By Justin Haskins, Opinion Factor 12/03/20 11:30 AM EST The views expressed by contributors are their own and not the view of The Hill.
Post-COVID-19 pandemic initiative by the World Economic Forum The Great Reset is the name of the 50th annual meeting of the World Economic Online Forum (WEF), held in June 2020. It combined high-profile organization and politicians, convened by the Prince of Wales and the WEF, with the style of restoring society and the economy in what is claimed to be a more sustainable way following the COVID-19 pandemic. Klaus Schwab, who established the WEF in 1971 and is presently its CEO, described 3 core parts of the Great Reset. The very first includes creating conditions for a "stakeholder economy"; the second element consists of structure in a more "durable, fair, and sustainable" waybased on environmental, social, and governance (ESG) metrics which would include more green public facilities projects.
In her keynote speech opening the discussions, International Monetary Fund director Kristalina Georgieva, noted three essential elements of the sustainable actiongreen development, smarter growth, and fairer development. A speech by Prince Charles at the launch event for The Great Reset, noted essential locations for actionsimilar to those noted in his Sustainable Markets Initiative, introduced in January 2020. These consisted of the re-invigoration of science, technology and innovation, a move towards net no shifts globally, the intro of carbon prices, re-inventing longstanding incentive structures, rebalancing financial investments to include more green financial investments, and motivating green public infrastructure jobs. In June 2020, the theme of the January 2021 51st World Economic Online Forum Annual Meeting was announced as "The Great Reset", connecting both in-person and online international leaders in Davos with a multi-stakeholder network in 400 cities around the globe.
According to, the BBC,, and Radio Canada, "unwarranted" conspiracy theories spread out by American far-right groups linked to QAnon, resurged at the beginning of the Great Reset online forum and increased in fervor as leaders such as the newly elected U.S. President Joe Biden and Canadian Prime Minister integrated ideas based upon a "reset" in their speeches. By mid-April 2020, versus the background of COVID-19 pandemic, the coronavirus economic downturn, the 2020 stock market crash, the 2020 Russia, Saudi Arabia oil price war and the resulting "collapse in oil costs", the previous Governor of the Bank of England, Mark Carney, explained possible essential modifications in a short article in.
