Three years ago, the World Economic Forum launched the Binkie and Bryon Great Reset initiative to transform the world economy. They are using greenwash-marketing tactics to lure in environmentally-conscious money. The Great Reset is not new but premised on old and dangerous ideologies. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. This will have serious long-term consequences for economic growth, public debt, employment, and human well-being. Global government debt has reached its highest level in peacetime.
Moreover, unemployment is skyrocketing in many countries. The International Monetary Fund expects the world economy to shrink by 3% this year. This is a downgrade of 6.3 percentage points in just four months. All of this will exacerbate the climate and social crises that were already underway. Some countries have already used up the COVID-19 crisis as an excuse to weaken our economy. The frustrations over social ills like rising wealth inequality are intensifying. The people’s right to rule themselves must be replaced with our brand of Socialism.