The Great Reset is being proposed by the World Economic Forum (“Davos”). It even has its own website.
Several “partners” involved are Apple, Microsoft, Facebook, IBM, IKEA, Lockheed Martin, Ericsson, and Deloitte. Ben Sixsmith, who wrote for The Spectator US, doubts whether the Great Reset can be seen, as some like to suggest, as “socialist Left Marxist” or a “global communist takeover plan.”
According to Andrew Stuttaford, who wrote for the National Review, the Great Reset is, in essence, corporatist, not communist. The participation of companies of the type that Sixsmith mentions is, in reality, the participation of certain members of their senior management, using shareholder funds for purposes that have nothing to do with the bottom line and everything to do with the wielding of power within a system akin to a concert, with the state — if not necessarily the government — acting as the conductor.
One expression of corporatism called “stakeholder capitalism,” has recently won strong support from all over the world. Stakeholder capitalism rests on the notion that a company’s management owes a duty to more than its shareholders.
According to Stuttaford, it’s something that Klaus Schwab, the WEF’s founder and executive chairman, has been advocating for a long time. A key feature of the Great Reset is that stakeholder capitalism should be adopted one way or another.
This would reduce a company’s shareholders to just a category of “stakeholder,” which would effectively transfer the power that capital should confer away from its owners and into the hands of those who administer it.
But Stuttaford believes that stakeholder capitalism is a betrayal of democracy, as well as of shareholders. The power it gives to managers is increasingly being used to support an agenda influenced by a cabal of activists, NGOs, representatives of the “international community,” and politicians too arrogant to go through the usual legislative process.
Stuttaford says that Sixsmith’s view on stakeholder capitalism is too lax. To Sixsmith, it is simply “a concept so vague that Facebook, IBM, Lockheed Martin et cetera are free to interpret it quite as they wish.”
Citing Steve Dunning who wrote for Forbes, “Firms can go on privately shoveling money to their shareholders and executives while maintaining a public front of exquisite social sensitivity and exemplary altruism.”
But while removing one possible obstacle to shoveling money to executives is one of stakeholder capitalism’s appeal to managements, it is only one part of its attraction.
Stuttaford explains that much of stakeholder capitalism’s appeal is in whether it is from the social approval that it can generate for a manager who uses his or her role in such a positive way, or in its ability to hand executives power, which they can wield, as noted above, with relatively little accountability now that their responsibility to shareholders has been so diluted.
Sixsmith explains that The Great Reset “considers a world after the pandemic,” a conceit he finds “audacious given that it was written less than six months after the virus had even appeared.”
“If you read The Great Reset in anticipation of some baroque manifesto for world tyranny,” warns Sixsmith, you will be disappointed. “There are no elaborate schemes for globe-spanning coup d’états and totalitarianism.”
It’s not a conspiracy theory. According to the Kwak Brothers, The Great Reset is, in short, simply a proposed shift in which economies and governments will be globalized, and the people, as a result, would be weakened and subordinated.
You can watch their video below.
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