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The WEF’s Stakeholder Capitalism Is Just Global Fascism By Another Name

November 8, 2022

By Brandon Smith

The concept of “fascism” was originally entered into the Encyclopedia Italiana by Italian philosopher Giovanni Gentile, who stated that “Fascism should more appropriately be called corporatism because it is a merger of state and corporate power.” Benito Mussolini would later take credit for the quote as if he had written it himself, but it’s important to note because it outlines the primary purpose of the ideology rather than simply throwing the label around at people we don’t like as a dishonest means to undermine their legitimacy.

Despite the fact that leftists today often attack conservatives as “fascists” because of our desire to protect national boundaries and western heritage, the truth is that all fascism is deeply rooted in leftist philosophies and thinkers.

Mussolini was a long time socialist, a member of the party who greatly admired Karl Marx. He deviated from the socialists over their desire to remain neutral during WWI, and went on to champion a combination of socialism and nationalism, what we now know as fascism. Adolph Hitler was also a socialist and admirer of Karl Marx, much like Mussolini. It is actually hard to find where Marx, the communists and the fascists actually differ from each other – A deeper sense of nationalism seems to be one of the few points of contention.

Though Marx saw the existence of nation states as temporary to the proletariat and to the ruling class, he noted that the industrialists were erasing national boundaries anyway. Marx argues in the Communist Manifesto with some optimism:

“National differences and antagonisms between peoples are already tending to disappear more and more, owing to the development of the bourgeoisie, the growth of free trade and a world market, and the increasing uniformity of industrial processes and of corresponding conditions of life.”

Marx saw the development of corporate power as useful and the next necessary step towards socialism, noting that joint-stock companies (corporations) and the credit system are:

The abolition of the capitalist mode of production within the capitalist mode of production itself.”

In other words, corporations are viewed as a tool for the eventual transition to a socialist “Utopia” and the death of free markets. Once again, we see there is very little difference in motive between the political left and the fascists. The natural progression of every form of Marxism, communism, socialism, fascism etc. all ultimately lead to a kind of globalist ideology and erasure of cultural separation. The methods might differ slightly but the end result is the same. Some think this is a good thing, but it is actually quite poisonous.

Globalism requires an overarching social dynamic, a single hive mind, otherwise it cannot survive. If people have the ability to choose or create better options (or different options) for living then globalism loses significance. The existence of choice has to be erased. This is a behavior that the political left has fully embraced and they are more than happy to work hand-in-hand with corporate oligarchs to make their ideal system a reality. Long gone are the days of the anti-corporate progressive – They LOVE corporate dominance, but only if those companies promote and enforce leftist models for society.

Mussolini’s fascism is at the root of the very corporate governance that leftists applaud and lust after today. They have far more in common with fascists than they realize.

The new fascism is a re-branded philosophy best represented by something called “Stakeholder Capitalism.” It is a term often used by globalists at the World Economic Forum and the head of the WEF, Klaus Schwab. The media friendly definition of Stakeholder Capitalism is:

A form of capitalism in which companies do not only optimize short-term profits for shareholders, but seek long term value creation, by taking into account the needs of all their stakeholders, and society at large.

But who are “all stakeholders” in the opinion of the WEF?

Well, according to Klaus Schwab they are all of human civilization, now and in the future. In other words, the goal of SHC is for corporate leaders and globalist bureaucracy to take responsibility for the entire world, not just their own employees, shareholders and profits. And such leaders would not be acting as individuals, they would be acting as a collective. In other words, SHC requires all major corporations to act as a single unit with a single purpose and a unified collectivist ideology – An ideological monopoly.

As Klaus Schwab states:

The most important characteristic of the stakeholder model today is that the stakes of our system are now more clearly global. Economies, societies, and the environment are more closely linked to each other now than 50 years ago. The model we present here is therefore fundamentally global in nature, and the two primary stakeholders are as well.

…What was once seen as externalities in national economic policy making and individual corporate decision making will now need to be incorporated or internalized in the operations of every government, company, community, and individual. The planet is thus the center of the global economic system, and its health should be optimized in the decisions made by all other stakeholders.”

The SHC concept is deceptive on its very face because it pretends as if corporations will be held accountable by the public within some form of “business democracy,” as if the public will have a vote on what the corporations do. In reality, it will be corporations telling the public what is acceptable to think and do and corporations in conjunction with governments using their power to punish people who do not agree.

The great magic trick is that these same unified corporations use the shield of “private property” and business rights as a means to control society without repercussions. After all, a primary principle of conservatism and the US constitution is private property rights. So, stepping in to disrupt corporate governance would be violating one of our own beloved ideals. It sounds like a Catch-22, but it’s really not.

As mentioned above, corporations are at their very core a socialist concept: They are created through government charter, handed legal personhood and given special protections from government. They are NOT free market entities, and Adam Smith, the originator of most free market ideals, stood against corporations as destructive and prone to monopoly.

As long as they receive protections from government including monetary stimulus and bailouts, corporations should not enjoy the same private property protections as regular businesses do. They are parasitic creations, alien to the natural business world. In a freedom-based society they would be dismantled to prevent authoritarian outcomes.

Stakeholder Capitalism is also an incredibly arrogant premise because it assumes that corporate leaders have the wisdom or objective intelligence to expand their role beyond business and into social and political spheres. This has already happened in many respects with much chaos created, but open corporate governance is the end game and it is anything but objective or benevolent.

What are some examples of this kind of corporate/political governance (fascism) in action?

How about Big Tech social media censorship leaning HEAVILY against conservatives and liberty activists? How about evidence of collusion between Big Tech companies and government, such as the Biden Administration and the DHS working closely with Twitter and Facebook to actively remove voices and viewpoints they don’t like? How about corporate leaders colluding to destroy conservative based social media competitors like Parler?

How about ESG loans funded by corporate backers such as Blackrock or globalist non-profits like the Rockefeller Foundation?

If all corporate lenders applied ESG to their loan practices, all individuals and businesses would have to adopt leftist social ideologies and dubious environmental claims in order to have access to credit. ESG is a monetary incentive created by corporate elites to keep all other businesses in line. If it continues, ESG could wipe out political opposition to globalism in the span of a single generation.

And, what about the Council For Inclusive Capitalism? This is the most blatant expression of open global fascism I have ever seen, with money elites and politicians working in concert with the UN and even religious leaders like Pope Francis. Their goal is to institute a single centralized world governing platform built around the same agendas outlined in ESG and SHC, making corporations members of a new global council which they refer to as “The Guardians.” They aren’t even trying to hide the conspiracy anymore, it’s right out in the open.

Klaus Schwab takes special care to mention often that global crisis events are the “opportunity” that is needed to push the public into the arms of Stakeholder Capitalism through a nexus point called “The Great Reset.” Meaning, he thinks that widespread fear and desperation must exist (or be engineered) to perpetuate the SHC framework quickly.

Obviously, the globalists are on a shrinking timeline, though it’s hard to say why. They are tearing off the mask faster in the past two years than they have in the previous decade. More than likely they understand to some degree that if they go too slow the public will have time to mount a defense against them.

They will conjure all kinds of distractions and scapegoats to prevent liberty minded people from hitting them back. They’ll aim us at Russia, they’ll aim us at China, they’ll aim us at useful idiots among the leftists. They’ll aim Russia, China and the leftists at us. They will try to send us to war, they will call us insurrectionists, they will call us terrorists, they will say we started the whole collapse and that we are to blame for the world’s ills. None of this matters. What matters is that the globalists at the top pay the price for the harm they cause.

When the head of the snake is removed, only then can we sort out who is to blame; who were the heroes, who were the villains, and who were the idiots. Only then can we rebuild with true freedom in mind.



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Brandon Smith

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  • Avatar photo
    Brandon Smith November 8, 2022 at 6:22 am

    Comments should now be functional after our latest hacking incident. If you can’t leave a comment, contact me by email and let me know.

  • Steven Quinn November 8, 2022 at 6:24 am

    ‘Obviously, the globalists are on a shrinking timeline, though it’s hard to say why.” I can tell you why, but many wouldn’t believe it. They worship and are led by Satan, and know that Christ will be returning and they have only a short time to do Satan’s work of destroying souls and spreading misery before they’re all cast out into a lake of fire and brimstone. What I’m saying is that the globalists literally believe in this, and opposing God and serving the devil is their literal purpose and motivation for what they do.

  • Barry Bliss November 8, 2022 at 7:13 am

    Glad to see the site back up and running.
    I have an idea for the readers. If you are able, go to the donate button and donate a few dollars right now.
    A little something to show your appreciation, again, if able.
    PS—To the government: Donating to a website does not necessarily mean you agree with all of it’s content. In fact, it does not necessarily mean anything at all.

  • Greg B. November 8, 2022 at 9:46 am

    This is something those criticizing capitalism don’t seem to get. Corporations are products of government intervention, not capitalist greed. And that’s the only way they can exist. So they have it backwards when they claim that governments and politicians are bought off and influenced by corporations. Corporations operate at the pleasure of the state.

    • John B November 8, 2022 at 10:48 am

      Indeed – Capitalism does not exist, it requires sound money, the rule of law, and free markets…and we have not had any of those for a long time…Capitalism does get blamed for problems caused by socialism and Government-Government is by definition an inherently inefficient, wasteful, and coercive territorial monopolist of ultimate decisionmaking & violence…Governments and everyone on their payroll live off the loot stolen from other people. They lead a parasitic existence at the expense of a subdued and “host” populace… A main side effect of this all is that the “common man” gets to pay for/subsidize the mass of malinvestment and blatant theft that accumulates via this perverted system (to the Connected elites/keptocrats) via bailouts… our reward for obeying the last 100 years will be the coming CBDC Totalitarian nightmare now in its early stages of unfolding.

    • Phineas November 17, 2022 at 10:53 am

      Correct. They are formed and sustained directly by government decree. They are not separate from government. Also, no collective can own anything. The definition of private ownership is possession and control by a specific person. Corporations cannot own anything regardless of whether the state claims they are persons and forces us at gunpoint to accept it.
      Thus governments and corporations simply control access to property and prevent persons from obtaining property.

  • John B November 8, 2022 at 10:39 am

    ““higher oil prices are the lever for the “Reset… in regards to what’s transpiring behind
    the scenes geopolitically. I continue to believe that 2020 was an expertly designed Act 1 that got this economic/geopolitical bowling ball rolling. – J. Stein “ He continues: From the perspective of a citizen- gold/silver will compete with CBDC’s. Once CBDC’s are programmed, how and why will governments allow you to buy or sell your gold? And since higher oil prices are the lever for the “Reset”, might “black gold” pack a bigger punch? These are questions I ask myself and don’t necessarily know the answers to…”

    Personally, like many of you, I am not looking to leave with my Gold & Silver.…I would rather stay here and fight.

  • Gauntlet33 November 8, 2022 at 10:58 am

    Couldn’t bear to watch Benioff in that clip…so scripted that even he couldn’t believe what he was reading and saying.
    Also Brandon said, “corporations are at their very core a socialist concept: They are created through government charter, handed legal personhood and given special protections from government. They are NOT free market entities…”
    So true! TBTF corporations can commit crimes — are the corporations then dismantled? Are the CEOs who ordered those crimes put to jail? No and no. They get a slap on the wrist with a small fine and continue their fraudulent conduct. Business as usual. The “limited liability” that corporations currently enjoy should be abolished and decision-makers for criminal conduct should be held accountable.

  • Byron November 8, 2022 at 11:38 am

    Great article, Brandon. I especially appreciated the last few paragraphs. Thanks for always pointing out the distractions. Let’s stay focused on what matters.

  • Roundball Shaman November 8, 2022 at 1:38 pm

    “The concept of ‘fascism’… ‘Fascism should more appropriately be called corporatism because it is a merger of state and corporate power’.”
    Whatever one calls it or in whatever form it is rolled out… it always comes down to the rule over the Many by the Very Tiny Few to the detriment of the Many and the total benefit of The Very Few.
    This has never been beneficial to the grand human family and it never will be because the Very Tiny Few are always ruled by total selfishness and self-indulgence… the very worst kind of people to hold such resources and power.
    “Globalism requires an overarching social dynamic, a single hive mind, otherwise it cannot survive.”
    When people lose the ability to think… when they believe to think they are powerless… when they lose hope and ambition… they BEG for someone to ‘lead’ them and fit them into a great big group of fellow Cultists. And Globalism… more accurately described as ‘Ignoble-ism’… always stands at the ready to lead the helpless sheep to their date at the stockyards pen.
    “… corporations are at their very core a socialist concept…”
    Corporations at their heart are COWARDS. They want all the benefits of ‘Personhood’ without any of the responsibilities. Nice if you can get away with that kind of crap.
    “When the head of the snake is removed, only then can we sort out who is to blame…”
    When the Head of the Snake is removed… another one will quickly take its place. They are like insects. You can swat away one mosquito or hornet… but there are many others coming to bother you.
    We each have to conjure our own kind of Insect Spray to keep these eternal pests out of our houses and our futures. They are a defect in the default setting of Life… and they LIKE THAT.

  • Blackcat November 8, 2022 at 7:47 pm

    I voted for a top down government structure ruled by a public/private partnership, but didn’t actually participate in any real social responsibility. I bitch, moaned and complained about the results but never lifted anything but a finger to fill in my ballot. I defer to the experts because they are smarter than me, it comforts me to agree and I don’t have to think for myself. I support all the free stuff because I don’t have to really work for it, and inflation is just a “disinformation societal construct” its not really more expensive to exist.
    I am unconsciousness, locked in a cage, wondering through the maze with all my fellow humans and I worship my servitude.

  • Rodster November 8, 2022 at 9:08 pm

    Meanwhile on other websites like, people are all lathered up wanting the Republicans to save the day and CRUSH the mean and evil Demoncraps.

    You try and point out that the two party system is a failure and that both party’s are equally responsible for the mess we are in and they refuse to listen. I’ve been labeled a quitter and that I have given in to the evil and succumbed to hopelessness. Yet you try and tell them the Republicans have proven that just like the Democrats, they also can’t be trusted and they won’t listen.

  • AL November 8, 2022 at 9:47 pm

    The movie Brazil comes to mind. And we thought that was fiction. But as time goes on fiction slowly becomes reality. Don’t forget to fill out the 27B/6 form.

    On a serious note this is a fantastic post full of historical facts. Isn’t it interesting how Musk has no competition? Or Gates, Bezos and others from days gone by? That is because (my theory) is that they are really gov’t subcontractors posing as private businesses.

    Consider the fact that Obama shut down the space shuttle but now we have Musk doing sort of the same thing? A gov’t agency spending tax money must be accountable but Musk as a “private business” can do whatever he wants. And I’m pretty sure he got gov’t money too. The situation is just different and I’m sure completely legal.

    • Serge November 9, 2022 at 4:16 am

      @AL, I watched this movie as kid and i had not understood a lot of things.
      Now, it’s clear: “Brazil” was a dystopian movie about our post-modern era.
      Also, regarding “totalitarianism 3.0”, i suggest David Graeber’s book: “The Utopia of Rules: On Technology, Stupidity, and the Secret Joys of Bureaucracy” (2015). It is very relevant.

    • Chevrus November 9, 2022 at 5:03 pm

      Bonus for the Brazil reference ! You know they tried to ban that film before it Could be released…? Have not seen Gilliam’s most

  • Serge November 9, 2022 at 3:28 am

    The globalists do not have many options left – and they know.
    They seems in trouble and are making many mistakes.
    By the end, their hubris will bring them down.
    Last word: glad to have the site back up.

  • Dennis November 9, 2022 at 6:01 am

    “When the head of the snake is removed, only then can we sort out who is to blame; who were the heroes, who were the villains, and who were the idiots. Only then can we rebuild with true freedom in mind.” Very poetic.

    As long as TPTB keep us in a perpetual state within the 5 senses and we are too distracted to flow and guided by the infinite field of consciousness, we are going to experience lack. It’s the never ending divide and rule game.

    Thank you for this article Brandon, the cracks in the dam are visible and it is a matter of time too see this whole circus going down.

  • Todd Campbell November 9, 2022 at 6:53 am

    Well, the elephant in the room is the election. Demographics are destiny, and last night showed it. While the people who planned, supported and executed mass migration into the U.S. are crowing at how poorly the Republicans did last evening, this nation is 31 Trillion in debt and climbing. Printing and spending will continue unabated, as morals, crime and any sense of identity continue to spiral out of control. A new era of feudal landholdings and localized economies will have to appear out of necessity, as infrastructure and tenuous supply chains deteriorate and fail.

  • Nigel Gould November 9, 2022 at 9:26 am

    The Bank of England has basically pivoted. By promising to buy back unlimited gilts “if necessary”, they can now sell their gilt holdings, causing these sellings to be oversubscribed. But that’s only with this backstop.

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      Brandon Smith November 9, 2022 at 9:39 am

      No, there’s been no pivot, you are grasping at straws. Expenditures on gilts are a drop in the ocean of stimulus that would be needed to reverse course on BOE tightening, not to mention the actions of the BOE are irrelevant when compared with the QT influence of the Fed.

      • Bernhard Gordon November 10, 2022 at 4:57 pm

        When does the dollar collapse by your timeline?

        • spud November 19, 2022 at 10:31 am

          I believe the timeline is there’s to choose. It also depends on how well their latest set in their plan worked. For example, did they want 3% mortality with Covid or where they just using 3% as a scarce tactic. If they didn’t get the 3% mortality rate then they can get additional deaths with the jab and shortages from supply chain issues. The ruling elites seem to have unlimited money to do their schemes. They also have had their foundations since the turn of the century.

          • Avatar photo
            Brandon Smith November 19, 2022 at 11:35 am

            No, they are clearly in a rush – The timeline is not theirs to choose, it is ours. The closer they get to being fully exposed to the wider public the closer they are to facing consequences. Therefore, they have to move faster according to public sentiment. Beyond that, they have set in motion an economic crash which cannot be undone. You cannot solve a stagflationary crisis by printing money. There is no fix. Thus, their timeline is also dependent on the speed of the crash. They might be able to stall things a little, but they do not have the power to stop it.

  • Rodster November 9, 2022 at 10:47 am

    So ZeroHedge linked this article “Midterms Post-Mortem: Comprehending GOP’s Underwhelming Performance”.

    I don’t understand why anyone would be surprised? I’m not. The Republicans and Democrats have showed that they are two sides of the same coin, good cop vs bad cop, Spy vs Spy.

    So it basically boils down to, who do you hate the least?

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      Brandon Smith November 9, 2022 at 10:57 am

      I think that was the case ten years ago. Not so much anymore. Multiple red state leaders proved their value by defying the covid mandates and vax passports, and they deserve our respect. Without their opposition our nation would have fallen into complete tyranny and civil war two years ago. The false left/right paradigm is no longer a rule at the state level, it’s disappearing right along with the neocons. It’s time for liberty activists to give credit where credit is due.

      • Rodster November 9, 2022 at 11:11 am

        Correct but I was referring to the Federal level. Mitch McConnell to me is no different than Chuck Schumer. On the State level it is a different matter such as Governor Rick Desantis who I hope and pray doesn’t run for POTUS. He has stood up to the Woke crowd.

      • Steve November 14, 2022 at 12:59 pm

        There’s a difference between the DC establishment GOP and Republican governors and other state level leaders. It’s the McConnells, Grahams and McCarthy’s who need to be gotten rid of, not the DeSantises.

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          Brandon Smith November 14, 2022 at 6:52 pm

          I agree. That was my exact sentiment. So far DeSantis and other conservative state leaders have proven their value.

      • Greg B. November 15, 2022 at 10:55 am

        I’d add Greg Abbott to that list. Sure I’ve got my criticisms of him, like initially going along with the lockdowns at first, I think he’s done alright for Texas, like making us a constitutional carry state and overturning bans on carrying large knives and possession of brass knuckles. Plus he’s actually trying enforce immigration laws. In any case he’s far superior to Beto O’Rourke.

  • Bigio November 10, 2022 at 3:43 am

    Thanks for this excellent article (seen on ZH)

  • Atom man November 10, 2022 at 9:41 pm

    Hello Mr. Smith, it strikes me that we must have a new name for the “globalists” – they are actually “materialists”. There are claims some of them worship a demonic entity or that some of them are actually reptilian space aliens but I think they only worship themselves and their moment on the stage. They have no deep sense of right or wrong – they only seek to advance their position or station in life – at any price. These “materialists” have no real concern for others. Conservatives would not unnecessarily harm people of other races and religions as they feel there is a god or divine force at work in the Universe keeping tabs on their actions. Despite anything that they might say the materialists are functional atheists. In essence they only believe in themselves. You need not have been in Sunday school or practicing Buddhist meditation to know the Golden rule. They could argue that they are “saving the Earth” by reducing the human population (if those claims about this “vaccine” are true) but you can do that by providing better working conditions and better pay to “3rd world” men and women as they would have smaller families, instead of trying to kill off a bunch of them to increase your share of the wealth.

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      Brandon Smith November 11, 2022 at 8:42 am

      I think “globalists” works just fine, since a large portion of their “religion” is achieving global empire.

  • John Adams November 11, 2022 at 9:38 pm

    I believe one reason for the “shrinking timeline” is the debt crisis accelerating leading to a financial collapse that can’t be avoided. More debt coming due each year that needs to be refinanced at higher interest rates.

    The other reason is the Biden/democrats globalist puppets. Their fraudulent Inflation Reduction Act will do the opposite of its title. They are destroying our energy capability in the name of climate change. Everything they are doing is intended to destroy this country. I believe that the economic crisis is accelerating to the point that they need to keep the pushing division and hatred 24/7 so when it happens they will have a convenient scapegoat to blame for all of the problems the globalists are creating. An ultra maga patriots and Putin are the scapegoats. The Biden puppet’s attempt to destroy our fossil dependent economy and make it in to a green economy running on wind and solar is literally insane. I believe this green economy, green jobs fraud dystopia timeline is shorter than most people realize. They will continue to print money like crazy to do this and inflation will just keep increasing no matter what the Fed does. You can’t stop inflation by raising interest rate while the government is creating inflation by creating billions of dollars out of thin air.

    Fed interest rate hikes just made national debt a lot more expensive
    By my calculation, the Fed’s higher rates will increase the federal government’s interest costs by about $128 billion a year
    June 27, 2022 at 7:00 a.m. EDT

    …As of March 31, some $23.88 trillion of the national debt was “public debt” owned by investors, and another $6.52 trillion was “intragovernmental” debt owned primarily by federal trust funds.

    According to information the Treasury gave the Treasury Borrowing Advisory Committee — a group consisting of representatives from about a dozen financial institutions including Goldman Sachs, JPMorgan Chase and Vanguard — 29 percent of the public debt will have to be rolled over between this past March 31 and March 31, 2023. That works out to $6.93 trillion that will have to be refinanced by issuing new debt, which financial types call a debt rollover.

  • John B November 16, 2022 at 7:53 pm

    Carter-Baker Commission on Mail-in voting: ”Mail-in voting is a throwback to the dark old days of vote-buying & fraud..”
    Yes, THAT Carter…even knew absentee ballots were pure fraud!

  • Rodster November 17, 2022 at 6:29 am

    Here’s an article James Corbett posted regarding the one company that is taking over the world. It’s name is BlackRock.

    “How BlackRock Conquered the World — Part 1: A Brief History of BlackRock”

  • Serge November 20, 2022 at 11:01 am

    About G20 summit, here’s a relevant article by ZH:
    On the very strong possibility or imminence of Biden’s downfall and a possible new presidency, I would like to know what you think, Brandon.

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