Post-COVID-19 pandemic initiative by the World Economic Forum
"The Great Reset" redirects here. For the 2010 book, see The Great Reset (book). For the 2020 book, see Great Reset § Books.
The Great Reset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic.[1] The project was launched in June 2020, with a video featuring the then-Prince of Wales Charles released to mark its launch.[2] The initiative's stated aim is to facilitate rebuilding from the global COVID-19 crisis in a way that prioritizes sustainable development.[3]
WEF chief executive officer Klaus Schwab described three core components of the Great Reset: creating conditions for a "stakeholder economy"; building in a more "resilient, equitable, and sustainable" way, utilising environmental, social, and governance (ESG) metrics; and "harness[ing] the innovations of the Fourth Industrial Revolution."[4][5] In a speech introducing the initiative, International Monetary Fund director Kristalina Georgieva listed three key aspects of a sustainable response to COVID-19: green growth, smarter growth, and fairer growth.[3][6]
"The Great Reset" was to be the theme of the 2021 World Economic Forum annual summit in Davos, Switzerland, scheduled for January 2021.[7] Due to disruption from COVID-19, the summit was postponed to May 2021, and again to 2022.[8][9] The Davos 2022 theme was "History at a Turning Point", and the summit was dominated by the Russian invasion of Ukraine.[10]
The Great Reset Initiative, and the World Economic Forum more generally,[11] have been criticised by some commentators for promoting economic deregulation and a greater role in policy for unrepresentative private businesses, particularly large multinational corporations, at the expense of government institutions.[12][13] Other commentators attacked the scheme for fixating on the concept of education, health and vastly overestimating the ability of a group of decision makers to bring about global change,[14] or for promoting crony capitalism.[15]
The initiative triggered a range of diverse conspiracy theories spread by conservative commentators on social media such as YouTube, Tumblr, MySpace, Facebook and Twitter. Among the unsupported theories were the assertions that the COVID-19 pandemic was created by a secret group in order to seize control of the global economy,[1] that lockdown restrictions were deliberately designed to induce economic meltdown,[16] or that a global elite was attempting to abolish private property while using COVID-19 to enslave humanity with vaccines.[17][12] Great Reset conspiracy theories increased in intensity when leaders such as U.S. president Joe Biden, New Zealand prime minister Jacinda Ardern and Canadian prime minister Justin Trudeau incorporated ideas of a post-COVID-19 "reset" in their speeches.[1][18]
^ abcGoodman, Jack; Carmichael, Flora (22 November 2020). "The coronavirus pandemic "great reset" theory and a false vaccine claim debunked". BBC News. Archived from the original on 22 November 2020. Retrieved 22 November 2020.
^"The Great Reset: What is it?". Full Fact. 14 April 2022. Archived from the original on 4 August 2022. Retrieved 4 August 2022.
^ abInman, Phillip (3 June 2020). "Pandemic is chance to reset global economy, says Prince Charles". The Guardian. Archived from the original on 17 November 2020. Retrieved 18 November 2020.
^Schwab, Klaus (3 June 2020). "Now is the time for a 'great reset'". World Economic Forum. Archived from the original on 30 January 2021. Retrieved 1 February 2021.
^Schwab, Klaus; Malleret, Thierry (9 July 2020). COVID-19: The Great Reset. Agentur Schweiz. ISBN 978-2-940631-12-4.
^Georgieva, Kristalina (3 June 2020). "Remarks to World Economic Forum". The Great Reset. Archived from the original on 26 January 2021. Retrieved 26 January 2021.
^"Event: World Economic Forum Annual Meeting 2021". International Institute for Sustainable Development (IISD). SDG Knowledge Hub. Archived from the original on 27 January 2021. Retrieved 26 January 2021.
^"2021 Davos summit shifted to Lucerne in May". France 24. 7 October 2020. Archived from the original on 1 November 2020. Retrieved 18 November 2020.
^"WEF cancels 2021 annual meeting, says next summit in 1st half of 2022". The Economic Times. Archived from the original on 5 August 2021. Retrieved 5 August 2021.
^Gayle, Markovitz; Samantha, Sault (3 June 2022). "6 themes at Davos 2022 that will define what happens next". World Economic Forum. Archived from the original on 4 August 2022. Retrieved 4 August 2022.
^Martens, Jens (2020). "The Role of Public and Private Actors and Means in Implementing the SDGS: Reclaiming the Public Policy Space for Sustainable Development and Human Rights". Sustainable Development Goals and Human Rights. Interdisciplinary Studies in Human Rights. Vol. 5. pp. 207–220. doi:10.1007/978-3-030-30469-0_12. ISBN 978-3-030-30468-3. S2CID 213580432. Archived from the original on 17 August 2021. Retrieved 17 August 2021.
^ abIvan, Wecke (16 August 2021). "Conspiracy theories aside, there is something fishy about the Great Reset". openDemocracy. Archived from the original on 4 April 2022. Retrieved 4 August 2022.
^Klein, Naomi (8 December 2020). "The Great Reset Conspiracy Smoothie". The Intercept. Archived from the original on 13 December 2020. Retrieved 14 December 2020.
^Roth, Steffen (22 January 2021). "The Great Reset. Restratification for lives, livelihoods, and the planet". Technological Forecasting & Social Change. 166: 120636. doi:10.1016/j.techfore.2021.120636. ISSN 0040-1625. PMC 9757815. PMID 36569031. Archived from the original on 10 November 2022. Retrieved 10 November 2022.
^Foss, Nicolai (27 April 2022). "The economy doesn't need a reset, and neither does management theory". Scandinavian Journal of Management. 38 (3): 101214. doi:10.1016/j.scaman.2022.101214. ISSN 0956-5221. S2CID 248794634.
^"What is the Great Reset - and how did it get hijacked by conspiracy theories?". BBC News. 24 June 2021. Archived from the original on 4 August 2022. Retrieved 4 August 2022.
^Zimonjic, Peter (3 September 2022). "World Economic Forum official says Canada has bigger issues to discuss than conspiracy theories". CBC News. Archived from the original on 7 September 2022. Retrieved 8 September 2022.
^De Rosa, Nicholas (18 November 2020). "Le "Great Reset" n'est pas un complot pour contrôler le monde". Radio-Canada (in French). Canadian Broadcasting Corporation. Archived from the original on 20 November 2020. Retrieved 27 January 2021.
The GreatReset Initiative is an economic recovery plan drawn up by the World Economic Forum (WEF) in response to the COVID-19 pandemic. The project was...
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Suddenly, which promotes misinformation about COVID-19 vaccines and GreatReset conspiracy theories. Peters publishes the videos on Rumble, using Twitter...
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Nicholas Davis. New York: Crown Publishing Group (2018). COVID-19: The GreatReset, with Thierry Malleret. Forum Publishing (2020). ISBN 978-2940631124...
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