On Wednesday afternoon, Republican presidential candidate Vivek Ramaswamy announced the settlement of a lawsuit against the “globalist” World Economic Forum. The suit, settled for an undisclosed amount of money, came in response to the WEF’s creation of a “false perception” that Ramaswamy was affiliated with the organization ahead of his presidential bid.

Klaus Schwab, President and founder of the World Economic Forum delivers his opening speech at the World Economic Forum in Davos, Switzerland Tuesday, Jan. 17, 2023. The annual meeting of the World Economic Forum is taking place in Davos from Jan. 16 until Jan. 20, 2023. (AP Photo/Markus Schreiber)
Klaus Schwab, President and founder of the World Economic Forum. (AP Photo/Markus Schreiber)

The World Economic Forum, based in Geneva, Switzerland, bills itself as “the international organization for public-private cooperation.” The WEF “engages the foremost political, business, cultural and other leaders of society to shape global, regional, and industry agendas” according to the economic theory of stakeholder capitalism. According to its critics, however, the organization is a vehicle for extra-governmental oversight and the advancement of globalist policies.

Ramaswamy first filed the lawsuit in a Cincinnati, Ohio court in April, when the Switzerland-based nonprofit failed to remove his name from its 2021 list of Young Global Leaders. According to the WEF’s website, the Young Global Leaders list exists to “identify, select, and commemorate remarkable leaders under 40 who come from different communities and industries worldwide. These young leaders exemplify what we need most today: hope, empathy, authenticity, and the drive to develop solutions that can change the world for the better.”

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At the time, Ramaswamy declined the nomination and repeatedly requested that his name be removed from the list, citing a substantial values misalignment between himself and the WEF. Following the announcement that the WEF would be issuing an apology and removing his name from the list, the former biotech entrepreneur posted a video to X (formerly Twitter) to condemn the organization’s values and promote American sovereignty.

Ramaswamy, an outspoken critic of the WEF’s agenda even before his inclusion on the list, said in part: “I rejected their award. I declined it. I said that I deeply disagreed with the values of the World Economic Forum and that I wouldn’t be a good fit for inclusion. A few months later, I was told that my name showed up on their website anyway. I contacted them. I told them to take it down. They had the gall to still leave my name.”

“I wasn’t going to let them get away with that. And so what I did is I said that I’m going to stand up for what’s right,” he continued. “I wanted to demand that they would not only take down my affiliation with them and apologize for it, but also to make sure and commit that they would never try to do the same thing to anybody again.”

Ramaswamy also vowed to donate the full amount of the settlement to the WEF’s polar opposite, the America First Policy Institute, which exists to “advance policies that put the American people first.”

“I’m directing any payment I receive from this settlement straight to them, because this isn’t about me,” Ramaswamy said. “This is about this country and our future. And what we really need today is more leaders with a spine.”

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