How would World Economic Forum initiatives affect Main St., USA?

Commentary by Kay B. Day

DAVOS,23JAN03 - Hilde Schwab (L) and Klaus Schwab (R), Founder and President, World Economic Forum, during the 'Annual Meeting 2003' of the World Economic Forum in Davos, Switzerland, January 23, 2003. [Copyright by World Economic Forum swiss-image.ch/photo by Remy Steinegger; used with permission.]The World Economic Forum founded by Klaus Schwab begins its 40th anniversary meeting on Wednesday in Davos, Switzerland. If Schwab and his ideological peers had their way, Main St., USA would feel a big bite in the wallet as well as the lifestyle. The WEF has policy statements from former U.S. president Bill Clinton, Queen Elizabeth and a number of other charity minded world politicos. The goal is to eradicate world poverty but that isn’t the problem. The problem is the method these politicos want to use to end poverty.

In an announcement about the forum, the WEF said, “The leaders support a refreshingly simple plan that will end poverty, protect the environment and allow developing countries to choose their own futures, unchained from onerous debt obligations and unbalanced trade policies.” The announcement also said those same world leaders “note the failures of a system that has been more intent on using poor countries as supply-houses for raw materials rather than bringing them out of poverty.”

Click to read more ...