanley
- National
Bank of Kuwait
- Nestlé
- Nike
Inc.
- Nomura
Holdings
- Novartis
- NYSE
Euronext
- Omnicom
Group
- PepsiCo
- Prudential
- Publicis
Groupe
- PwC
- Qualcomm
- Reliance
Industries
- Renault-Nissan
Alliance
- Roland
Berger Strategy Consultants
- Saudi
Basic Industries Corporation (SABIC)
- Sberbank
- Siemens
- SK Group
- Standard
Chartered
- Swiss
International Air Lines
- Swiss
Re
- System
Capital Management
- Takeda
Pharmaceutical
- Tata
Consultancy Services
- The Boston
Consulting Group
- The Coca-Cola
Company
- The Dow
Chemical Company
- The NASDAQ
OMX Group
- The Olayan
Group
- Thomson
Reuters
- Troika
Dialog
- UBS
- Unilever
- VimpelCom
- Visa
Inc.
- Vision
3
- Volkswagen
AG
- VTB Bank
- Wipro
- WPP
- Zurich
Financial Services
Reprinted
with permission from Economic
Policy Journal.
January
24, 2012
©2012
Economic Policy Journal
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