By Justin Haskins, Viewpoint Contributor 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 effort by the World Economic Forum The Great Reset is the name of the 50th annual meeting of the World Economic Forum (WEF), kept in June 2020. It brought together high-profile company 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 currently its CEO, described 3 core parts of the Great Reset. The very first involves developing conditions for a "stakeholder economy"; the 2nd component includes building in a more "resistant, equitable, and sustainable" waybased on environmental, social, and governance (ESG) metrics which would integrate more green public infrastructure tasks.
In her keynote speech opening the discussions, International Monetary Fund director Kristalina Georgieva, listed 3 crucial elements of the sustainable actiongreen development, smarter development, and fairer development. A speech by Prince Charles at the launch occasion for The Great Reset, noted crucial areas for actionsimilar to those noted in his Sustainable Markets Initiative, presented in January 2020. These consisted of the re-invigoration of science, technology and innovation, a move towards net zero transitions worldwide, the intro of carbon pricing, re-inventing longstanding incentive structures, rebalancing investments to include more green financial investments, and encouraging green public infrastructure projects. In June 2020, the theme of the January 2021 51st World Economic Forum Yearly Meeting was announced as "The Great Reset", connecting both in-person and online worldwide leaders in Davos with a multi-stakeholder network in 400 cities all over the world.
According to, the BBC,, and Radio Canada, "baseless" conspiracy theories spread out by American far-right groups linked to QAnon, resurged at the onset of the Great Reset online forum and increased in fervor as leaders such as the recently elected U.S. President Joe Biden and Canadian Prime Minister incorporated concepts based on a "reset" in their speeches. By mid-April 2020, versus the backdrop of COVID-19 pandemic, the coronavirus economic downturn, the 2020 stock exchange crash, the 2020 Russia, Saudi Arabia oil price war and the resulting "collapse in oil prices", the former Guv of the Bank of England, Mark Carney, described possible essential modifications in a post in.