Well let's see what is in MSM on this topic.
Wikipedia defines it as follows -
The Great Reset is a proposal by the World Economic Forum (WEF) to rebuild the economy sustainably following the COVID-19 pandemic. It was unveiled in May 2020 by the United Kingdom's Prince Charles and WEF director Klaus Schwab. It seeks to improve capitalism by making investments more geared toward mutual progress and focusing more on environmental initiatives. A petition in Canada to stop it gained 80,000 signatures in less than 72 hours. A conspiracy theory has spread in response, claiming it will be used to bring in a supposed New World Order.
According to the World Economic Forum (WEF), the COVID-19 pandemic presents an opportunity to shape an economic recovery and the future direction of global relations, economies, and priorities. When Britain's Prince Charles introduced the plan, he stated that it would only happen if people wanted it.
According to Prince Charles, the economic recovery must put the world on a path to sustainability, with systems being redesigned to help. Carbon pricing was mentioned as a way to help achieve sustainability. He also outlined that innovations, science, and technology need to be reinvigorated so we can achieve significant breakthroughs that help us make sustainable ideas more profitable. According to the WEF, we should also adapt to the current reality by directing the market to fairer results, ensure investments are aimed at mutual progress including accelerating ecologically friendly investments, and to start a fourth industrial revolution, creating digital economic and public infrastructure.
Prince Charles emphasized that the private sector would be the main drivers of the plan. According to Klaus Schwab, they would not change the economic system, but rather improve it to what he considers to be "responsible capitalism". A book written by Schwab and economist Thierry Malleret was published detailing the plan. It will be the main theme of the WEF's 2021 summit.
Justin Haskins - The Hill states -
For decades, progressives have attempted to use climate change to justify liberal policy changes. But their latest attempt - a new proposal called the "Great Reset" - is the most ambitious and radical plan the world has seen in more than a generation.
At a virtual meeting earlier in June hosted by the World Economic Forum, some of the planet's most powerful business leaders, government officials and activists announced a proposal to "reset" the global economy. Instead of traditional capitalism, the high-profile group said the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs.
"Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed," wrote Klaus Schwab, the founder and executive chairman of the World Economic Forum, in an article published on WEF's website. "In short, we need a 'Great Reset' of capitalism."
Schwab also said that "all aspects of our societies and economies" must be "revamped," "from education to social contracts and working conditions."
Joining Schwab at the WEF event was Prince Charles, one of the primary proponents of the Great Reset; Gina Gopinath, the chief economist at the International Monetary Fund; António Guterres, the secretary-general of the United Nations; and CEOs and presidents of major international corporations, such as Microsoft and BP.
Activists from groups such as Greenpeace International and a variety of academics also attended the event or have expressed their support for the Great Reset.
Although many details about the Great Reset won't be rolled out until the World Economic Forum meets in Davos in January 2021, the general principles of the plan are clear: The world needs massive new government programs and far-reaching policies comparable to those offered by American socialists such as Sen. Bernie Sanders (I-Vt.), and Rep. Alexandria Ocasio-Cortez (D-N.Y.) in their Green New Deal plan.
Or, put another way, we need a form of socialism - a word the World Economic Forum has deliberately avoided using, all while calling for countless socialist and progressive plans.
"We need to design policies to align with investment in people and the environment," said the general secretary of the International Trade Union Confederation, Sharan Burrow. "But above all, the longer-term perspective is about rebalancing economies."
One of the main themes of the June meeting was that the coronavirus pandemic has created an important "opportunity" for many of the World Economic Forum's members to enact their radical transformation of capitalism, which they acknowledged would likely not have been made possible without the pandemic.
"We have a golden opportunity to seize something good from this crisis - its unprecedented shockwaves may well make people more receptive to big visions of change," said Prince Charles at the meeting, adding later, "It is an opportunity we have never had before and may never have again."
You might be wondering how these leaders plan to convince the world to completely alter its economy over the long run, since the COVID-19 pandemic most assuredly won't remain a crisis forever. The answer is that they've already identified another "crisis" that will require expansive government intervention: Climate change.
"The threat of climate change has been more gradual [than COVID-19]-but its devastating reality for many people and their livelihoods around the world, and its ever greater potential to disrupt, surpasses even that of Covid-19," Prince Charles said.
Of course, these government officials, activists and influencers can't impose a systemic change of this size on their own. Which is why they have already started to activate vast networks of left-wing activists from around the world, who will throughout 2021 demand changes in line with the Great Reset.
According to the World Economic Forum, its 2021 Davos summit will include thousands of members of the Global Shapers Community, youth activists located in 400 cities across the planet.
The Global Shapers program was involved in the widespread "climate strikes" of 2019, and more than 1,300 have already been trained by the Climate Reality Project, the highly influential, well-funded climate activist organization run by former Vice President Al Gore, who serves on the World Economic Forum's Board of Trustees.
For those of us who support free markets, the Great Reset is nothing short of terrifying. Our current crony capitalist system has many flaws, to be sure, but granting more power to the government agents who created that crony system and eroding property rights is not the best way forward. America is the world's most powerful, prosperous nation precisely because of the very market principles the Great Reset supporters loathe, not in spite of them.
Making matters worse, the left has already proven throughout the COVID-19 pandemic that it can radically transform political realities in the midst of a crisis, so it's not hard to see how the Great Reset could eventually come to fruition.
Can you imagine George W. Bush or Bill Clinton printing trillions of dollars and mailing it to millions of people who didn't lose their jobs? This would have been unthinkable just a couple of decades ago. Today, this policy garners bipartisan support.
Prince Charles was right: The present pandemic is a "golden opportunity" for radical change. And if Al Gore, Prince Charles and the rest of the World Economic Forum can convince enough people that attempting to stop climate change is also worth dramatically pushing humanity toward greater government control, then radical - and catastrophic - change is exactly what we're going to get.
United Nations state -
The world must stop building new coal power plants and instead embrace green alternatives in a post-coronavirus reset world, U.N. Secretary-General Antonio Guterres said on Saturday.
Speaking via video message to the East Asia Summit 2020, Guterres called on all countries to reject coal and join together in seeking other alternatives.
To that end, Guterres demanded efforts be made to “use the COVID-19 recovery effort to build green climate-resilient economies and work towards carbon neutrality by 2050.”
“This will, incidentally, also drive the job creation that will reduce inequality and address the air pollution that is choking many Asian cities. I commend the recent decisions of China, Japan and the Republic of Korea committing to net zero emissions,” the veteran Portugese socialist added.
“Countries also need to put a price on carbon and end subsidies for fossil fuels. Our response to the COVID-19 crisis must be aligned with the Paris Agreement and Sustainable Development Goals. In all these efforts, you can count on the support of the United Nations system.”
His call mirrors that by the World Economic Forum (WEF) back in July foreshadowing its desire to rebuild the world in a fashion of its own design once the coronavirus pandemic is over.
European Union activities -
A bolder Europe is emerging on the world stage — can the EU unify to tackle international challenges?
For a while, it seemed that the European Union lost some of its international luster. The world’s largest economy has been bogged down by internal divisions and domestic woes: financial crunches, Brexit, the ongoing migrant crisis and nationalist populism. But something new is in the air.
Europe is taking decisive action and making serious inroads into global geopolitics. EU leaders are signing deals with China, taking on Russia and recently passed a 750 billion euro ($874 billion) recovery package to combat the internal effects of coronavirus. Dr. Daniela Schwarzer, director of the German Council on Foreign Relations joined the Altamar Podcast team of Peter Schechter and Muni Jensen to make sense of the continent’s seeming resurgence. Previously, Schwarzer was the senior director of research for the German Marshall Fund in the U.S., for which she also headed its Europe program in Berlin. Since 2014, Schwarzer has also held a senior research professorship at Johns Hopkins University’s School of Advanced International Studies in Washington, D.C./Bologna and has taught and lectured in universities across the U.S. and Europe, along with serving on various advisory boards concerning European foreign relations.
Europe is taking the empty U.S. seat on the world stage, says Schwarzer: “Europe feels there is a gap to fill, mainly one left behind by the United States. … [the U.S. administration’s] approach to both the transatlantic relationship and multilateralism has really pushed Europe forward.” In turn, according to Schwarzer, “The natural question for Europeans is, what can we do to maintain what we think are structures of global order that have been beneficial to us but that also provide stability and peace around the world?” That means some surprising bold fiscal policies from EU leaders. Germany, for instance, which used to shun European proposals of joint debt liability, has signed on for the EU’s massive debt-fueled recovery fund.
According to Schwarzer, unity and recovery are the big draw: “The single market is a key market for us, and Germany greatly benefits from the existence of the Euro.” And, she points out, the German government still “doesn’t agree to the neutralization of existing debt.” Strengthening Europe’s economic cohesion will “not only enhance the competitiveness of our economies, but also make sure that the social fabric is stable. … If people are frustrated, they are tempted to vote for parties that are nationalistic, populist, anti-internationalist,” says Schwarzer. Meanwhile, the EU is taking stronger action against authoritarian leaders that don’t play by the rules. According to Schwarzer, there’s a newfound consensus that Russia poses a growing threat to the region: “In all the capitals of Europe, there’s a very serious debate going on about … what can be done, which leverage can be used to bring about a change in Russia’s policy.” The boosted confrontation with [President] Vladimir Putin was triggered by the poisoning of opposition leader Alexei Navalny, which created “this feeling of the last straw needed to break the camel’s back.”
Regarding Beijing, Schwarzer sees opportunity for greater collaboration: “When we look at China, there needs to be a positive agenda with regards to handling climate change and mutual economic interests.” But first, EU leaders must encourage China to move toward a more open trading system without “huge state subsidies, unequal market access and other issues that are of concern to European companies working in the Chinese market.”
The ability to find consensus with China is a key example of the need for European unity. According to Schwarzer, China has tried to “divide the EU-27 by creating the 17+1 initiative, which brings together basically those countries that are willing to work more closely with China but leaves the EU level out. So here is the internal challenge for the European Union: It needs to work on unifying the EU member states and make them adopt a joint position on China.”
Looking to a post-COVID world, Schwarzer believes that the European experiment has much to teach the rest of the world. “Europe stands for a model, and that is a model of liberal democratic states and open economies.” In order to live up to its vision, Schwarzer lays out two steps. “One is to consolidate and modernize internally and really make sure that societies are resilient and democracies are resilient going forward.”
And externally, it “has to be a more vocal international voice when it comes to the shaping of global order and crisis management…not only in the triangle with the U.S. and China … but also other actors who are hugely important in the world, like India, Africa and others. Here, more can be built.”