The World Economic Forum 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 cabal of ultra-rich tend to favor supposedly "progressive" policies that aim to stabilize our decaying capitalist order, much like how the Rockefeller family supported FDR's social-democratic policies to stabilize the US from the Great Depression. Examples of these policies are
It has become a boogeyman of the right-wing pro-capitalist petit bourgeoisie which complains about the ultra-rich for dominating the so-called "globalist" economic order. On the other hand, left-wing 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.