Klaus Schwab (WEF) bills five billion euros for 'charity' over twenty years.

Klaus Schwab (WEF) bills five billion euros for 'charity' over twenty years

Look, do you know what it is with that Klaus Schwab? His World Economic Forum (WEF) is the source of a lot of unusual ideas, and he also looks like a Ernst Blofeld (the villain in the James Bond films).

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Probably not much of that is true, unless you can prove it. On the other hand, there are the gullible sweethearts who believe that the WEF is a charity.

What is true? The Current Ratio has delved into the accounting of the last twenty years, why not.

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The WEF is known as a talk shop, with the annual conference in Davos. That is the first reaction you get when you ask people about it, as Schwab has been doing this since 1971.

That is why the WEF is also completely transparent, as there are livestreams of the discussions. Personally, I first heard of the WEF in 1992: in January of that year.

Nelson Mandela and F.W. de Klerk spoke to each other in Davos, which was broadcast on the news. How can you be against this?

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Besides this conference, the WEF does a little more, namely lobbying. The conference itself costs about forty million euros each year, an amount that has remained constant over twenty years when adjusted for inflation.

You simply call the same hotels and caterers every year, it's that simple. In the most recent year, these costs amount to only eight percent of the total revenue of nearly half a billion euros.

That means that 92 percent of that amount is spent on lobbying, and that is completely opaque. The WEF does send representatives to governments to get something done.

If you ask for minutes as a journalist, you simply won't get them. That's why we are introducing the Klaus transparency percentage: what portion of the revenue goes to the indeed public annual conference.

And which part goes to something else? That percentage has now decreased to eight percent. The WEF from the early 90s has completely transformed into something else, less nice.

Note well; in 2021 the percentage is missing because there was no conference at that time. All these figures come from the annual accounts of the WEF.

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If we add up all the costs from the past twenty years, it turns out that the WEF has sent a total of five billion euros in invoices to companies. Of that, only 770 million was related to organizing the conference.

The rest consists of 'memberships' and 'partnerships'. There is also direct funding, with companies donating fifty million a year without it being clear what they get in return. Additionally, there is a post labeled 'other' of now more than eighty million euros per year. With these kinds of figures, you can no longer describe this as charity; we are simply talking about a hardcore, very effective lobbying machine that doesn't even have to pay taxes. Look below at the Current Ratio to stay fully informed.

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The WEF is a major driver of the digital agenda, which is the subject of my latest book. Democracy on the brink buy it here, there is an e-book (digital, very convenient) and a printed book.

Would you like to make my digging possible? Go to BackMe, or buy my other book, The Euro Gospel: You can also express your appreciation for this article using the button below. Or just enjoy without doing anything. Enjoy watching!

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