• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Klaus Schwab’s Departure Could Herald New (Spontaneous) Global Order

by May 6, 2025
by May 6, 2025

Klaus Schwab’s retirement and subsequent fall from grace symbolize the tectonic shifts occurring in the current global order. Schwab’s life’s work was to build a globalist world order governed by international elites and the United Nations. He founded and ran the World Economic Forum (WEF) for decades to promote this vision of global governance for the good of the people of the world.

Schwab and his compatriots had grand ambitions to reshape the global order with a “Great Reset.” WEF’s annual conference in Davos was arguably the most prestigious gathering of global elites in the 2010s. Policy decisions, global priorities, international cooperation, and many initiatives flowed out of this gathering. The Davos gathering pushed Environmental, Social, and Governance (ESG) criteria around the world as part of Schwab’s vision to promote “stakeholder capitalism.” 

During the pandemic, the world saw the controlling totalitarian impulse behind Schwab’s globalist agenda for what it was. The public backlash post-COVID was severe. In 2022, the Davos conference started losing steam. In 2023 and 2024, cracks began to show. And by 2025, the Davos conference had largely become a joke. People around the world rejected their top-down global elitism. 

Schwab saw his dream of global stakeholder capitalism almost realized. Then he watched it collapse. But with Schwab out of the picture, and the global order he championed in ruins, what’s next? Trump’s success, which is emblematic of many right-wing populist movements around the world, was driven in part by renewed concerns for security and innovation.

The global elites were largely asleep at the wheel, or worse, complicit, in the stagnation of Europe and the aggressive expansion by China. In fact, the ESG movement, and the western environmental movement more broadly, tangled western countries in costly red tape while largely giving China a pass. “Nation-first” policy prioritizes domestic economic development and rapid innovation. Both improve a country’s strategic position internationally while also improving citizens’ standards of living.

Many populist nationalists don’t want any international “order” at all. But can nation-first really work without reference to the rest of the world? Populists sometimes demean the “rules-based international order” of the 1990s as a front for Davos-style elites to manipulate everyone else. This characterization, though largely unfair, has led to calls for “decoupling” from other countries in favor of nation-first agendas. 

Nation-first can be a good strategy, but it must understand the relevant rules of the game. In foreign policy, a more restrained and isolationist approach may be best – especially where zero-sum national interests are concerned. But assuming all international relations and interactions must be zero-sum is a grave error.

Most of our interactions with people, whether in our own country or internationally, are in the context of mutually beneficial exchange. Both parties are better off when they can make voluntary agreements and trade with one another. Doing so creates a complex spontaneous order, both within countries and between countries. While a revived interest in national identity and flourishing is a welcome antidote to the homogenizing cosmopolitanism of the rule by global elites, we should consider what the international landscape can look like.

A global order can be both spontaneous and organic. It can serve individuals through voluntary agreements and associations. While this kind of order does not require government planning or direction, it does require governments to exercise restraint and to limit their interventionism. Red tape, high taxes, subsidies, and all kinds of legal mandates can prevent healthy spontaneous order from forming.

An important negative example of lacking restraint is the European Union’s onerous supply chain and environmental regulations. These rules distort, and in some cases destroy, spontaneous order. They replace decentralized decision-making and plans with the coercive plans of global elites. The result has ranged from economic stagnation to protests to expensive and unreliable energy production.

Nationalists and populists should work aggressively to roll back these legal and regulatory means of control. And they are. But they should not create new barriers to global spontaneous order – whether through onerous tariff schemes, activist industrial policy, or special regulatory treatment for large domestic companies or industries.

A spontaneous global order emerges from the bottom-up, not the top-down. It develops through voluntary exchange and association rather than coercion. It is not subject to the whims, interests, or ideology of a few influential people like Klaus Schwab. Bottom-up voluntary action means that a spontaneous global order will be decentralized, adaptive, creative, and innovative.

Creating this order requires clear rules that apply equally across the board. These rules should be relatively straightforward and stable. We do not need hordes of bureaucrats or regulators to “manage” this new global order. Voluntary association also means freedom. The spontaneous global order that emerges from decentralized coordination will be an open, rather than a closed, system where new entrants are welcomed.

In a spontaneous global order, incumbents have limited ability to protect themselves from new competitors. New entrants who are smaller and nimbler will force continued innovation and improvement from established players. Rather than having legal and regulatory moats that protect entrenched interest groups, in a global spontaneous order everyone can pursue their own endeavors in the international arena. This free, open competition will unleash far more creativity, innovation, and organic solutions than the previous global elite, Klaus Schwab, and the WEF could have imagined.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Tariff Tension: Will US Shelves Be Empty By Late May?
next post
Do Government Schools Discriminate Against Religious Families?

Related Posts

Kavanaugh cites 3 presidents in explaining Supreme Court’s...

August 2, 2025

China’s growing nuclear arsenal aims to break US...

August 2, 2025

Trump ally Bukele’s party amends El Salvador constitution...

August 2, 2025

Trump endorses ‘MAGA warrior’ for RNC chairman after...

August 2, 2025

Trump repositions 2 nuclear submarines after ‘highly provocative’...

August 2, 2025

Trump moves nuclear submarines weeks after praising sub’s...

August 2, 2025

WATCH: Trump says he is hopeful Hillary Clinton...

August 2, 2025

Recess on ice as Republicans hunker down for...

August 2, 2025

Iran says it has ‘plenty of scientists’ left...

August 2, 2025

Cambodia to nominate Trump for Nobel Peace Prize...

August 2, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • BYD’s July sales stall, casting doubt on 2025 delivery target

    August 2, 2025
  • US stock plunge as jobs data disappoints and tariff tensions rise

    August 2, 2025
  • Moderna cuts 2025 revenue to $2.2B after UK booster delay

    August 2, 2025
  • Brazil antitrust watchdog probes Microsoft after Opera complaint over edge browser practices

    August 2, 2025
  • Reddit shares surge 20% on record profit and strong revenue outlook

    August 2, 2025
  • OpenAI raises $8.3B as AI demand grows: report

    August 2, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 7

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025

Categories

  • Economy (2,057)
  • Editor's Pick (203)
  • Investing (185)
  • Stock (1,371)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Physics Meets Finance: Theoretical Consequences of Man-Made...

May 27, 2025

Trump-backed bill to avert government shutdown passes...

March 12, 2025

US pulls team from ceasefire talks in...

July 25, 2025