by Ben Zeisloft, Daily Wire:

World Economic Forum Chair Klaus Schwab told elected officials and corporate leaders gathered at the organization’s annual conference in Davos, Switzerland, on Tuesday that the world’s present economic and geopolitical challenges are opportunities for “transformation.”

The organization is a leading proponent of stakeholder capitalism, an economic philosophy in which executives consider the needs of communities and other parties in addition to shareholders, as well as increased cooperation between public and private actors to chart the direction of mankind.