By Tyler Durden/Activist Post

“Talent and intellect are equally distributed, opportunity is not…”

This is the claim made by the World Economic Forum in a recent video describing their intention to create a more “democratized” stock market.

Obviously, the truth is the opposite; talent and intellect are not equally distributed, but every person is given the opportunity to take a shot and attempt to succeed.  Any democratized economic policy would seek to change all of that.

The WEF program seems to run parallel to the ESG-related woke ideology that has been spreading like a cancer into major corporations and Western governments. While promoting fairness in investing, the WEF addresses theory while ignoring practice. How would such fairness be achieved? What is the WEF definition of fairness?

If we go by the common ideological mantras of globalists and the political left, fairness for them means equality of outcome, not equality of opportunity.  There are no significant barriers to the average person buying stocks, but nearly half the population of countries like the US stay out of retail markets.  Why?  Is it a lack of “equity”, or is it something else?

The WEF addresses this issue without directly admitting the problem.  Trust is in fact the issue, and people distrust markets because they are openly rigged to a certain extent.  The WEF glances over this concern as if it is unjustified or requires more government intervention.  Yet, over a decade of government and central bank manipulation of markets is proof enough that certain corporations and certain financial mechanisms are protected while others are not.  At least, not until recently…

It’s interesting that the WEF is announcing its goal to make investing more democratic at the very moment that western banks are on the verge of an unprecedented credit crunch.  With the implosion of SVB, the buyout of Credit Suisse, the crash of First Republic and Signature, the financial system is fast approaching a reckoning.

U.S. corporate bankruptcies are rising in 2023, with the first two months of the year registering the highest total for any comparable period since 2011, according to S&P Global Market Intelligence data.  In other words, bankruptcies are on pace to hit a 12-year high.

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