Skip to main content

World Economic Forum ideas 'myopic', are driven by a fraudulent economic system

Klaus Schwab 
By Bhabani Shankar Nayak*
The pandemic has shaken up the neoliberalism as an economic project of capitalism. The economic architecture of neoliberalism based on austerity, liberalisation, privatisation, and globalisation has failed to provide basic dignity of life in terms of basic health, education, home and food security.
The rise of unemployment, hunger and homeless are the direct products of neoliberal economic policies followed by the states and governments around the world. The neoliberal capitalist reincarnations have failed to provide dignity even to the growing number of dead bodies in the disposable bags as a result of the Covid-19.
The master of neoliberal prophesies and their prophets like Klaus Schwab, founder and executive chairman of the World Economic Forum, argues for reevaluating the global economic system based on neoliberal ideology of free market fundamentalism, which led to the emergence of global corporate monopolies at the cost of eroded workers’ rights and economic securities of people.
Such criminal confessions from the shibboleths of neoliberal architecture of capitalist classes are part of the strategy to revive the legitimacy of a criminal economic and political system that took away dignity from human life and destroyed the planet in search of profit.
It has destabilised countries and pushed regions into war and conflicts in the name of spreading free market democracy; the other name of neo-colonialism, which manufactures inequalities in a global scale.
Schwab argues for sustainable development and green business for economic recovery for launching the ‘fourth industrial revolution’ with the help of technology and digitalisation and ensure our collective commitment to capitalism.
He further argues that social progress is the results of capitalist entrepreneurship, efficient allocation of resources by the market forces and risk-taking abilities of the capitalists. These arguments are not only factually incorrect but also based on myopia driven by an ideology of fraudulent economic system called capitalism. There is not an iota of truth in it.
The contradictory ideas of Schwab are not based on his ignorance or lack of knowledge. It is based on a long tradition of capitalist propaganda and its diversionary strategies. Deception is a crime but innate to capitalism as an economic, political, social and cultural system.
Capitalism produces social miseries, economic alienation and political marginalisation, which destroys all forms of social progress based on science and technology by forming alliance with reactionary religious and authoritarian forces.
Democratic deficit is part of the neoliberal free market economy that destroys the abilities of states and governments to pursue social and economic welfare of its citizens. His concerns for climate change and green economy is dubious as capitalism grows by destroying environment and exploiting people.
Therefore, human dignity, freedom, democracy and sustainable development is not concomitant with capitalism as an ideology of exploitation. The new kind of capitalism with human and green face is another propaganda to hide the inhuman character of capitalism in all its forms. The pragmatic steps of capitalism are in the dead end. Capitalism can never be resilient, cohesive and sustainable.
The World Economic Forum has designed set of “Stakeholder Capitalism Metrics” during its 2020 annual meeting in Davos. The core of these values is based on environmental and social governance. Governance indicates transparency, accountability and rule of law. The rule of law is designed by the ruling classes and make it compatible with the requirements of the capitalist classes.
Neoliberal economic policies and its austerity projects are dead but its political infrastructure is very much alive and thriving
Accountability and transparency are twin dangers to capitalism. Therefore, capitalism does not engage with any system that is accountable and transparent. But unfortunately, the entire model of neoliberal governance is designed to protect the shareholders of capitalism.
It is neither accountable to labour and environment that produces profit for capitalism. Sustainable values are an anathema to capitalism. It destroys everything that is sustainable.
The profit under capitalism is not based on creative destruction. It is based on absolute annihilation of all creative abilities if labour and nature. It requires repetitive labour, which works in compliance based regulatory regime. The dead capital is free but labour with life in bondages. It treats labour and nature as commodities.
The neoliberal economic policies and its austerity projects are dead but neoliberal political infrastructure is very much alive and thriving. The authoritarian and right-wing political regimes are growing and giving breathing space to capitalism at the cost of lives and environment.
Therefore, any form of economic reimagination of economic alternative needs to reimagine the political system. The alternative political economy in the post pandemic world needs to focus on the conditions of production, distribution and exchange relationships. The market can be based on the direct relationship between producers and consumers with the help of information technology. 
The fourth industrial revolution and its economic system need to follow the models of workers cooperatives based on human needs and desires concomitant with environmental sustainability. These principles are fundamental to the ‘Great Rest’ the post pandemic economy, politics and society.
The shared progress, peace, prosperity, human health and dignity and environmental sustainability depends on human abilities to overthrow capitalism and its rotten system. The survival of planet, people and prosperity depends on forward march humanity towards the ideals of equality, liberty, justice, fraternity in a world free from all forms of exploitation.
---
*Coventry University, UK

Comments

Unknown said…
Great article,minus a number of repeated grammar and typo issues that are distracting (ie wrong use of definite articles in front of uncountable nouns; typos, including "Great Rest" at the very end). That aside...

It dawned on me today that it's no coincidence, the way the WEF tested the "Great Reset" messaging in 2016, and then recently doubled down on it despite the expected overwhelmingly negative response it received. They're purposely tying an immensely unpopular and understandably scary Big Brother-esque message to socialism, as a way of indirectly countering growing calls for social reform rooted in the rising popularity of democratic socialist ideas. This nuanced propaganda technique represents a refined continuation of the usual deceptive neoliberal ideological rhetoric. These elites are extremely astute!

TRENDING

Tracing roots of Hindutva Zionism: cannon fodder for 'warped' nationalist pretensions

By Shamsul Islam*  Those who believe in a world free of hegemonic ethno-nationalism, racism, religious bigotry and hatred have rightly taken note of Zionism and its ally Christian Zionism, major perpetrators of ethnic cleansing of ‘Others’. However, the civilized world with its core belief in multi-culturalism and peaceful co-existence is oblivious to a no less dangerous threat to the present human civilization: the Hindutva Zionism. As the term reads it is part of the Hindutva world-view which stands for an exclusive Hindu India minus Muslims and Christians. The other religions like Sikhism, Buddhism, and Jainism will have no independent status but treated as part of Hinduism. The Rashtriya Swayamsevak Sangh (RSS; National Volunteer Organization) is the most prominent flag-bearer of the Hindutva politics whose cadres presently rule India, the largest democracy in the world. RSS was founded by Keshav Baliram Hedgewar (1889-1940) in 1925 who was disillusioned with the Indian freedom st

Regional parties, anti-Congress progressives, civil society groups 'joining' Bharat Jodo

By Harshavardhan Purandare, Sandeep Pandey*  The Congress party declared Bharat Chhodo (Quit India) movement against the British regime in 1942. The Congress party has now launched a movement Bharat Jodo (Connecting and Uniting India) against the Modi regime in 2022. Indian people have had a journey of 80 years since Mahatma Gandhi gave that Quit India call to the British and we have to agree that we stand most divided in our modern history when Rahul Gandhi is giving this Bharat Jodo call to the nation. And back then, Congress was a thriving idealistic political movement against the British rulers and now it is an ever weakening political organization electorally defeated several times. However, it is India at stake, not just the Congress party. That is why so many regional political parties, civil society organizations, traditional anti-Congress progressive forces like socialists and communists, intellectuals and civil servants have declared their support and are proactively partici

Shocking? No Covid vaccine trials conducted on pregnant, lactating women: RTI reply

By Rosamma Thomas*  A Right to Information applicant who sought details of safety trials conducted in India on pregnant and lactating women for three Covid vaccines in use in India – Covishield, Covaxin and ZyCov-D -- was shocked to learn from the Central Drugs Standard Control Organization (CDSCO) that Serum Institute, manufacturer of Covishield, and Cadila Healthcare, manufacturer of the ZyCov-D vaccine, had not sought permission for such trials.  Bharat Biotech, manufacturer of Covaxin, had sought permission for trial on pregnant women and later withdrawn its application. This response , provided after the applicant was initially unsatisfied with the response and went in appeal, is from the joint drugs controller, CDSCO. It was dated September 13, 2022. One researcher closely following the vaccine rollout, however, is of the opinion that the lack of a trial on pregnant and lactating women is a blessing; potential trial participants and their unborn babies thus escaped harm. Aruna Ro

'Blatant violation' of law by Central government in making NREGA payments

By Our Representative  In September third week, NREGA workers across the country were mobilised for two day so raise their issues and submit a memorandum to the Prime Minister. Organised the NREGA Sangharsh Morcha (NSM), a collective of groups that work with NREGA labourers across the country, workers from 13 states -- Andhra Pradesh, Bihar, Chhattisgarh, Gujarat, Haryana, Jharkhand, Karnataka, Madhya Pradesh, Odisha, Rajasthan, Telangana, Uttar Pradesh and West Bengal -- carried out Kaam Do Abhiyaan, staging demonstrations and rallies against what they called blatant violation of law by the Central government in making NREGA payments. While NREGA has had very positive impacts, it has lately become fruitless, exploiting labour, even though workers who have put in honest hard work have to wait for their wages endlessly, it was suggested.  In such a situation, there is a need to firm up NREGA implementation and end systematic corruption to ensure that workers get their basic NREGA entit

Grave error? Scholar blames ex-Gujarat babu for anti-Christian riots 'citing fake report'

By Rajiv Shah  A few days back, I received a message from one of the finest former Gujarat government bureaucrats, PG Ramrakhiani, a 1964 batch IAS official, who retired in November 2000. I would often interact with him in 1997-99, even later, after I was sent to Gandhinagar as a Times of India man to cover Sachivalaya. Those were turbulent times. Shankarsinh Vaghela was the Gujarat chief minister, under attack from two sides – from the BJP, which he had left to form a separate breakaway party, Rashtriya Janata Party (RJP), one one hand, and the Congress, which was supporting him from outside, on the other. Ramrakhiani, in his message, referred to the book authored by Ghanshyam Shah and Jan Breman, both top-notch scholars who have known Gujarat in and out. Called “Gujarat, Cradle and Harbinger of Identity Politics: India’s Injurious Frame of Communalism”, I reviewed the book in January 2022.  It claims that Muslims in Gujarat have been turned into “new untouchables”, thanks to the Hin

Rajasthan cops 'halt' Gujarat Dalit women's rally: homage to untouchability victim boy

By Our Representative  In a surprise move, the Rajasthan police stopped a Dalit women's rally from Gujarat on the borders after it crossed Gujarat alleging that it would "disturb peace" in village Surana, Jalore district, where the gruesome incident of death of a Dalit boy took place on August 13 after he was brutally beaten up by his teacher on touching the drinking water pot. Sources said, while the Gujarat government had "no objection" in allowing the rally, which originated from the Dalit Shakti Kendra (DSK), an empowerment-cut-technical institute for teens founded by human rights leader Martin Macwan, on September 24 morning, the Rajasthan police stopped it for two and a half hours before allowing it to proceed to Surana. The decision to take out a women's rally was taken at a DSK meeting on September 5 following a condolence meeting of the NGO Navsarjan Trust, also founded by Macwan, activists committed to work against caste-based discrimination, orga

Excess to cheetah in Kuno to increase 'woes' of local people, 'disturb' wildlife balance

Bharat Dogra*  The release of eight cheetahs into the Kuno National Park ( Madhya Pradesh) by Prime Minister Narendra Modi on September 17, although accompanied by a media blitz, has raised several questions. The animals were flown from Namibia to Gwalior and from there they were taken to the release site in a helicopter. Official sources have stated that this is the first time a large carnivorous species has been moved across continents for establishing a new population. This first release will be followed by others under this project. However, precisely for this reason, it is important to be cautious because if such translocations have been generally avoided in the past, there may have been reasons for this and at the same time we do not have much learning experiences from the past. The Cheetah became extinct in India in 1952, although this very fast moving animal is still remembered in the folklore of many areas. Hence the first impulse is to say that trying to introduce and revive

Introducing non-native cheetahs is 'not equivalent' to restoring pride in the nation

By Bappaditya Mukhopadhyay*  The Cheetahs from the African continent has finally been introduced to India by the Indian Prime Minister on his 72nd birthday. The process had started with the previous Government in 2009. However, the Supreme Court clearance was pending owing to the objection by the National Tiger Conservation Authority (NTCA) plea to reintroduce cheetahs. Finally the clearance was obtained in January 2020 and thereafter Kuno National Park (KNP) was chosen for the reintroduction of first set of Southeast African Cheetahs. In the near future, depending upon the success story of the current reintroduction, more cheetahs from South Africa may also be introduced. This exercise has generated a lot of interest among various stakeholders with opinions on both sides galore. It is important to pose some questions that surround the whole exercise. Let us evaluate some of these arguments. The first set of arguments are quite detached from the issues of conservation as they most

'Military diplomacy': US praises Bangladesh Army for leadership role in UN operations

By Kamal Uddin Mazumder* As the Indo-Pacific region represents the world’s economic and strategic center of gravity, the Indian Ocean today is becoming the centerpiece of all geo-strategic play. Cooperation in the region is crucial to implementing the international community’s global agenda, including achieving the UN’s Sustainable Development Goals. Major powers like the US have enhanced and deepened their strategic engagement and leadership roles with countries in the region. The Indo-Pacific Army Management Seminar, or IPAMS, is a U.S. Army Pacific (USARPAC) initiated conference that is aimed at facilitating and enhancing interactions among the armies of the Indo-Pacific region. This year's 46th Indo-Pacific Armies Management Seminar (IPAMS)-2022, co-hosted by the Bangladesh Army and US Army Pacific (USARPAC), concluded in Dhaka. The objective of IPAMS is to promote peace and stability in the region through mutual understanding, dialogue, and friendship. It is the largest confer

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".