The World Economic Forum (WEF) is an imperialist think-tank which acts as the meeting place for the global monopoly corporations and the ultra-rich members of the bourgeoisie.
This group of wealthy and powerful individuals tends to favor "progressive" policies that aim to stabilize the decaying capitalist order, much like how the Rockefeller family supported FDR's social-democratic policies to stabilize the USA from the Great Depression. However, despite their rhetoric for 'stakeholder capitalism' over 'shareholder capitalism' (neoliberalism), not much has been accomplished in the way of 'reforming' capitalism because doing so would reduce capitalist profits.[1]
It has become a boogeyman for right-wing pro-capitalists who complain about the ultra-rich dominating the so-called 'globalist' economic order (a dog whistle often associated with anti-Semitic views).
On the other hand, Marxists recognize that global monopoly stage capitalism (imperialism) is simply an inevitable effect of the capitalist accumulation of capital, the solution of which is socialism.
- ↑ KLAUS SCHWAB (2020). COVID-19: THE GREAT RESET.