00:32:34.120No, I mentioned this here in the past.
00:32:36.500a lot of their stuff is public. They have private panels, but a lot of their panels are public. And
00:32:41.660I think we need to focus on what it is that they want to talk about. They're very proud of a lot
00:32:47.120of these things. They're very proud of this idea of championing so many of these discussions. I
00:32:53.260mean, just take a look at Klaus Schwab. This was the chairman and founder of WEF, who at the very
00:32:57.980beginning was talking about how what's happening there is going to alter the future, the course of
00:33:02.100human history let's also be clear the future is not just happening the future is built by us
00:33:13.940by a powerful community as you here in this room we have the means to improve the states of the
00:33:23.900But two conditions are necessary. The first one is that we act all as stakeholders of larger communities,
00:33:36.900that we serve not only our self-interests, but we serve the community.
00:33:42.900That's what we call stakeholder responsibility. And second, that we collaborate.
00:33:49.900And this is the reason why you find many opportunities here during the meeting to engage into very action and impact-oriented initiatives to make progress related to specific issues on the global agenda.
00:34:16.180And you have to wonder, I mean, the most charitable defense of this is that it's all bluster, is that it's all just phony and nonsense and that they're all just so pretending to be important and puffing their chest and all of that.
00:34:28.080That's like the most charitable defense, which is weird in and of itself.
00:35:07.160And this idea that Schwab indicated near the end there, stakeholder capitalism, that's what they call it.
00:35:15.300It's this idea that capitalism is no longer about shareholders.
00:35:18.620It's no longer about who owns the company.
00:35:20.280It's about companies and capitalists that have to be beholden to government interest, to community interest, to social interest, to UN interest.
00:35:28.200And it's about diluting this idea of property and this idea of capitalism.
00:35:33.400And one thing, I should have taken a picture of it.
00:35:36.760I didn't. But there are these things called Sustainable Development Goals, which are UN
00:35:41.080initiatives that are about like gender equality and education and sanitation and climate.
00:35:48.340And they're very big. And the SDGs are kind of like the backbone of government priorities.
00:35:52.540And also a lot of companies have signed on to SDGs. And there's an SDG logo, which is like a
00:35:58.280semicircle or a full circle with these little wedges that almost look like trivial pursuit
00:36:03.160pieces and they're all different colors each one representing one of the sdgs one of the
00:36:08.600sustainable development goals and you'd walk around and you'd see people wearing these sdg pins
00:36:14.360and you'd look at them and say well that uh oh that must be a un employee so you'd walk up to
00:36:18.520them and there was one guy i'm like oh this guy must be with the un and i walked up to him and
00:36:22.120it was brad smith who's the president of microsoft and then someone else is wearing a an sdg pin and
00:36:27.720you walk up and it's like oh it's the head of sales force and someone else is wearing an sdg
00:36:32.120pin and it's like someone else who runs some company. And you're like, why are these corporations
00:36:36.800and their leaders wearing United Nations pins? And it's because the line between public and
00:36:44.640private simply doesn't exist in Davos. Someone says here, do you think Klaus Schwab is the head
00:36:53.500of it all? No. Well, I mean, he's the head of the WEF, but no, I don't think he's sitting back
00:36:59.900back in the mountains of the Swiss Alps and pulling the strings on Canada or the UK or
00:37:06.180France or anything like that. And this is where I think going there was important because there
00:37:10.620needed to be this nuanced discussion about what was happening. I think the problem is you've got
00:37:15.260WEF is putting out this ideological framework that a lot of companies and countries want to buy into.
00:37:22.940And I think that when you have people like Justin Trudeau that love this agenda,
00:37:27.540that love these initiatives, it is dangerous.