that we look forward to reviewing every year is the Global Risks report that
is published by the World Economic Forum (WEF). The 2013 issue was released
earlier this year, in time for the big WEF Annual Meeting held in Davos
Switzerland in January.
another convention of economists? Not at all. We would be hard-pressed to
describe how influential this organization and its members have become
around the world. Originally founded by Klaus Schwab in 1971, this
organization has come to represent the absolute pinnacle of International
Man. Some 2500 leaders participate in this invitation-only event from over
are a global mover and shaker, you need to be invited to the Davos meetings.
It has become the highest recognition of what has popularly and also
derisively come to be called the Davos Man. It comprises a self-reinforcing
assembly of individuals thought to have something to contribute to “the
global agenda.” After all, the WEF’s stated mission is to “improve the state
of the world.” In a recent article, Mr. Schwab stated that “the need for
global cooperation has never been greater.”
significance is the fact that the WEF is financially supported by 1000
members. Who are they? All are companies, typically very large global firms.
The average revenue of these companies is in excess of $5 billion (therefore
collectively representing perhaps as much as 10% of world GDP). As we have
often documented, “transnational corporations” (also called multinational
corporations — MNC’s) as a group, are the most powerful economic (and, yes,
also geopolitical) force in the world. Their influence over governments and
global organizations is not to be underestimated.
not be surprised if even larger, more-powerful corporate entities were to
emerge in the future. Already today, the globe-spanning MNC is regarded as
more reliable and credit-worthy than most sovereign nations. Indeed, some
MNCs have more employees than many countries have populations.
the intent of our discussion of the WEF is not to examine the state of the
world’s economies or its companies but rather to focus on the “soul” (for
lack of a better term) of the WEF. In other words, we want to take a
Biblical worldview. Just what is the WEF “spirit” all about?
scientist Samuel P. Huntington some time ago coined the term “Davos Man.”
This was meant to characterize the typical attendee: an international
“business leader” without nationality…the elite globalist. This view is not
misplaced. The WEF indeed has become the pinnacle of Global Man…the
International Elite. We would even consider it to be the Mecca of the
Commercial Humanism…the present Global High Temple of Self-determinative
comments here are not meant to mock the activities of the WEF. We think that
many of its initiatives are worthy pursuits. Civil society, after all, is
charged to manage its affairs upon earth in a manner of stewardship and
justice. Dominion of the earth was given to man (Genesis 1:26, 28). As such,
mankind is in charge. Seeking to better manage societies, countries,
economies or foreign relations, in itself is not a bad thing. Where the
problems arise is when mankind chooses to do so without God.
most certainly gives very little thought to any imperatives of religious
faith of any kind. Its perspective is completely “materialist.” Its
definition of success is economic growth and more global cooperation.
definition of “risk” is predominantly measured in terms of economic impact
and financial loss. Risk to them is not so much the unknowing of the future,
but the possibility of events and developments that could cause economic
upsets in the future. All mention of religion in its policy statements and
research, with the exception of one we will yet review, is only in terms of
the myriad factors impacting the future outlook of the world mentioned in
the 80-page report, the main context in which religion was mentioned was in
the phrase “rising religious fanaticism.” Moreover, it is stated to have
been the concern only of “non-experts” that were involved in the completion
of the report. While this is not entirely surprising, one would have at
least expected mention of the growing influence of “geosectarianism” (the
rising role of religion in geopolitical affairs). The report therefore
assumes a subtly derisive stance with respect to religions.
assuredly, as would be expected with an organization sponsored by 1,000
leading companies from around the globe, the WEF is committed to the
increase of worldly wealth. Their control of massive economic resources
ensures that their voice is heard and that they and their corporations will
be rewarded in the future.
clearly represents the rich, powerful and elite of the world coming together
to determine the world’s future. In its collected wisdom, it purports to
provide the answers and solutions to mankind's continuing future progress.
warns of such conceits. “The rich are wise in their own eyes; one who is
poor and discerning sees how deluded they are” (Proverbs 28:11). “Woe to
those who are wise in their own eyes and clever in their own sight” (Isaiah
5:21). That mankind wishes to forge its own way is the spirit of the world
that has always existed. The only difference today is that this takes the
form of a global mankind which is unified in this self-determinative
objective. Powerful globe-spanning organizations such as the WEF are at work
(as well as others). In the case of the WEF, it perpetuates the common
interests of commerce for mankind.
several interesting snippets from the latest Global Risks report. Risks from
nature are said to be “X” factors. Since these factors are in the sphere of
“total chance” and “unpredictability” (or as Bible believers would view,
things completely under the dominion of God) they are called “X” factors.
One belief stated is that the development of superhuman cognitive abilities
(which, in their view, is “fast approaching the horizon of plausibility”)
could destabilize the world into factions — the cognitively-enhanced and the
the ponderous human intelligence supposedly behind this report, its
occasional banality is therefore all the more pronounced. Consider that the
report dedicates a section to the possibility of the discovery of alien
life. The report is optimistic that there is life elsewhere in the universe.
Quoting the report: “It will tell us that the origin of life is ‘easy’ —
that anyplace in the universe life can emerge, it will emerge. […] The
discovery of even simple life would […] challenge many assumptions which
underpin human philosophy and religion.” This is the only other mention of
religion in the report.
need be little doubt that the WEF represents worldliness and hubris at its
height. They seem to be sure that God is subject to having His assumptions
challenged. As such, it excels at representing the interests of the world of
see today is that the vernacular of commerce has become the common language
of a new Babel. Business leaders from more than 100 countries can get
together at venues such as the WEF to “talk shop” and fully understand each
other. It is one more indicator of the season of the world. Bible-believing
Christians will find this “sign of the times” yet one more confirmation.
states that there are two spheres — that of God and Mammon. These two
“economies” are in direct opposition. It is as two magnets with the same
poles that repel each other. The Kingdom of God has love as its common
currency. Why? Love is the only motivational system that is said to never
fail. “Love never fails” (1 Corinthians 13:8). Mammon, in contrast, has gain
and self-interest as its motivational system. Such things as the “love of
money,” profits and gain are its incentives.
Mammon and the Kingdom of God can never come together, it is true that
Christianity often teaches that Mammon and God can work hand in hand. We
have called this the final ecumenism where all the religions of the world
will agree that their paths and purposes all lead to prosperity on earth.
(In Christian circles, prosperity theology may likely be a step in that
Apostle John isolated the key motivations defining the world. “For
everything in the world—the lust of the flesh, the lust of the eyes, and the
pride of life—comes not from the Father but from the world” (1 John 2:16).
in more familiar terms, the world today is defined by the quest for fleshly
satiation and consumerism; power, influence and celebrity; and
self-determination which is the ability to determine what one will say and
do. If any one or more of these impulses has commanded our attention and
striving, we are not walking with the Lord. To do so is to be a devotee of
reality, according to the Bible, all the wealth of the world that goads the
ungodly to the competitive striving for wealth, power and self-determination
is only a fleeting distraction, not even offering the semblance of real
wealth. Jesus Christ said this: “If therefore ye have not been faithful in
the unrighteous mammon, who will commit to your trust the true riches” (Luke
the true riches? Only those which last eternally. In short, heavenly rewards
and eternal salvation. That is not to say that Christians cannot work in
business or commerce. However, they serve a different master. The Apostle
Paul lays out our objectives in this way: “Whatever you do, work at it with
all your heart, as working for the Lord, not for human masters, since you
know that you will receive an inheritance from the Lord as a reward. It is
the Lord Christ you are serving” (Colossians 3:23- 24).
world’s perspective, earth becomes the eternal home. Real riches are not to
be found in heaven. This same Jesus who said, “I tell you, use worldly
wealth to gain friends for yourselves, so that when it is gone, you will be
welcomed into eternal dwellings” (Luke 16:9) is not expected to return to
gather up His faithful. Instead of “using worldly wealth” to translate into
heavenly treasures, the stockpiling and hoarding of temporal wealth has
become the purpose of human life on the earth that shall pass away.
For resources on “endtime economics” and to subscribe to the free
newsletter, Eternal Value Review, visit Wilfred’s website
www.eternalvalue.com or contact him at:
About the Author:
Wilfred J. Hahn is a global economist/strategist. Formerly a top-ranked global analyst,
research director for a major Wall Street investment bank, and head of
Canada’s largest global investment operation, his writings focus on the
endtime roles of money, economics and globalization. He has been quoted
around the world and his writings reproduced in numerous other publications
and languages. His 2002 book The Endtime Money Snare: How to live free
accurately anticipated and prepared its readers for the Global Financial
Crisis. His newest book, Global Financial Apocalypse Prophesied:
Preserving true riches in an age of deception and trouble, looks further
into the future.