The Great Reset

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The Great Reset

The Great Reset is an “umbrella concept” coined by the leadership of the World Economic Forum (or WEF). According to the WEF website, “There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. —To improve the state of the world, the World Economic Forum is starting The Great Reset Initiative.”In essence, the Great Reset represents the WEF’s opportunistic response to 2020’s crisis-driven chaos which we’ve been analyzing since February.

Under “The Context” header, WEF describes the alleged “necessity” of its grand plan as follows, “The Covid-19 crisis, and the political, economic and social disruptions it has caused, is fundamentally changing the traditional context for decision-making. The inconsistencies, inadequacies, and contradictions of multiple systems—from health and finance to energy and education—are more exposed than ever amidst a global context of concern for lives, livelihoods, and the planet. Leaders find themselves at a historic crossroads, managing short-term pressures against medium- and long-term uncertainties.”

Putting aside the platitudes, the statement begs several questions, including:

  • Is the coronavirus actually “changing the traditional context for decision-making?”And,
  • Why does the WEF believe that COVID-19 rendered our brains incapable of making decisions the way humans have for thousands of years?

Even more questionable is the assertion about “multiple systems” being “more exposed than ever amidst a global context of concern for lives, livelihoods and the planet.”

Consider the facts.

First, the world has been exposed to many events far more dangerous and disruptive than the coronavirus just since the United States became a country; these include other pandemics, a Civil War, two world wars, massive famines, and the great depression.

Second, the empirical evidence clearly shows that humanity persevered through these horrible disruptions largely because multiple competing systems were constantly testing a variety of solutions, not in spite of that competition. In fact, as Chris Talgo of the Heartland Institute observes, “most of our recent wars, which have killed hundreds of millions, were fought to save our “multiple systems” from one monolithic system such as fascism or communism.

And that realization brings us to the question that lies at the heart of our discussion: “What does the Great Rest seek to do? Under the header labeled “The Opportunity,” the architects of the Great Reset state the following: “As we enter a unique window of opportunity to shape the recovery, this initiative will offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of the global commons...

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