By Justin Haskins, Opinion 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 initiative by the World Economic Forum The Great Reset is the name of the 50th annual conference of the World Economic Online Forum (WEF), held in June 2020. It brought together prominent company and political leaders, convened by the Prince of Wales and the WEF, with the theme of rebuilding society and the economy in what is claimed to be a more sustainable method following the COVID-19 pandemic. Klaus Schwab, who established the WEF in 1971 and is currently its CEO, explained 3 core parts of the Great Reset. The first includes creating conditions for a "stakeholder economy"; the 2nd component includes structure in a more "resistant, equitable, and sustainable" waybased on ecological, social, and governance (ESG) metrics which would integrate more green public infrastructure projects.
In her keynote speech opening the discussions, International Monetary Fund director Kristalina Georgieva, listed three essential aspects of the sustainable actiongreen growth, smarter development, and fairer development. A speech by Prince Charles at the launch occasion for The Fantastic Reset, listed essential areas for actionsimilar to those listed in his Sustainable Markets Initiative, introduced in January 2020. These consisted of the re-invigoration of science, innovation and innovation, a move towards net no transitions worldwide, the introduction of carbon rates, re-inventing longstanding reward structures, rebalancing investments to include more green investments, and encouraging green public facilities projects. In June 2020, the theme of the January 2021 51st World Economic Online Forum Yearly Meeting was announced as "The Great Reset", linking both in-person and online global leaders in Davos with a multi-stakeholder network in 400 cities around the world.
According to, the BBC,, and Radio Canada, "baseless" conspiracy theories spread out by American far-right groups connected to QAnon, resurged at the beginning of the Great Reset online forum and increased in fervor as leaders such as the freshly elected U.S. President Joe Biden and Canadian Prime Minister incorporated ideas based upon a "reset" in their speeches. By mid-April 2020, versus the background of COVID-19 pandemic, the coronavirus economic downturn, the 2020 stock exchange crash, the 2020 Russia, Saudi Arabia oil rate war and the resulting "collapse in oil prices", the previous Guv of the Bank of England, Mark Carney, explained possible fundamental changes in a short article in.