World Economic Forum Calls For Death of ‘Old’ Capitalism and ‘Great Reset’ of Global Societies

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The coronavirus crisis presents an opportunity for a “new kind of capitalism” based on “social justice” and a “great reset” of global economics, politics, and societies, according to World Economic Forum (WEF) executive chairman Klaus Schwab.

In an article published Monday by the WEF, Schwab claims traditional capitalism is dead and neoliberalism is on the way out.

In their place is a set of “Stakeholder Capitalism Metrics” the WEF says enables the world to progress under one set of all-encompassing rules as drawn up by it, with “social  justice” a key component of this brave new world.

This restructuring of the way we do business is the new model for the “great reset” Schwab argues, adding he foresees the coronavirus crisis as too good an opportunity not to “re-evaluate sacred cows of the pre-pandemic system.”

He outlines the WEF argument by pointing to just how serious the epidemic has been to the way we live now. Schwab writes:

No event since World War II’s 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.

The only acceptable response to such a crisis is to pursue a “Great Reset” 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.

Breitbart report: Schwab believes that if the Chinese coronavirus crisis has shown us anything, it is “that governments, businesses, or civil-society groups acting alone cannot meet systemic global challenges.”

In their stead, the WEF says the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs.

We need to break down the siloes that keep these domains separate, he says, and start to build institutional platforms for public-private cooperation.

Put simply, Schwab believes the time to “re-consider capitalism” has arrived. He adds:

The Great Reset should seek to lend a voice to those who have been left behind, so that everyone who is willing to “co-shape” the future can do so. The reset that we need is not a revolution or a shift to some new ideology… Some of the pillars of the global system will need to be replaced, and others repaired or strengthened. To achieve shared progress, prosperity, and health requires nothing more – or less.

Ulitmately Schwab says the trade, taxation, and competition rules that reflect decades of neoliberal influence are over.

The world stands at the precipice of change and the WEF sees itself in the forefront of that rebuild of capitalism which it envisages means companies “contribute to social welfare and the common good” at the expense of shareholders and investors.

More will be outlined next year at the 2021 WEF global summit in Switzerland.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at The People's Voice. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Baxter Dmitry


  1. Die, scumbag! He’s written a book called “Covid-19: The Great Reset” There is not one word of sympathy, only words of greed and arrogance. I hope he an his ilk are in the bottomless pit SOON!

  2. Ac war in other words ,concocted by the ruling elite . Always the same And the middle classes suffer the most from that sort of ideology because that’s the class they really hate the most . They want the peasants to attack the bourgeoise and let both kill each other while they watch on as if in shocked disbelief and horror. They would like to see the Jews they gave set up on the stage as leading capitalists killed too, of course .Bezos ,Zuckerberg ,and the Rothschild’s .Nothing new for them who hate Monotheism ,God and Jesus,They who are the capitalists cum.cimmynusts who want not just own the universe ,every single animate and inanimate thing in infinity ,btw,and rule the law ,but want everyone to think they are humble and innocent with it.

    • A class war .A race class war Exactly as via tool Charles Manson said And all the victims were buried in Catholic services, all if the human sacrifices

  3. The three Demonic spirits are running about gathering the Kings of the earth together to make war against God. The elites think they will be representing the Planet (like the Earth Federation) to Heavenly ET forces. They will be supporting the wrong side, as it were. Lucerferians all.

  4. Nkgoo, geniş kapsamlı bilgi platformudur. Her konuda bilgi içeriği üretme amacıyla yayın hayatına başlamış referans kaynak sitedir. Ayrıca telif hakları konularına da özen gösterilmektedir.

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