World Economic Forum Outlines Its ‘Great Reset’

In an article published Monday by the WEF, an impatient Schwab claims neo-liberalism is dead and with it traditional notions of economic capitalism.

In their place is a set of “Stakeholder Capitalism Metrics” the WEF says enables the world to progress under one set of overarching rules as drawn up by it, with “social justice” a key component of this brave new world.

This restructure of the way we do business is the new model for the “great reset” Schwab argues, adding he foresees the coronavirus crisis as too good an opportunity not to “re-evaluate sacred cows of the pre-pandemic system.”

He outlines his argument by pointing to just how serious the epidemic has been to the way we live now: Schwab writes:
Schwab believes that if the Chinese coronavirus crisis has shown us anything, it is “that governments, businesses, or civil-society groups acting alone cannot meet systemic global challenges.”

In their stead, the WEF says the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs.
We need to break down the siloes that keep these domains separate, he says, and start to build institutional platforms for public-private cooperation.

Put simply, Schwab believes the time to “re-consider capitalism” has arrived. He adds:
Ultimately Schwab says the trade, taxation, and competition rules that reflect decades of neoliberal influence are over.

The world stands at the precipice of change and the WEF sees itself in the forefront of that rebuild of capitalism which it envisages means companies “contribute to social welfare and the common good” at the expense of shareholders and investors.