By Justin Haskins, Opinion Factor 12/03/20 11:30 AM EST The views expressed by factors are their own and not the view of The Hill.
Post-COVID-19 pandemic initiative by the World Economic Online Forum The Great Reset is the name of the 50th annual meeting of the World Economic Online Forum (WEF), held in June 2020. It brought together prominent company and politicians, assembled by the Prince of Wales and the WEF, with the theme of restoring society and the economy in what is declared to be a more sustainable method following the COVID-19 pandemic. Klaus Schwab, who founded the WEF in 1971 and is currently its CEO, described three core components of the Great Reset. The very first includes producing conditions for a "stakeholder economy"; the second component consists of building in a more "resistant, fair, and sustainable" waybased on ecological, social, and governance (ESG) metrics which would integrate more green public facilities projects.
In her keynote speech opening the discussions, International Monetary Fund director Kristalina Georgieva, listed 3 crucial elements of the sustainable reactiongreen growth, smarter growth, and fairer growth. A speech by Prince Charles at the launch occasion for The Great Reset, listed essential locations for actionsimilar to those noted in his Sustainable Markets Initiative, introduced in January 2020. These included the re-invigoration of science, innovation and innovation, a move towards internet no transitions internationally, the introduction of carbon pricing, re-inventing longstanding reward structures, rebalancing investments to include more green financial investments, and encouraging green public facilities projects. In June 2020, the theme of the January 2021 51st World Economic Online Forum Annual Meeting was revealed as "The Great Reset", linking both in-person and online international leaders in Davos with a multi-stakeholder network in 400 cities all over the world.
According to, the BBC,, and Radio Canada, "unwarranted" conspiracy theories spread by American far-right groups linked to QAnon, resurged at the onset of the Great Reset online forum and increased in eagerness as leaders such as the recently elected U.S. President Joe Biden and Canadian Prime Minister included ideas based upon a "reset" in their speeches. By mid-April 2020, against the background of COVID-19 pandemic, the coronavirus recession, the 2020 stock market crash, the 2020 Russia, Saudi Arabia oil price war and the resulting "collapse in oil rates", the previous Governor of the Bank of England, Mark Carney, described possible fundamental modifications in an article in.