By Justin Haskins, Viewpoint 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 Online 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 political leaders, assembled by the Prince of Wales and the WEF, with the theme 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 currently its CEO, described three core elements of the Great Reset. The very first involves creating conditions for a "stakeholder economy"; the 2nd element consists of structure in a more "durable, equitable, and sustainable" waybased on environmental, social, and governance (ESG) metrics which would include more green public infrastructure jobs.
In her keynote speech opening the dialogues, International Monetary Fund director Kristalina Georgieva, listed 3 essential aspects of the sustainable responsegreen development, smarter growth, and fairer growth. A speech by Prince Charles at the launch event for The Fantastic Reset, noted essential locations for actionsimilar to those listed in his Sustainable Markets Initiative, introduced in January 2020. These consisted of the re-invigoration of science, technology and innovation, a relocation towards net no shifts internationally, the intro of carbon rates, re-inventing longstanding incentive structures, rebalancing investments to include more green investments, and encouraging green public infrastructure projects. In June 2020, the style of the January 2021 51st World Economic Online Forum Yearly Meeting was revealed as "The Great Reset", connecting both in-person and online international leaders in Davos with a multi-stakeholder network in 400 cities worldwide.
According to, the BBC,, and Radio Canada, "unwarranted" conspiracy theories spread by American far-right groups connected to QAnon, resurged at the onset of the Great Reset forum and increased in fervor as leaders such as the freshly elected U.S. President Joe Biden and Canadian Prime Minister included ideas based upon a "reset" in their speeches. By mid-April 2020, versus the background of COVID-19 pandemic, the coronavirus economic crisis, the 2020 stock exchange crash, the 2020 Russia, Saudi Arabia oil rate war and the resulting "collapse in oil rates", the former Governor of the Bank of England, Mark Carney, described possible basic changes in a short article in.