Klaus Schwab Calls for Governments to ‘Merge’ with Unelected Corporate Elite

World Economic Forum (WEF) Chairman Klaus Schwab has called on governments around the world to begin merging with the unelected corporate elite to usher in his agenda to end “the era of capitalism.”

Schwab made the comments during an address at this week’s Association of Southeast Asian Nations (ASEAN) Summit.

The event is a meeting of Southeast Asian governments and their “partner” nations.

The WEF founder argues that governments must embrace his globalist organization’s allies and allow corporate power elites to begin forging public policy.

During his speech, Schwab took the opportunity to dictate his plans for the merging of state and corporate power.

However, the address from Schwab left many questioning why the head of a non-governmental organization, that represents private corporate interests, was even at the event.

The ASEAN has ten Member States and has established “dialogue partners” with many other countries.

The collective has “comprehensive partnerships” with Australia, India, and China.

The ASEAN has established partnerships with organizations such as the United Nations (UN) and UN Specialized Agencies.

The ASEAN Summit, which is held biannually, is the highest policy-making body in ASEAN.

The event comprises government leaders or the Heads of State of ASEAN Member States.

However, Schwab does not represent any country, let alone a nation in Southeast Asia.

Nevertheless, made an appearance at the latest Summit held in Indonesia and have a speech dictating his agenda to leaders of sovereign nations.

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The 43rd ASEAN Summit was held in Jakarta from 5 to 7 September 2023.

On its website, the Summit is described as “bilateral meetings between the leaders of the attending countries.”

Schwab, who represents large corporations, was apparently the only exception to this rule.

As Australian politician Craig Kelly tweeted yesterday: “Why is Klaus holding court at the current ASEAN summit in Indonesia?

“And why is Klaus also advocating for a merger of state and corporate power?”

Speaking at the summit, Schwab told government leaders that he is pushing, what he calls, “public-private cooperation.”

He continued by asserting that, with the fusion of corporation and state, we would see a shift from “the era of capitalism to the era of talentism.”

Schwab explains that under his system, corporate elites will craft policies for sovereign countries to ensure that innovation becomes the “key competitive factor.”

He had already declared that his plans for merging corporations and states will mean that “governments still provide direction but business provides the innovative power.”


Schwab also gave a key address at the 2022 ASEAN Summit.

As with this year, questions were raised then as to why an unelected leader of the WEF is dictating policy to democratically elected officials.

Immediately after the 2022 ASEAN Summit, Schwab was cozying up to government officials once again at the G20-linked Business 20 Summit (B20) in Bali, as Slay News reported last year.

During his B20 address, Schwab told world leaders attending the 2022 G20 Summit on what to expect as he ushers in his “Great Reset” agenda.

Schwab boasted to global leaders gathering for the summit that “the world will look differently” after his “Great Reset” agenda has been ushered in.

He referred to the completion of his plans as a “transition” that the world will “have gone through.”

“What we have to confront is a deep systemic and structural restructuring of our world,” German economist Schwab said.

“This will take some time and the world will look differently after we have gone through this transition process.”

During a previous interview with India Today, Schwab discussed who would command his dystopian Fourth Industrial Revolution.

 Klaus Schwab said he believed that it would be a system of stakeholder capitalism.

“I believe that state capitalism is the short term,” he said.

“In the short term, it provides certain advantages because you can mobilize, in a concentrated way, a lot of resources to reach a specific objective.

“But I believe that the future is not state capitalism or shareholder capitalism, the future is what I call stakeholder capitalism which is combined with the social responsibility.”

Schwab’s stakeholder capitalism system is one where companies seek long-term value creation instead of short-term profits and governments cooperate with them.

In other words, the unelected leaders of for-profit companies are in charge of society.

READ MORE: WEF Member Calls for 86% Reduction in World’s Population

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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