{"id":55324,"date":"2020-10-15T07:13:05","date_gmt":"2020-10-15T12:13:05","guid":{"rendered":"https:\/\/olduvai.ca\/?p=55324"},"modified":"2020-10-15T07:13:05","modified_gmt":"2020-10-15T12:13:05","slug":"world-economic-forum-outlines-its-great-reset-to-end-traditional-capitalism","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=55324","title":{"rendered":"World Economic Forum Outlines Its \u2018Great Reset\u2019 to End Traditional Capitalism"},"content":{"rendered":"
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World Economic Forum Outlines Its \u2018Great Reset\u2019 to End Traditional Capitalism<\/a><\/h3>\n
\"AP
AP Photo\/Michel Euler<\/a><\/cite><\/figcaption><\/figure>\n
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The coronavirus crisis presents an opportunity for a \u201cnew kind of capitalism\u201d and \u201cgreat reset\u201d of global economies, politics, and societies, according to World Economic Forum (WEF) founder and executive chairman Klaus Schwab.<\/div>\n<\/header>\n
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In an\u00a0article<\/a>\u00a0published Monday by the WEF, an impatient Schwab claims neo-liberalism is dead and with it traditional notions of economic capitalism.<\/p>\n

In their place is a set of \u201cStakeholder Capitalism Metrics<\/a>\u201d the WEF says enables the world to progress under one set of overarching rules as drawn up by it, with \u201csocial\u00a0 justice\u201d a key component of this brave new world.<\/p>\n

This restructure of the way we do business is the new model for the \u201cgreat reset\u201d Schwab argues, adding he foresees the coronavirus crisis as too good an opportunity not to \u201cre-evaluate sacred cows of the pre-pandemic system.\u201d<\/p>\n

He outlines his argument by pointing to just how serious the epidemic has been to the way we live now: Schwab writes:<\/p>\n

No event since World War II\u2019s end has had as profound a global impact as COVID-19. The pandemic has triggered a public health and economic crisis on a scale unseen in generations and has exacerbated systemic problems such as inequality and great-power posturing.<\/p>\n

The only acceptable response to such a crisis is to pursue a \u201cGreat Reset\u201d of our economies, politics, and societies. Indeed, this is a moment to re-evaluate the sacred cows of the pre-pandemic system, but also to defend certain long-held values. The task we face is to preserve the accomplishments of the past 75 years in a more sustainable form.<\/p><\/blockquote>\n

Schwab believes that if the Chinese coronavirus crisis has shown us anything, it is \u201cthat governments, businesses, or civil-society groups acting alone cannot meet systemic global challenges.\u201d<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

World Economic Forum Outlines Its \u2018Great Reset\u2019 to End Traditional Capitalism AP Photo\/Michel Euler The coronavirus crisis presents an opportunity for a \u201cnew kind of capitalism\u201d and \u201cgreat reset\u201d of global economies, politics, and societies, according to World Economic Forum (WEF) founder and executive chairman Klaus Schwab. In an\u00a0article\u00a0published Monday by the WEF, an impatient […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[14943,111,13793,23957,6996,607,30449,30450,14742,889],"class_list":["post-55324","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-breitbart","tag-capitalism","tag-great-reset","tag-klaus-schwab","tag-neoliberalism","tag-pandemic","tag-simon-kent","tag-stakeholder-capitalism-metrics","tag-wef","tag-world-economic-forum"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55324"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55324\/revisions"}],"predecessor-version":[{"id":55325,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/55324\/revisions\/55325"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}