What is the World Economic Forum?
Founded in 1971 by German economist Klaus Schwab, the World Economic Forum (WEF) is an unaccountable, non-governmental organization which convenes meetings of world leaders in Davos, Switzerland, with a view to impacting policy decisions on behalf of its members: predominantly multi-national corporations and politicians.
The group has been criticized for its stated aims of transforming or “resetting” global society for the benefit of private corporations rather than the public.
Schwab himself has argued governments are no longer "the overwhelmingly dominant actors on the world stage" and “the time has come for a new stakeholder paradigm of international governance.”
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