The Great Reset

willrocks

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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 a global commons. Drawing from the vision and vast expertise of the leaders engaged across the Forum’s communities, the Great Reset initiative has a set of dimensions to build a new social contract that honours the dignity of every human being.
https://www.weforum.org/great-reset/




Why capitalism needs to be reset in 2020 | FT (Dec 2019)


May 31, 2017,08:57am EDT

Brace Yourself For 'The Great Reset'

We are coming to a period I call “the Great Reset.”

As it hits, we will have to deal with the largest twin bubbles in the history of the world. One of those bubbles is global debt, especially government debt. The other is the even larger bubble of government promises.

These promises add up to hundreds of trillions of dollars. That’s vastly larger than global GDP.

These are real problems we must face. It will mean forging a new social contract. It will also require changes to taxes and the economy. I believe that within the next 5–10 years, we have to end the debt and government promises.

What I mean by government promises are pensions and healthcare benefits. Governments assumed that taxes would cover their immediate costs. They thought future politicians would figure out the rest. Now the time is nearing when those “future politicians” are elected.
 
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Yea, don't like it that much. All too convenient timing as well. The comments on the first YouTube video are telling.

It takes a special skill set to make the Great Reset agenda sound so completely benign. https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/

"The Great Reset agenda would have three main components. The first would steer the market toward fairer outcomes. To this end, governments should improve coordination (for example, in tax, regulatory, and fiscal policy), upgrade trade arrangements, and create the conditions for a “stakeholder economy.” At a time of diminishing tax bases and soaring public debt, governments have a powerful incentive to pursue such action.

Moreover, governments should implement long-overdue reforms that promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.

The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.

Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run. This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.

The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector."
 
That sounds ominous.

I'm a little concerned about this phrase:

Haven't we worked out already that communism is a failed system?

This is the definition of communism.

"absence of social classes, money"

Does this even exist today?

https://en.wikipedia.org/wiki/Communism
Communism (from Latin communis, "common, universal")[1][2] is a philosophical, social, political, economic ideology and movement whose ultimate goal is the establishment of a communist society, namely a socioeconomic order structured upon the ideas of common ownership of the means of production and the absence of social classes, money[3][4] and the state.[5][6]

This is the definition of fascism.

Notice the keywords "authoritarian", "ultranationalism", "dictatorial power", "forcible suppression of opposition"

https://en.wikipedia.org/wiki/Fascism
Fascism (/ˈfæʃɪzəm/) is a form of far-right, authoritarian ultranationalism[1][2] characterized by dictatorial power, forcible suppression of opposition, as well as strong regimentation of society and of the economy[3]
 
@sgbuyer, you didn’t highlight the common ownership of stuff bit. AKA, “the commons”. It’s the absence of property rights that makes communism a threat to humanity.

Now that’s not saying fascism is a bed of roses, it’s just that communism is the extreme version.
 
I notice they like to throw in the words equality and fairness for the lowest IQ and illiterate to grasp onto.
Once they see those words they will support it undoubtedly thinking it's written just for them.
 
I was surprised last week at how many people are living at hotels now. The lucky homeless have enough to barely rent a room and scraping by with their pets.
I heard a few sad stories from people about how they never thought this would happen and its apparent they had no savings at all.
Some of them have never been able to file for benefits or bailouts and cant get the system to work.
They wonder why theres no help and when I tell them theres no help coming they look like a deer in the headlights, it's only going to get much much worse for them before its over.

I wanted to say "I hear your sad story and I've lived it so now you know what you need to do. First thing is pull your head out your ass and pay attention."
I really dont feel sorry for anyone that chooses to live with the blinders on.
 
I was surprised last week at how many people are living at hotels now. The lucky homeless have enough to barely rent a room and scraping by with their pets.
I heard a few sad stories from people about how they never thought this would happen and its apparent they had no savings at all.
Some of them have never been able to file for benefits or bailouts and cant get the system to work.
They wonder why theres no help and when I tell them theres no help coming they look like a deer in the headlights, it's only going to get much much worse for them before its over.

I wanted to say "I hear your sad story and I've lived it so now you know what you need to do. First thing is pull your head out your ass and pay attention."
I really dont feel sorry for anyone that chooses to live with the blinders on.

having travelled much of the world it always fascinated me how the state of the homeless changes from city to city. Melbourne homeless look like they’re having the biggest party of all. Basically living in mattress castles on the street with a lot of healthy looking pets. Getting blasted on free drugs all day until they burn out.
Compare that with Auckland just next door and the people on the street often look mere inches away from death.
 
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