The WEF is destined to fail because they keep making the same mistake: they believe they can control or eliminate the business cycle. For hundreds (if not a thousand) years they thought they could do this. That is what Marx formulated and John Maynard spent the first half of his life espousing (and the latter half rebelling against).

Schwab takes some technological trends and believes two things:

• he (and his ilk) can control it
• they can put a timeframe on it

Simply forecasting some established technological trends does not bring it to fruition. It is a windy road with many surprises, and disappointments. Remember how VR was going to become one of the main forms of communication? Another hype cycle now endured.

Let us not forget the Metaverse. As I stated a year ago, this is decades off because we lack technology such as powerful edge computing that is required to pull a Ready Player One type of experience off (unless we are going to be tied to our PCs).

Watch Europe. The EU is imploding and much of what is taking place is to cover the fact that the NY banks are NOT buying their debt. Nobody will touch it. They blew up their bond markets by going negatives which, coincidently, killed their pension funds (who did they think was the largest holders of government debt?).

Even those who aren't "conspiracy" minded are losing confidence in their mouthpieces such as the mainstream media. Twitter is showing how social media was equally on board. Hollywood is putting up record losses. Even many are questioning the medical community. Ironic that suddenly a bunch of people trust Big Pharma, an industry that outpaced even the bankers in fines they paid.

So times are going to get tough but, in the end, the writing is on the wall. Their total takeover is going to fail since it is based in the world of academia.