grarpamp at gmail.com
Wed Jun 1 00:51:53 PDT 2022
World Economic Forum WEF at Davos...
The Coming Total Control Over Your Choices and Lives...
A Global ESG System Is Almost Here: We Should Be Worried
Day two of the World Economic Forum’s (WEF) Annual Meeting in Davos,
Switzerland, started off on a concerning note.
A sign of the World Economic Forum is seen in Davos, Switzerland, on
Jan. 20, 2017. (Fabrice Coffrini/AFP via Getty Images)
Some of the chief architects of environmental, social, and governance
(ESG) scores met during a session called “Global ESG for Global
Resilience,” and have clearly decided to double down on their
objective for a new global economic order that transcends national
borders and replaces free-market capitalism.
Destroying free-market capitalism in favor of a new “stakeholder”
model, in which global elites hold all the power, has been their
objective for years. A single ESG system gets them much closer to this
goal, and will be significantly more effective at eroding national
sovereignty, circumventing democratic processes, coercing companies
into compliance, and ultimately restricting individual choice.
Early in the session, Hong Kong Stock Exchange Chairman Laura Cha got
right to the point. She revealed, “In order for the [ESG] disclosures
to be meaningful, we need to have a harmonized standard. … It would be
very good in terms of the work that the ISSB [International
Sustainability Standards Board] is doing to bring about some
standardized global measures.”
The ISSB is a new standard-setting board developed for the sole
purpose of institutionalizing this global framework.
ISSB Chairman Emmanuel Faber confirmed that these efforts have begun:
“We just a week ago … we convened the first-ever working group of
jurisdictions on sustainability standard alignment …. And there was
China, Japan, [the] UK, [the] U.S., and [the] EU. … And that is just
He had earlier stated, “We can’t stay at the taxonomy levels of any
jurisdiction. Because they are linked to a certain political consensus
and they might be changing tomorrow. So, if you look at the long-term,
you need to go deeper than the taxonomies.”
Reading between the lines, Faber seems to be saying that he intends to
institutionalize a top-down system that will infiltrate all national
borders and be impervious to political decision-making, which would
render the idea of democracy impotent.
Much of the remainder of the conversation was an illuminating look at
the ways in which elites will threaten and coerce the world into
Bank of America Chairman and CEO Brian Moynihan didn’t waste any time,
immediately threatening companies to get in line. When asked if he
believed that the war in Ukraine and COVID-19 have set efforts to
expand ESG back, he responded, “No. … The reality is that operating
companies have made commitments, along multiple dimensions … you
can’t just say, ‘Oh, it’s inconvenient right now.’”
He added: “I don’t see there’s a way you can walk away from it,
because your customers won’t let you, your employees won’t let you,
and your shareholders shouldn’t, won’t let you. And, by the way,
society won’t let you.”
Gee, Brian, it really doesn’t sound like these companies are doing
this based upon free will.
Moynihan also committed to using the economic clout of his entire
organization, including the funds of his individual account holders,
saying, “200,000 people, a three trillion-dollar balance sheet, 60
billion in expenses; you start aiming that gun, and you take that
across all these companies, it is huge …. [The companies] delivering
on the metrics will get more capital, the ones that won’t will get
He even discussed his implementation of a training regimen for each of
his lending officers, educating them on how to talk to their clients
about the benefits of ESG-resilient companies.
Moynihan went on to discuss how Bank of America and other
organizations will make purchasing decisions related to their supply
chains that will be based on their net-zero commitments, all of which
will trickle down to businesses and consumers.
He warned customers to get on board: “What we’re trying to do is
educate those customers. The idea is: We’re going to stick with you,
but you have to start to think about this. … We’ve got to get the rest
of the world ready to go. … Don’t think this is other people’s
problems. This could become your problem.”
Brian, you’re manufacturing the “problem,” just like you’re
Unilever CEO Alan Jope echoed similar commitments to shutting off
supply valves for the rest of the world in favor of his objectives,
which, by the way, won’t help solve our current supply chain issues
and the related inflationary crisis.
He preached, “We’ve pledged to only do business with suppliers who
are, for example, paying their people properly a fair living wage …
who have made net-zero commitments, so we can take our impact into the
entire universe of people who work with our company.”
In one of the most concerning statements of the morning, Jope declared
that for this system to work, “It has to go from government and
regulators, into the capitalist system, big companies, small and
medium-sized entities; but actually, the ultimate democratization, the
ultimate way of moving markets is when the consumer is voting with her
First, the growing alliance between big government and big
business—with a little help from the media—carries substantial fascist
Second, the consumer you reference doesn’t have a free choice, Alan.
What you hope to do is akin to taking a popular candidate off an
electoral ballot—like they do in electoral autocracies such as
Russia—and forcing people to choose between limited options that are
unlikely to be their preference.
There’s a reason a natural market exists for these goods; there’s
consumer demand, which is in turn fulfilled by producers. These people
are trying to both fundamentally alter demand by changing consumer
preferences, while fundamentally altering supply by destroying
producers who don’t join their team.
Faber frames these efforts as “We are not going to say what’s good or
what’s bad. We are just providing the information for people to make
Simply put, that is a lie.
As has clearly been stated by members of this WEF panel, what these
elites are actually doing is steering investment away from companies
that don’t align with their vision for the world, and severing
relationships with companies—causing a trickle-down reduction in
choice for the rest of the market—that don’t get on board.
This isn’t about information; it’s about control, and power.
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