NEVER LET A PANDEMIC GO TO WASTE. The Great Reset: If Only It Were Just a Conspiracy.

Fair enough, not least because the Great Reset is, in essence, corporatist, not communist. The participation of companies of the type that Sixsmith mentions is, in reality, the participation of certain members of their senior management, using shareholder funds for purposes that have nothing to do with the bottom line and everything to do with the wielding of power within a system akin to a concert, with the state — if not necessarily the government — acting as the conductor.

In the course of an article on the Great Reset I wrote last month, I described corporatism as:

[A] hydra-headed ideology with origins in the premodern, and a very mixed past — sometimes benignly (it influenced the formation of West Germany’s social market economy) and sometimes not (it was an important element in pre-war fascist theory.) The different forms corporatism has taken make it tricky to define with precision, but they share a common core: the conviction that society should be organized by and for its principal interest groups — let’s call them “stakeholders” — intermediated by, and ultimately subordinate to, the state. The individual does not get a look in.

Recently, one expression of corporatism, “stakeholder capitalism,” has won strong support on both sides of the Atlantic. This might be expected in Europe, but that it has been taken up by the Business Roundtable and many leading firms in the U.S. — allegedly a bastion of both free enterprise and democracy — is depressing. Looked at optimistically, the BRT and its C-suite cheerleaders are useful idiots. Looked at realistically, they are part of a managerial class grubbing for the power that flows from other people’s money.

Stakeholder capitalism rests on the notion that a company’s management owes a duty to more than its shareholders. It’s something that Klaus Schwab, the WEF’s founder and executive chairman, has been advocating for a long time. A key feature of the Great Reset is the idea that stakeholder capitalism should, one way or another, be adopted.

That would reduce a company’s shareholders to just another category of “stakeholder,” effectively transferring the power that capital should confer away from its owners and into the hands of those who administer it. They are then accountable to, well, it’s not quite clear whom. It’s not difficult to grasp why so many corporate bosses are enthused by stakeholder capitalism.

You may not be interested in the Gleichschaltung, but the Gleichschaltung is interested in you.

(Found via Kate of Small Dead Animals, who writes, “I’ll believe there’s no conspiracy when the people who say there’s no conspiracy stop acting like conspirators.”