What is the “Great Reset” and how have Russia and Ukraine changed it? | Opinion

In June 2020, three months into the pandemic, the head of the World Economic Forum said COVID-19 provided an urgent reason for the world to pursue a “great reset” of capitalism.

“The world must act together and quickly to revamp all aspects of our societies and economies, from education to social contracts and working conditions,” wrote Klaus Schwab. “Every country, from the United States to China, must participate, and every industry, from oil and gas to technology, must be transformed.”

That sounds more like an order than a suggestion, which helps explain why some conservatives have been outraged at the idea of ​​America taking orders from an 83-year-old German economist.

Radio personality Glenn Beck, in particular, fought against Schwab’s vision of a new kind of capitalism, which he calls “stakeholder capitalism”. And in January, Beck and his co-author Justin Haskins released a book outlining their opposition to what they call “the movement that could finally put out the flame of freedom in America.”

Then something unexpected happened: Russia invaded Ukraine and the conflict displaced COVID-19 as the world’s most pressing concern. But instead of sidelining the conversation about the Great Reset, the Ukraine crisis intensified it.

Here’s why a brutal military operation in Eastern Europe has some Americans worried about how it will affect their lives – whether or not the United States is drawn into the war.

While Beck is sometimes denounced as a conspiracy theorist who plays on people’s fear for ratings, a 2020 headline on National Review’s website read, “The Great Reset: If Only It Were That a conspiracy.

In fact, Schwab and other supporters of the Great Reset are outspoken about their goals, which include exchanging a shareholder-based economic system for one that includes disparate stakeholders, an increased emphasis on environmental efforts and social responsibility, and increased global cooperation.

While the World Economic Forum’s website nods to the late American economist Milton Friedman, some of its goals seem more in line with the politics of Bernie Sanders and Alexandria Ocasio-Cortez.

Of his vision, Schwab wrote, “Regardless of the details, the role of the state will increase and in doing so will significantly affect the way business is conducted. Taxes will also rise, he said, “especially for the more privileged.” He urges the world to work together on policies that will ensure “a fairer and greener future”.

None of this is terrifying on the scale of, say, a military force storming your borders with the declared intention of decapitating your government. In fact, writing for National Review, Andrew Stuttaford called the book “The Great Reset” written by Schwab and Thierry Malleret “dreary and horribly written”, something that seems to have “escaped from a PowerPoint presentation for a somber corporate retirement.

And Schwab has been selling his ideas for decades, Stuttaford noted.

But Schwab realized, and rightly so, that there would be no return to “normal” after the pandemic, and that in the transition there was an opportunity to intentionally reshape the new normal, a bit like the redrawing of the borders of nations at the end of the First World War.

For Schwab and other Great Reset supporters, the pandemic has presented a moment to “build back better” — a line that most Americans call Joe Biden’s failed spending bill, but which is actually a talking point of the World Economic Forum.

Ironically, part of the agenda for last year’s World Economic Forum gathering in Davos, Switzerland focused on “building trust”. Clearly, the group has work to do in this regard, since those most suspicious of the Great Reset have suggested that the pandemic was planned in order to bring about Schwab’s new world order and that COVID -19 and vaccines are a sinister form of population. control.

With the number of COVID-19 cases and deaths falling, at least in the United States, the pandemic was beginning to urgently recede when Russia invaded Ukraine in February. One would have thought that talk of the Great Reset would have ceased as well. But for many people, the invasion is another “serious crisis that cannot be wasted” on Great Reset supporters, as Beck said on his talk show this week.

“Make no mistake. You are going to see this economy crack and the dollar collapse,” he said.

Beck was talking about Biden’s executive order, signed Wednesday, that called for a federal study of cryptocurrencies — digital assets, such as Bitcoin, that aren’t managed by governments. The order authorizes the creation of a “whole-of-government strategy” to protect consumers and national security and “address climate risks”.

But for Beck, the most troubling part of the order was Biden’s directive to “urgently” explore a U.S. Central Bank digital currency, “a new digital dollar.”

The White House said it would grant “urgency to the research and development of a potential CBDC in the United States, if the show is deemed to be in the national interest.” The White House did not specify what circumstances would justify the transfer to the digital currency.

“It will mean that the destruction of the dollar is approaching. Your dollar,” Beck said, adding that gas prices, inflation and chaos in Ukraine are all creating opportunities for dramatic change.

“Everything, everything, in your life will soon be different,” Beck continued. “They will move from the US dollar to a digital currency, a currency that can be tracked, controlled, manipulated and designed for, in the words of the White House, equitable access to safe and affordable financial services. …(I)t will control you and your life and reshape all of society.

Not everyone was so alarmed. The Wall Street Journal reported that the Bitcoin price rose 9% and an industry insider said the planned regulation will help the industry grow as consumers will feel more confident. Some, however, expressed surprise at the scope of the order.

“Before this executive order, the narrative that had been circulating was that the administration was about to crack down on crypto. This executive order is a full 180 of that. This is as close to crypto adoption as you could have hoped for from this Biden administration, if you’re pro-crypto,” said Lee Reiners, executive director of the Global Financial Markets Center at Duke University School of Law, at the Wall Street Journal. .

This, of course, is in line with what the people who are warning about the Great Reset are saying: that we are headed for fascist controls that could eventually involve a global digital currency.

One of the most famous supporters of the World Economic Forum and its agenda is Prince Charles, who said, “We have a golden opportunity to get something good out of this crisis.” He went on to say that “the unprecedented shockwaves of the pandemic may well make people more receptive to grand visions of change.”

With nebulous goals that sound more like a progressive agenda than anything offered by the GOP, and an agenda that appears to be set by an unelected German economist, it’s no surprise that conservatives resist anything resembling to a great reset.

And while Beck might be seen by many as a disaster note seeker, know that he was right about that: “Rapid inflation is a very real and dangerous possibility,” he wrote in “The Great Reset”.

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