The Great Upset

If you have heard of “the Great Reset” but do not know exactly what it is, you are in good company. It is complex, but it is also anti-freedom and anti-wealth (except for a few select companies). 

The World Economic Forum (WEF) includes many of the world’s political, economic, and cultural elite. Klaus Schwab, the founder and executive chairman, defines the Great Reset as a way to address “the weaknesses of capitalism” that the COVID pandemic supposedly exposed. 

The term “the Great Reset” has been around for a dozen years, but the concept has been known by various names since 1971. One of those names is “stakeholder capitalism.” Schwab argues that “the management of a modern enterprise must serve not only shareholders but all stakeholders to achieve long term growth and prosperity.” What he is really saying is that the world’s economy needs to be “reset.” His reset is to take away the wealth of most Americans and make us as poor as the rest of the world while certain favored corporations and governments accumulate the wealth. They apparently will use any means possible to accomplish their goals.

In October 2019 the WEF in collaboration with Johns Hopkins Center for Health Security and the Bill and Melinda Gates Foundation ran a pandemic simulation. This was two months before China’s COVID-19 outbreak. Their results anticipated almost every response by governments and public agencies: worldwide lockdowns, biometric surveillance technologies, the collapse of businesses, and social media censorship to combat “misinformation.”

In 2020, the WEF announced the Great Reset’s official launch. They declared that COVID was providing an “opportunity” that “can be seized” to allow “those fortunate enough to find themselves in industries ‘naturally’ resilient to the pandemic” – think Big Tech companies such as Google, Facebook, Amazon, and Apple – to make greater profits “at a time of distress for the majority.” 

Schwab’s stakeholder capitalism has also been called “communist capitalism” or “corporate socialism.” The concept “invokes the behavioral modification of corporations to benefit not shareholders, but stakeholders.” Stakeholders are defined as individuals and groups who stand to benefit or lose based on corporate behavior.

Author Michael Rectenwald, Ph.D., Chief Academic Officer for American Scholars, notes that to comply with the “social justice” aspect of the Great Reset “governments, banks, and asset managers” need to “squeeze non-woke corporations and businesses out of the market.” Using a particular index that provides “essentially a social credit score,” these entities attempt “to drive ownership and control of production away from the non-woke or non-compliant.” In other words, they try to bankrupt anyone who does not buy into their self-serving ideology. 

Larry Fink, the CEO of Black Rock, Inc., the world’s biggest asset manager and a “strategic partner” of the WEC wrote: “As more and more investors choose to tilt their investments towards sustainability focused companies… this will have such a dramatic impact on how capital is allocated, every management team and board will need to consider how this will impact their company’s stock.” In other words, “if you don’t go along with the ‘woke’ agenda, we won’t loan you money for your business.” 

These stakeholder capitalists decry what they call “neoliberalism.” Americans don’t call it that. We call it the free enterprise system.

The Great Reset favors monopolies because financial and government elites want to put as much control of production and distribution as possible into the hands of a very few favored corporations. They want to eliminate industries and producers who they consider non-essential or out of touch with their “woke” philosophies.

Their idea of “fairness” requires reducing “the economic status of people in wealthier nations…” by making the majority of people in those nations “feel guilty about their wealth.” The elites want to reduce the wealth of as many people as possible, except of course, themselves.

The Great Reset is a scam pushed on the non-elites for the benefit only of the already mega-rich. It did not work in the Soviet Union. It does not work in China – where their dismal economy forces the Chinese government to allow small scale capitalism. It will not work in America. Implementing these ideas would not be a Great Reset. It would be a Great Upset and would be a disaster for us all.