Great Reset - Wikipedia https://en.wikipedia.

org/wiki/Great_Reset

Great Reset
The Great Reset is the name of the 50th annual meeting of the World Economic Forum (WEF), held
in June 2020. It brought together high-profile business and political leaders, convened by the Prince
of Wales and the WEF, with the theme of rebuilding society and the economy in a more sustainable
way following the COVID-19 pandemic.[1]

Klaus Schwab, who founded in WEF in 1971 and is currently its CEO, described three core
components of the Great Reset. The first involves creating conditions for a "stakeholder economy";
the second component includes building in a more "resilient, equitable, and sustainable" way—based
on environmental, social, and governance (ESG) metrics which would incorporate more green public
infrastructure projects. The third component of a Great Reset agenda is to "harness the innovations of
the Fourth Industrial Revolution" for public good.[2][3] In her keynote speech opening the dialogues,
International Monetary Fund director Kristalina Georgieva, listed three key aspects of the sustainable
response—green growth, smarter growth, and fairer growth.[4][1]

A speech by Prince Charles at the launch event for The Great Reset, listed key areas for action
—similar to those listed in his Sustainable Markets Initiative, introduced in January 2020. These
included the re-invigoration of science, technology and innovation, a move towards net zero
transitions globally, the introduction of carbon pricing, re-inventing longstanding incentive
structures, rebalancing investments to include more green investments, and encouraging green public
infrastructure projects.[1]

In June 2020 the theme of the January 2021 51st World Economic Forum Annual Meeting was
announced as "The Great Reset", connecting both in person and online global leaders in Davos with a
multi-stakeholder network in 400 cities around the world.[5] The Great Reset will also be the main
theme of the WEF's 2021 summit in Lucerne in May.[6]

According to the New York Times,[1 1] the BBC, The Guardian, Le Devoir, and Radio Canada,
"baseless" conspiracy theories spread by American far-right groups linked to QAnon, resurged at the
onset of the Great Reset forum and increased in fervor as leaders such as the newly elected U.S.
President Joe Biden and Canadian Prime Minister Justin Trudeau[1 2] incorporated ideas based on a
"reset" in their speeches.[1 3]

Contents
Key components of the great reset
Fourth Industrial Revolution
Endorsements
Canada's response to the Great Reset
United States
Critics of the Great Reset agenda

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The Great Reset (2021)

Conspiracy theory by the same name
Notes
References
References related to the conspiracy theory
External links

Key components of the great reset

By mid-April 2020, against the backdrop of COVID-19 pandemic, the coronavirus recession, the 2020
stock market crash, and the 2020 Russia–Saudi Arabia oil price war and the resulting "collapse in oil
prices",[7] Mark Carney—the former Governor of the Bank of England—described possible
fundamental changes in a post-covid world in an article in The Economist. Carney said that in a post-
COVID world "stakeholder capitalism" will be tested as "companies will be judged by "what they did
during the war", how they treated their employees, suppliers and customers, by who shared and who
hoarded."[8] The "gulf between what markets value and what people value" will close.[8] In a post-
covid world, it is reasonable to expect that more people will want improvements in risk management,
in social and medical safety nets, and will want more attention paid to scientific experts. This new
hierarchy of values will call for a reset on the way we deal with climate change, which, like the
pandemic, is a global phenomenon. No one can "self-isolate" from climate change so we all need to
"act in advance and in solidarity".[8] In his 2020 BBC Reith Lectures, Carney further developed the
theme of value hierarchies as related to three crises—credit, Covid and climate.[9]

According to a May 15, 2020 WEF article, COVID-19 offers an opportunity to "reset and reshape" the
world in a way that is more aligned with the United Nations 2030 Sustainable Development Goals
(SDG), as climate change, inequality and poverty gained even greater urgency during the
pandemic.[10] This includes resetting labour markets, as more people work remotely speeding up the
process of the "future of work". The reset will advance work already begun to prepare for the
transition to the Fourth Industrial Revolution by upskilling and reskilling workers.[11] Another post-
COVID concern raised by the WEF is food security including the "risk of disruptions to food supply
chains", and the need for "global policy coordination" to prevent "food protectionism from becoming
the post-pandemic new normal."[12]

In her June 3, 2020 keynote address opening the Great Reset forum —a joint initiative of the WEC
and the HRH the Prince of Wales, Kristalina Georgieva, Managing Director of the International
Monetary Fund (IMF) said that there has been a "massive injection of fiscal stimulus to help countries
deal with this crisis" and that it was of "paramount importance that this growth should lead to a
greener, smarter, fairer world in the future".[4][13] Georgieva listed three aspects of the Great Rest—
green growth, smarter growth, and fairer growth. Government investments and government
incentives for private investors could "support low-carbon and climate-resilient growth" such as
"planting mangroves, land restoration, reforestation or insulating buildings."[4] With low oil prices,
the timing was right to eliminate fossil fuel subsidies and introduce carbon pricing to incentivize
future investments.[4] The COVID-19 pandemic presents an opportunity to shape an economic
recovery and the future direction of global relations, economies, and priorities.[14]

In June 2020, Klaus Schwab, who founded in World Economic Forum (WEF) in 1971, and is currently

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its CEO, described the three core components of the Great Reset.[2] The first includes creating
conditions for a "stakeholder economy"—improving policies and agreements on taxes, regulations,
fiscal policies, and trade to result in "fairer outcomes".[2] The second is component addresses how the
large-scale pandemic spending programs with private investments and pension funds, could improve
on the old system by building one that is more "resilient, equitable, and sustainable" over the long
term by "building green urban infrastructure and creating incentives for industries to improve their
track record on environmental, social, and governance (ESG) metrics". The third component of a
Great Reset agenda is to "harness the innovations of the Fourth Industrial Revolution" for the public
good.[2] A July 2020 nonfiction by Schwab and economist Thierry Malleret, develops the plan in more
detail.[3]

In one of the Great Reset Dialogues John Kerry and other members of a WEF dialogue discussed how
to rebuild the "social contract" in a post-COVID world.[15]

According to Prince Charles, the economic recovery must put the world on a path to sustainability
which would include carbon pricing. Prince Charles emphasized that the private sector would be the
main drivers of the plan.[1] The market should adapt to the current reality by aiming for fairer results,
ensuring that investments are aimed at mutual progress including accelerating ecologically friendly
investments, and to start a fourth industrial revolution, creating digital economic and public
infrastructure.[1]

According to Klaus Schwab, they would not change the economic system, but rather improve it to
what he considers to be "responsible capitalism".[1 2]

The Brookings Institute described their three point plan in response to the COVID-19 crisis
—Response, Recovery, and Reset. For the near term it involves response; in the medium term this
involves "rebuilding economic and social activity in a manner that protects public health, promotes
societal healing, and preserves the environment." The reset is for systems over the long term of
establishing through our "collective imagination" a great reset—a "new equilibrium among political,
economic, social, and environmental systems toward common goals."[16]

Fourth Industrial Revolution

Klaus Schwab used the phrase, Fourth Industrial Revolution, in a 2015 article published by Foreign
Affairs,[17] and in 2016, the theme of the World Economic Forum annual meeting in Davos-Klosters,
Switzerland, was "Mastering the Fourth Industrial Revolution".[18] In his 2015 article, Schwab said
that the first industrial revolution was powered by "water and steam" to "mechanize production".
Through electrical power, the second industrial mass production was introduced. Electronics and
information technologies automated the production process in the third industrial revolution. In the
fourth industrial revolution the lines between "physical, digital, and biological spheres" have become
blurred and this current revolution which began with the digital revolution in the mid-1900s, is
"characterized by a fusion of technologies."[17] This fusion of technologies included "fields such as
artificial intelligence, robotics, the Internet of Things, autonomous vehicles, 3-D printing,
nanotechnology, biotechnology, materials science, energy storage, and quantum computing."[17]

Just before the 2016 annual WEF meeting of the Global Future Councils, Ida Auken—a Danish MP,
who was also a young global leader and a member of the Council on Cities and Urbanization,
uploaded a blog post, that was later published by Forbes, imagining how technology could improve
our lives by 2030 if the United Nations sustainable development goals (SDG) were realized through

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this fusion of technologies.[19] Auken imagined how digitized communication, then transportation,
accommodation and food would result in greater access and decreased cost. Since everything was free,
including clean energy, there was no need to own products or real estate.[19] In her imagined scenario,
many of the crises of the early 21st century were resolved—"lifestyle diseases, climate change, the
refugee crisis, environmental degradation, completely congested cities, water pollution, air pollution,
social unrest and unemployment" through new technologies.[19] The article has been criticized as
portraying a utopia at the price of a loss of privacy. In response, Auken said that it was intended to
"start a discussion about some of the pros and cons of the current technological development."[20]

While the "interest in Fourth Industrial Revolution technologies" had "spiked" during the COVID-19
pandemic, very few companies—fewer than 9%—were using "machine learning, robotics, touch
screens, and other advanced technologies. An October 21, 2020 WEF virtual panel, discussed how
organizations could harness fourth revolution technologies.[21] On January 28, 2021 Davos Agenda
virtual panel discussed how artificial intelligence (AI) will "fundamentally change the world". Sixty-
three percent of CEOs believe that "AI will have a larger impact than the internet."[22]

During 2020, the Great Reset Dialogues resulted in multi-year projects, such as the digital
transformation programme where cross-industry stakeholders investigate how the 2020 "dislocative
shock" had increased and "accelerated digital transformations".[23] Their report said that, while
"digital ecosystems will represent more than $60 trillion in revenue by 2025" "only 9% of executives
[in July 2020] say their leaders have the right digital skills".[23]

Endorsements
Political leaders such as Canadian Prime Minister Justin Trudeau and U.S. President Joe Biden have
endorsed the idea of "building back better", as has UK Prime Minister Boris Johnson.[1 4]

Time magazine published a series entitled "The Great Reset: How to Build a Better World Post-
COVID-19", which included a collection of articles, columns, talk videos, and interviews.[24]

Canada's response to the Great Reset

In a June 11, 2020 meeting with the Prince of Wales and Permanent Representatives to the United
Nations from the Commonwealth of Nations, Prime Minister Justin Trudeau, regarding the Great
Reset initiative.[25] Trudeau said that the Commonwealth, of which Canada is a member nation-state,
provides a space for "dialogue and collective action on global issues related to sustainable
development" which includes how to "build back stronger, more resilient, and greener economies" in
a post-COVID-19 world.[25] This is inline with similar statements made on May 28, 2020 when
Trudeau and Andrew Holness, Jamaica's Prime Minister convened an online meeting of "world
leaders and international organizations" to consult on a "global response to the significant economic
and human impacts of COVID-19, and advance concrete solutions to the development emergency".[26]

In his August presentation entitled "The Great Reset", at the Victoria Forum 2020, the Governor of
the Bank of Canada described how COVID-19 is resulting in a "structural shock with broad impact
worldwide".[27] He said that governments, investors in the corporate and financial sector—including
central banks, and individuals households, need to evaluate risks and prepare for transitions. He
recommended the use of scenario analysis, as a way of describing possible and plausible outcomes as
we are faced with a "high degree of uncertainty" in terms of climate change, policy, "technological

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development", and "evolving consumer and investor preferences".[27]

In a September 29, 2020 6-minute virtual address to the UN General Assembly, Prime Minister
Trudeau described how "[b]uilding back better" included supporting the most vulnerable, for example
by ensuring "equitable access" to COVID-19 vaccine in developing countries, while also working
towards reaching the UN's Sustainable Development Goals for 2030.[28][1 2]

The media responded to accusations made by Conservative finance critic MP Pierre Poilievre that
Trudeau, who had used the term "reset" in his September UN speech, was "harbouring a very
ambitious hidden agenda — not just for Canada but for the world", by saying that the WEF agenda is
published on its website.[1 5][1 6] Erin O'Toole, who has been the Leader of the Opposition as leader of
the Conservative Party of Canada since August 24, 2020, wrote in a November 21 tweet, "It's hard to
believe anyone would look at the carnage caused by COVID-19 and see an opportunity". The message
was that "Conservatives want to bring back economic certainty" while Liberals want to "reimagine the
economy", which O'Toole described as "a massive and risky experiment."[29] The Post said that
Poilievre had launched a petition that gathered 70,000 signatures within 3 days on November 20[1 7]
in which he cautioned that the Liberals were secretly planning on "re-engineer[ing] economies and
societies to empower the elites at the expense of the people" to remodel Canada to Trudeau's alleged
"socialist ideology". Poilievre used phrases from Trudeau's September speech[1 5] to imply that
Trudeau's statement that COVID-19 had "provided an opportunity for a reset" to "reimagine economic
systems that actually address global challenges like extreme poverty inequality and climate change",
was evidence that Trudeau was part of the great reset conspiracy theory, that had been circulating for
some time.[1 8][1 9][1 10] The CBC said that the response by the conservative party was "confusing" and
that they had started a "phoney war." O'Toole wants to build back stronger and Trudeau wants to
build back better. There is not a lot of difference in regards to participation at WEF conferences
—former Prime Minister Stephen Harper attended their annual meetings in Davos as often as
Trudeau.[1 4]

United States

A January 23, 2021 Financial Times article said that policymakers around the world are anticipating
President Biden's "reset on trade, tax and climate."[30] President-elect Joe Biden had announced in
November 2020, John Kerry will be appointed as U.S. Special Presidential Envoy for Climate,[31] and
Kerry was confirmed in this position on inauguration day, January 20, 2021. Kerry had participated
in one of the Great Reset Dialogues on how to rebuild the "social contract" in a post-COVID world.
[15][32] Kerry said that COVID-19 offered a "big moment" that opened the possibility for the Great
Reset. He said the WEF would play a significant role in refining how to respond to climate change and
inequalities that were "laid bare as a consequence of COVID-19."[33] The Heartland Institute's
editorial director expressed concerns that President Joe Biden, elected on November 2020 would
"bring the Great Reset to the United States" and that "the country [would] never be the same."[33]

Critics of the Great Reset agenda

An article in Forbes said the WEF's Great Reset agenda was "another example of wealthy, powerful
elites salving their consciences with faux efforts to help the masses, and in the process make
themselves even wealthier and more powerful."[34]

Naomi Klein, in a December 2020 article in The Intercept, described the WEF idea as a "Great Reset

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Conspiracy Smoothie." She said that it was simply a "coronavirus-themed rebranding" of things that
the WEF was already doing and that it was an attempt by the rich to make themselves look good.
Klein wrote that Schwab had given each meeting at Davos a theme since 2003. "The Great Reset is
merely the latest edition of this gilded tradition, barely distinguishable from earlier Davos Big
Ideas."[35]

In his review of 2020 book co-authored by Schwab and Malleret—and the Great Reset agenda in
general—Ben Sixsmith, a contributor to the Spectator USA, and Quillette, said that the Great Reset—a
set of "bad ideas...adopted internationally by some of the richest and most powerful people in the
world"—is "more terrifying" than the "sinister plot"—the conspiracy theory spread by "fringes of
Right-Wing Twitter", and James Delingpole, who describes it as a 'global communist takeover plan'.
[36][3] Sixsmith described sections of the book as "earnest", glum, dutiful and bland.[36] He questioned
the concept of "stakeholder capitalism" as overly vague, allowing "Facebook, IBM, Lockheed Martin et
cetera are free to interpret it quite as they wish".[36]

The Great Reset (2021)

The Great Reset will also be the main theme of the WEF's 2021 summit in Lucerne.[6]

Conspiracy theory by the same name

A November 2020 article said that the Great Reset conspiracy theory, was the first in the Presidency
of Joe Biden.[1 11] A January 30, 2021 article in The Economist said that the United States has a "rich
history of conspiracism, due to its anti-government, apocalyptic religious and entrepreneurial
traditions."[1 12] According to the article, 50% of Trump's supporters espoused QAnon "core
falsehoods" that Trump was "leading the fight" against a corrupt, global, and high-level "Democratic
child-sex operation".[1 12] Trump promoted the QAnon conspiracy which combined a number of
"fabrications into a single narrative."[1 12] With the COVID-19 pandemic combined with presidential
election, the "far-reaching and baseless QAnon conspiracy" has spread worldwide. Adherents believe
they are an "embattled minority"—the only ones that "know 'the truth'." Main stream media outlets
such as The New York Times, the BBC, and The Guardian traced the spread of the latest conspiracy
theory on the great reset, which had integrated the anti-lockdown conspiracies, to far-right internet
personalities and groups—some also supporting the QAnon conspiracy theory—including Candace
Owens, Glenn Beck, Fox News' Laura Ingraham and Tucker Carlson.[1 10][1 13][1 3][37] and by Paul
Joseph Watson.[1 14] and the UK-based editor of Alex Jones' far-right conspiracy website Infowars
where he advocated for the New World Order among others.[1 15]

In series on the November 2020, election, National Observer's Emma Graney provided a synopsis of
QAnon in Canada, saying that the conspiracy theory, which is "unsubstantiated and untethered to
reality", is an "unfortunate cultural import from the United States" that has been present since
October 2017.[1 16]

The July 2020 Rideau Hall attack targeting Prime Minister Trudeau, was undertaken by a QAnon
adherent[1 17]—Trudeau is included among the global elites. An October 29, 2020 article by Snopes, a
well-regarded fact-checking website,[1 18] traced the origins of a chain email posted on conspiracy
forums from a member of a non-existent committee within the Liberal Party of Canada that leaked
Canada's secret "COVID Global Reset Plan", to the QAnon-dedicated "Q Research" board on
8kun.[1 19]

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By Monday November 17, 2020, a short video of Trudeau's speech in which he described key points of
the concept of an economic "reset" had gone viral,[1 2] as it reigniting fervor over the Great Reset
conspiracy theory that had taken on a new life with the launching of the forum in May.[1 20] By
November 2020, Canadian conservative political commentators such as Ezra Levant and politician
Maxime Bernier, who lamented on his webpage on November 17 that he was the only Canadian
politician speaking up against the globalist threat with Trudeau as the "world's most prominent
defender" of this Great Reset,[1 1][1 9][1 10] along with Pierre Poilievre, an MP,[1 21] were cited in the
media for criticizing Trudeau's speech. They claimed the rhetoric resembled that of the Great Reset
conspiracy.[1 7] When Poilievre circulated a petition to "Stop the Reset", Le Devoir headlined an
article saying that the Conservative Party was embracing conspiracy theories.[1 7][1 20] The Toronto
Star editorial board criticized Poilievre for "giving oxygen" to the baseless conspiracy theory,[1 22]
with some suggesting his post was related to a possible federal election.[1 9][1 7][Notes 1]

Notes
1. Prime Minister Trudeau's use of the term "reset" was interpreted by conspiracy theorists as
evidence of a great reset conspiracy that they had been predicting for months. (https://www.thesta
r.com/politics/federal/2020/11/19/a-conservative-mp-warns-that-justin-trudeau-wants-a-great-reset
-conspiracy-theorists-are-worried-too.html) Archived (https://web.archive.org/web/2020112023532
4/https://www.thestar.com/politics/federal/2020/11/19/a-conservative-mp-warns-that-justin-trudeau
-wants-a-great-reset-conspiracy-theorists-are-worried-too.html) 2020-11-20 at the Wayback
Machine Polievre was repeating the messaging of conspiracy theorists that included the
controversial petition (https://www.ncregister.com/blog/cardinals-bishops-sign-appeal-against-coro
navirus-restrictions) Archived (https://web.archive.org/web/20201216212546/https://www.ncregist
er.com/blog/cardinals-bishops-sign-appeal-against-coronavirus-restrictions) 2020-12-16 at the
Wayback Machine written by Archbishop, Carlo Maria Viganò and spread in the conservative
Catholic community—including "CatholicVote", an organization that supported Trump's re-election
—alleged that "disproportionate and unjustifiable" Covid-19 restrictions were part of plot in which
"foreign powers" and "shady business interests" were planning on using "subtle forms of
dictatorship" with the ultimate goal of forming "a world government." Sections of this letter were
included in an article by the The Spectator columnist, James Delingpole—a key proponent of the
great reset conspiracy theory (https://www.theguardian.com/commentisfree/2020/dec/04/great-res
et-capitalism-became-anti-lockdown-conspiracy) Archived (https://web.archive.org/web/20201220
131155/https://www.theguardian.com/commentisfree/2020/dec/04/great-reset-capitalism-became-
anti-lockdown-conspiracy) 2020-12-20 at the Wayback Machine—a version of the anti-lockdown
conspiracy. Conspiracy theorists see a connection between a 2016 WEF blog by a young Danish
MP, describing a scenario for 2030 (https://www.weforum.org/agenda/2016/11/how-life-could-chan
ge-2030/) Archived (https://web.archive.org/web/20210201173846/https://www.weforum.org/agen
da/2016/11/how-life-could-change-2030/) 2021-02-01 at the Wayback Machine, and Joe Biden
2020 presidential campaign's "Build Back Better", as well as Canadian Prime Minister Justin
Trudeau's September 29, 2020 6-minute address to the UN General Assembly, in which he said
"This pandemic has provided an opportunity for a reset. (https://www.youtube.com/watch?t=310&
v=n2fp0Jeyjvw&feature=youtu.be) Archived (https://web.archive.org/web/20210115003646/https://
www.youtube.com/watch?t=310&v=n2fp0Jeyjvw&feature=youtu.be) 2021-01-15 at the Wayback
Machine This is our chance to accelerate our pre-pandemic efforts to reimagine economic
systems that actually address global challenges like extreme poverty inequality and climate
change." They alleged without evidence that "global financial elites" and world leaders have
planned a pandemic, deliberately letting loose the coronavirus to cause the conditions that will
allow a restructuring of the world's governments. Conspiracy theorists claim that such a regime

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would abolish personal ownership and property rights, send the military into cities, impose
mandatory vaccination, and create isolation camps for people who resist. — Evon, Dan (October
29, 2020). "Was Canada's Draconian COVID 'Global Reset Plan' Leaked to the Public?" (https://w
ww.snopes.com/fact-check/canada-global-reset-plan-leak/). Snopes. Archived (https://web.archiv
e.org/web/20210204075521/https://www.snopes.com/fact-check/canada-global-reset-plan-leak/)
from the original on February 4, 2021. Retrieved November 21, 2020. - Goforth, Claire (November
16, 2020). "Trudeau speech reignites conspiracy theory fervor over 'Great Reset' " (https://www.da
ilydot.com/debug/great-reset-conspiracy-theory/). The Daily Dot. Archived (https://web.archive.org
/web/20201116171312/https://www.dailydot.com/debug/great-reset-conspiracy-theory/) from the
original on November 16, 2020. Retrieved November 18, 2020. In some variations of the theory,
then-US President Donald Trump was the only world leader keeping the scheme from happening,
based on a video from August 2020 which has been viewed over three million times. According to
the BBC, flaws with the conspiracy theory include that the WEF lacks authority to tell countries
what to do. The BBC (https://www.bbc.co.uk/news/55017002) Archived (https://web.archive.org/w
eb/20201122005829/https://www.bbc.co.uk/news/55017002) 2020-11-22 at the Wayback Machine
has also indicated that proponents of the conspiracy theory claim, without evidence, that
politicians planned the COVID-19 pandemic, or that they are using the COVID-19 pandemic to
destroy the global market-based economy.

References
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(https://www.theguardian.com/uk-news/2020/jun/03/pandemic-is-chance-to-reset-global-economy-
says-prince-charles). The Guardian. Archived (https://web.archive.org/web/20201117152600/http
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Great Reset - Wikipedia https://en.wikipedia.org/wiki/Great_Reset

External links
World Economic Forum (2020). "Podcasts (https://www.weforum.org/focus/podcasts)" (collection
including "The Great Reset").
World Economic Forum (2020). "The Great Reset (https://www.weforum.org/great-reset)" (official
initiative website).

Retrieved from "https://en.wikipedia.org/w/index.php?title=Great_Reset&oldid=1004768127"

This page was last edited on 4 February 2021, at 08:03 (UTC).

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