by Michael Nevradakis, Ph.D., Childrens Health Defense:

Klaus Schwab, founder and executive chairman of the WEF, will step down from his leadership role, according to Semafor. Meanwhile, a WEF spokesperson said the organization is “transforming from a convening platform to the leading global institution for public-private cooperation.”

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), will step down from his leadership role, according to Semafor.

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Schwab, 86, has headed the WEF since 1971. He reportedly announced his decision in an email sent today to staff. Semafor obtained the email.

At press time, there was no mention of Schwab’s decision to step down on the WEF website or social media accounts.

According to Semafor, Schwab will transition to a role as non-executive chairman, pending the Swiss government’s approval of the change, which is expected to become official by January 2025.

The WEF, based in Davos, Switzerland, hosts its annual meeting there each January.

WEF transitioning to global leader in public-private ‘cooperation’

Tim Hinchliffe, editor of The Sociable, told The Defender the change may still allow Schwab to exert considerable influence over the WEF.

“If the Semafor report is correct, Schwab will still be the non-executive chairman of the WEF, so he’ll probably remain influential behind the scenes within the organization while occasionally making public appearances,” Hinchliffe said.

In its report, Semafor cited a statement from a WEF spokesperson saying that the organization is “transforming from a convening platform to the leading global institution for public-private cooperation.”

Experts who have studied the WEF warned of the risks of such “public-private” partnerships, in remarks shared with The Defender.

Michael Rectenwald, Ph.D., author of “The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda” said that despite Schwab’s decision, “the globalist organization will continue in its role as the prime mover in establishing ‘stakeholder capitalism,’ replete with its ‘public-private partnerships’ that amount to a global fascist world order.”

Rectenwald added:

“Schwab is responsible for inaugurating the ‘stakeholder’ regime with the United Nations’ attendant ‘environmental, social and governance’ index that distorts markets and establishes a climate-change cartel to control all the world’s resources while reducing the standard of living for the vast majority and curtailing, if not eliminating their freedom.”

Along similar lines, Seamus Bruner, author of “Controligarchs: Exposing the Billionaire Class, their Secret Deals, and the Globalist Plot to Dominate Your Life,” and director of research at the Government Accountability Institute, said Schwab is a “figurehead for the most powerful globalist interests — the ‘controligarchs.’”

These “controligarchs,” said Bruner, “will continue plotting ways to dominate every aspect of our lives as their new figurehead rises.” Schwab’s shift “is not the transition that should concern us most.” Instead, “it is the WEF’s transition from a ‘convening platform’ to ‘the leading global institution for public-private cooperation.’”

“That means that the WEF plans to expand its influence over our governments’ policies while remaining unelected, opaque and therefore totally unaccountable.”

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