Substack: It’s Time That U.S. Taxpayers Defund The Davos Sponsor – World Economic Forum
By Adam Andrzejewski
Davos. It’s a “playground” for the world’s billionaire business elite. Every year, like swans, the rich, pretty, and powerful people descend upon a picturesque ski town in Switzerland to mix with world leaders. They discuss shaping our future into a utopian global society.
For the first time since 2019, the 2022 Davos meeting will be in person beginning Sunday, May 22.
The host organization, World Economic Forum (WEF), founded by German economist Klaus Schwab, says it provides a platform for high-powered leaders to “shape global, regional and industry agendas.” It’s all pretty gauche, with heady thoughts about the world order. Much of this runs contrary to American values.
Attendees cough up $28,000 just for a ticket, with a coveted all-access badge fetching more like $50,000 – and that’s before attendees spend tens or hundreds of thousands on private air travel, ski chalets, and entertainment. Then, the event devolves into brazen networking among tycoons and public officials.
You probably didn’t even realize it, but you – the American taxpayer – helped fund the sponsoring organization with tens of millions of dollars in federal grants.
Since 2013, WEF received nearly $60 million from U.S. taxpayers. Our auditors at OpenTheBooks.com found that under the Trump Administration, the WEF received $33 million, which outpaced the $26 million in second-term Obama-era funding.
Why are American taxpayers funding this organization?...
So, how did WEF soak up nearly $60 million in U.S. taxpayer funding since 2013?
It was mostly through the State Department’s USAID; taxpayers paid $16 million to support the WEF Grow Africa program, which facilitated trade partnerships between agricultural businesses and African governments. Another $43 million went to WEF’s Global Alliance for Trade Facilitation program, to “boost competitiveness and business conditions, which are key drivers of inclusive economic growth and poverty reduction” in developing countries.
While we can debate the worthiness of those efforts, funding from the world’s greatest superpower only boosts the WEF’s credibility. In Davos, these Klaus-ocrats socialize with heads of state, diplomats and journalists. For example, the Great Reset discussions included IMF Director Kristalina Georgieva; Charles, Prince of Wales; and UN Secretary-General Antonio Guterres, among others. Presidents Trump and Obama both have attended meetings....
https://www.openthebooks.com/substack-its-time-that-us-taxpayers-defund-the-davos-sponsor--world-economic-forum/
Substack: It’s Time That U.S. Taxpayers Defund The Davos Sponsor – World Economic Forum
By Adam Andrzejewski
Davos. It’s a “playground” for the world’s billionaire business elite. Every year, like swans, the rich, pretty, and powerful people descend upon a picturesque ski town in Switzerland to mix with world leaders. They discuss shaping our future into a utopian global society.
For the first time since 2019, the 2022 Davos meeting will be in person beginning Sunday, May 22.
The host organization, World Economic Forum (WEF), founded by German economist Klaus Schwab, says it provides a platform for high-powered leaders to “shape global, regional and industry agendas.” It’s all pretty gauche, with heady thoughts about the world order. Much of this runs contrary to American values.
Attendees cough up $28,000 just for a ticket, with a coveted all-access badge fetching more like $50,000 – and that’s before attendees spend tens or hundreds of thousands on private air travel, ski chalets, and entertainment. Then, the event devolves into brazen networking among tycoons and public officials.
You probably didn’t even realize it, but you – the American taxpayer – helped fund the sponsoring organization with tens of millions of dollars in federal grants.
Since 2013, WEF received nearly $60 million from U.S. taxpayers. Our auditors at OpenTheBooks.com found that under the Trump Administration, the WEF received $33 million, which outpaced the $26 million in second-term Obama-era funding.
Why are American taxpayers funding this organization?...
So, how did WEF soak up nearly $60 million in U.S. taxpayer funding since 2013?
It was mostly through the State Department’s USAID; taxpayers paid $16 million to support the WEF Grow Africa program, which facilitated trade partnerships between agricultural businesses and African governments. Another $43 million went to WEF’s Global Alliance for Trade Facilitation program, to “boost competitiveness and business conditions, which are key drivers of inclusive economic growth and poverty reduction” in developing countries.
While we can debate the worthiness of those efforts, funding from the world’s greatest superpower only boosts the WEF’s credibility. In Davos, these Klaus-ocrats socialize with heads of state, diplomats and journalists. For example, the Great Reset discussions included IMF Director Kristalina Georgieva; Charles, Prince of Wales; and UN Secretary-General Antonio Guterres, among others. Presidents Trump and Obama both have attended meetings....