Time Magazine announces ‘The Great Reset’ to usher in world socialism

 
The subtitle for the Time feature proposes a special occasion of the present moment for such an initiative, asserting 'The COVID-19 pandemic has provided a unique opportunity to think about the kind of future we want… to share ideas for how to transform the way we live and work.'

October 30, 2020 (LifeSiteNews) — Time magazine has devoted an entire issue to promoting an initiative called “The Great Reset,” referred to by one commentator as “the Green New Deal on steroids” which will seek to “advance socialist ideals, including the destruction of capitalism and individual rights.”

According to the World Economic Forum (WEF), the primary sponsor of the initiative, “The Great Reset” seeks to address “an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis,” with an expanded goal of improving “the state of the world.” 

The WEF was founded by German Professor Klaus Schwab in 1971 and has been gathering “heads of state, billionaires, and heads of big business” yearly to discuss “economical and governance issues… common world rules to supersede national sovereign decisions, promoting nondiscrimination, ‘to transform economies and societies.’”

The subtitle for the Time feature proposes a special occasion of the present moment for such an initiative, asserting “The COVID-19 pandemic has provided a unique opportunity to think about the kind of future we want… to share ideas for how to transform the way we live and work.”

Repeating this theme in the brief video below, Schwab announces: “The COVID-19 crisis has shown us that our old systems are not fit anymore for the 21stcentury. It has laid bare the fundamental lack of social cohesion, fairness, inclusion, and equality. Now is the historical moment, the time, not only to fight the virus but to shape the system … for the post COVID era… In short, we need a Great Reset!”

 Repeating this theme in the brief video below, Schwab announces: “The COVID-19 crisis has shown us that our old systems are not fit anymore for the 21stcentury. It has laid bare the fundamental lack of social cohesion, fairness, inclusion, and equality. Now is the historical moment, the time, not only to fight the virus but to shape the system … for the post COVID era… In short, we need a Great Reset!”


In his contribution to this special issue of Time, Prof. Schwab expands upon the meaning of “The Great Reset” in an article titled “A Better Economy Is Possible. But We Need to Reimagine Capitalism to Do It.”

Celebrating “the only immediate upside” to the COVID-19 crisis, “the drop in greenhouse-gas emissions, which brought slight, temporary relief to the planet’s atmosphere,” Schwab went on to announce, “there are reasons to believe that a better economic system is possible—and that it could be just around the corner.”

Admiring the “cooperation between governments and business” in developing SARS-CoV-2 vaccines, the WEF executive chairman hoped that such patterns of collaboration “can become a feature of our economic systems rather than a rare exception.”
 
To accomplish these ends, particularly with regards to “social and governance goals,” Dr. Schwab proposes something called “Stakeholder Capitalism Metrics” which are additional non-financial disclosures for companies in their annual reports.

These metrics would include answering questions such as: “What is the gender pay gap in company X? How many people of diverse backgrounds were hired and promoted? What progress has the company made toward reducing its greenhouse-gas emissions? How much did the company pay in taxes globally and per jurisdiction?”

In another article on the WEF website, Schwab affirms that “The Great Reset,” will “require stronger and more effective governments” and the “creating … [of] incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.” 

He also asserts that “the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions.” 

“Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a ‘Great Reset’ of capitalism,” Schwab continues.

 s further explained, by Sharan Burrow, general secretary of the International Trade Union Confederation, the global economy needs “rebalancing.”

“We need to design policies to align with investment in people and the environment,” Burrow said. “But above all, the longer-term perspective is about rebalancing economies.”

In an August 6 video presentation on “The Great Reset,” editor of The Remnant, Michael Matt addressed the connection between the coronavirus crisis and the lockdowns.

 
 Read Complete Editorial Here: Life Site News

Time Magazine announces ‘The Great Reset’ to usher in world socialism Time Magazine announces ‘The Great Reset’ to usher in world socialism Reviewed by PostDiscus on October 31, 2020 Rating: 5

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