“We need a ‘Great Reset’ of capitalism.” So said this summer Klaus Schwab (pictured above), Founder and Executive Chairman of the World Economic Forum (WEF).
It so happens that term, the great reset, was used by many others, including Canada’s Prime Minister Justin Trudeau.
That has led some to suspect some sort of coordination, with some highlighting the phase ‘build back better.’
“To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.
Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a ‘Great Reset’ of capitalism,” Schwab said.
He provided little detail of what this reset means exactly, with suspicion high it means nothing good especially after a video, that was allegedly deleted by WEF, circulates again.
There, they predict by 2030 we’ll own nothing, that instead we will only rent. In effect, communism.
The implementation of the Modern Monetary Theory by central banks across the world has also raised suspicions this pandemic is being used to usher in communism.
And with communism comes authoritarianism. Germany has just passed what critics call the Enabling Act. A bill that effectively suspends parliament, giving power to the Chancellor’s government to make law itself, so breaching the constitutional checks and balances that are at the foundations of liberty.
In Britain, parliament there has suspended habeas corpus, with Lady Hale of the British Supreme Court stating “parliament surrendered its role.”
Obviously these new law that give unchallenged power to the government are temporary measures aimed at specifically the pandemic, but the state of emergency declared in 2001 was a temporary measure too, yet the Patriot Act gets extended to today.
All this has led to heightened interest in this Great Reset plan, with the undertone being this pandemic was fabricated to push through an agenda.
It certainly has been used to grab power, with the British state now able to dictate movement at the threat of imprisonment without trial in front of a court.
The German state has now grabbed that power too, granted by their parliament 415 to 236.
Power they’re unlikely to relinquish easily as at any time they can bring out some pandemic fear through their state media, like the BBC which is now significantly under the control of the conservative government.
“The will to build a better society does exist. We must use it to secure the Great Reset that we so badly need. That will require stronger and more effective governments… And it will demand private-sector engagement every step of the way,” Schwab said.
Yet what exactly this better society looks like is not clear, except that we’ll all be renting if that video is legit.
Schwab says we need to “create the conditions for a ‘stakeholder economy,'” but by that presumably he doesn’t mean a jury house where citizens can have direct say in how they are governed.
He could well mean workers should be represented at the board of companies, as they are in Germany, but that’s hardly a radical reset.
Instead he appears to suggest global coordination and a far bigger role for the government in how economic output is distributed to ensure equal outcomes, rather than as equal as possible opportunities.
Reforms are necessary however, but plenty would argue we need to move towards more capitalism, not less.
Currently, what we have is capitalism for the rich who are offered any loan they want and can invest in any startup they please. While the rest have to rent because banks don’t lend to them and are prohibited by law, like the Securities Act 1933, in investing in startups.
We also need less government, not more. We need to get rid of licenses for barbers, for example, and we need to get rid of a nanny state mindset that thinks it can eliminate risk completely as that is just stagnation or even regression.
The effect of big government we have already seen. We spend $10 trillion a year globally on healthcare, and nearly a year on now, there is no cure unless you’re Donald Trump or Boris Johnson.
And the incompetence of big government has also been seen where the totally controlling Chinese Communist Party completely failed to contain this within its borders.
While the ineffectiveness of relying on global coordination was shown by the World Health Organization calling the pandemic medium risk while China was rushing to build hospitals.
So the answer is certainly not more of what has failed. To the contrary, the answer is more of what has worked. More capitalism, or more correctly, a return of free markets for the masses once again, beginning with the repealing of the Securities Act, a repealing of the Patriot Act, and a repealing of these unconstitutional Enabling Acts that contrary to the will of the people have suspended our parliaments.