Now is the time for a 'Great Reset' (Globalism Will Save the World)

The changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible.

This is our best chance to instigate stakeholder capitalism - and here's how it can be achieved.

COVID-19 lockdowns may be gradually easing, but anxiety about the world’s social and economic prospects is only intensifying. There is good reason to worry: a sharp economic downturn has already begun, and we could be facing the worst depression since the 1930s. But, while this outcome is likely, it is not unavoidable.

To achieve a better outcome, 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.

There are many reasons to pursue a Great Reset, but the most urgent is COVID-19. Having already led to hundreds of thousands of deaths, the pandemic represents one of the worst public-health crises in recent history. And, with casualties still mounting in many parts of the world, it is far from over.

This will have serious long-term consequences for economic growth, public debt, employment, and human wellbeing. According to the Financial Times, global government debt has already reached its highest level in peacetime. Moreover, unemployment is skyrocketing in many countries: in the US, for example, one in four workers have filed for unemployment since mid-March, with new weekly claims far above historic highs. The International Monetary Fund expects the world economy to shrink by 3% this year – a downgrade of 6.3 percentage points in just four months.

All of this will exacerbate the climate and social crises that were already underway. Some countries have already used the COVID-19 crisis as an excuse to weaken environmental protections and enforcement. And frustrations over social ills like rising inequality – US billionaires’ combined wealth has increased during the crisis – are intensifying.

Left unaddressed, these crises, together with COVID-19, will deepen and leave the world even less sustainable, less equal, and more fragile. Incremental measures and ad hoc fixes will not suffice to prevent this scenario. We must build entirely new foundations for our economic and social systems.

The level of cooperation and ambition this implies is unprecedented. But it is not some impossible dream. In fact, one silver lining of the pandemic is that it has shown how quickly we can make radical changes to our lifestyles. Almost instantly, the crisis forced businesses and individuals to abandon practices long claimed to be essential, from frequent air travel to working in an office.

Likewise, populations have overwhelmingly shown a willingness to make sacrifices for the sake of health-care and other essential workers and vulnerable populations, such as the elderly. And many companies have stepped up to support their workers, customers, and local communities, in a shift toward the kind of stakeholder capitalism to which they had previously paid lip service.

Clearly, the will to build a better society does exist. We must use it to secure the Great Reset that we so badly need. That will require stronger and more effective governments, though this does not imply an ideological push for bigger ones. And it will demand private-sector engagement every step of the way.

The Great Reset agenda would have three main components. The first would steer the market toward fairer outcomes. To this end, governments should improve coordination (for example, in tax, regulatory, and fiscal policy), upgrade trade arrangements, and create the conditions for a “stakeholder economy.” At a time of diminishing tax bases and soaring public debt, governments have a powerful incentive to pursue such action.

Moreover, governments should implement long-overdue reforms that promote more equitable outcomes. Depending on the country, these may include changes to wealth taxes, the withdrawal of fossil-fuel subsidies, and new rules governing intellectual property, trade, and competition.

The second component of a Great Reset agenda would ensure that investments advance shared goals, such as equality and sustainability. Here, the large-scale spending programs that many governments are implementing represent a major opportunity for progress. The European Commission, for one, has unveiled plans for a €750 billion ($826 billion) recovery fund. The US, China, and Japan also have ambitious economic-stimulus plans.

Rather than using these funds, as well as investments from private entities and pension funds, to fill cracks in the old system, we should use them to create a new one that is more resilient, equitable, and sustainable in the long run. This means, for example, building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics.

The third and final priority of a Great Reset agenda is to harness the innovations of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges. During the COVID-19 crisis, companies, universities, and others have joined forces to develop diagnostics, therapeutics, and possible vaccines; establish testing centers; create mechanisms for tracing infections; and deliver telemedicine. Imagine what could be possible if similar concerted efforts were made in every sector.

The COVID-19 crisis is affecting every facet of people’s lives in every corner of the world. But tragedy need not be its only legacy. On the contrary, the pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world to create a healthier, more equitable, and more prosperous future.

Event 201. A meeting of the Gates Foundation, John Hopkins Center, and global corporations to role play “South American Pig Virus” one year ago (October 2019).

Here’s their highlight reel as they themselves posted it in November 2019.

Event 201 Pandemic Exercise: Highlights Reel
3,603,587 views•Nov 4, 2019
https://www.youtube.com/watch?v=AoLw-Q8X174

Selected moments from the Event 201 pandemic tabletop exercise hosted by The Johns Hopkins Center for Health Security in partnership with the World Economic Forum and the Bill and Melinda Gates Foundation on October 18, 2019, in New York, NY. The exercise illustrated the pandemic preparedness efforts needed to diminish the large-scale economic and societal consequences of a severe pandemic.

Drawing from actual events, Event 201 identifies important policy issues and preparedness challenges that could be solved with sufficient political will and attention. These issues were designed in a narrative to engage and educate the participants and the audience.

For more information, visit: http://www.centerforhealthsecurity...

EVENT 201 IS A FICTIONAL EXERCISE AND DISEASE

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It may be a study exercise for this. [Excerpts. Follow the link for the rest of the speech.]

The Secret Speech of General Chi Haotian
Quoted speech from The Epoch Times posted by J.R. Nyquist
September 11, 2019
https://jrnyquist.blog/2019/09/11/the-secret-speech-of-general-chi-haotian/

“In 2005, THE EPOCH TIMES acquired a secret speech given by Defense Minister Chi Haotian to high-level Communist Party Cadres sometime before his retirement in 2003. Details given in Chi’s speech coincide with previously unpublished defector testimony on Sino-Russian military plans.

The speech follows:

Comrades,

Many years ago, there was a book titled Yellow Catastrophes. It said that, due to our following the American style of consumption, our limited resources would not long support the population and society would collapse, once our population reaches 1.3 billion. Now our population has already exceeded this limit, and we are now relying on imports to sustain our nation.
...
The reason that the United States remains today is that it has never seen war on its mainland. Once its enemies aim at the mainland, these enemies would reach Washington before its congress finishes debating and authorizes the president to declare war. But for us, we don’t waste time on these trivial things.
...
So, Only by breaking the blockade formed by the western countries headed by the United States can China grow and move toward the world!

Would the United States allow us to go out to gain new living space?
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Only countries like the United States, Canada and Australia have the vast land to serve our need for mass colonization.

Therefore, solving the “issue of America” is the key to solving all other issues. First, this makes it possible for us to have many people migrate there and even establish another China under the same leadership of the CCP.
...
It is said that the residents of the yellow race have a very low social status in the United States. We need to liberate them. Second, after solving the “issue of America,” the western countries of Europe would bow to us,
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It is historical destiny that China and the United States will come to unavoidable confrontation on a narrow path and fight each other!
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Only by using special means to “clean up” America will we be able to lead the Chinese people there. This is the only choice left for us. This is not a matter of whether we are willing to do it or not. What kind of special means is there available for us to “clean up America”?
...
Only by using non-destructive weapons that can kill many people will we be able to reserve America for ourselves. There has been rapid development of modern biological technology, and new bio-weapons have been invented one after another. Of course, we have not been idle, in the past years we have seized the opportunity to master weapons of this kind. We are capable of achieving our purpose of “cleaning up” America all of a sudden. When Comrade Xiaoping was still with us, the Party Central Committee had the perspicacity to make the right decision not to develop aircraft carrier groups and focus instead on developing lethal weapons that can eliminate mass populations of the enemy country.

From a humanitarian perspective, we should issue a warning to the American people and persuade them to leave America and leave the land they have lived in to the Chinese people. Or at least they should leave half of the United States to be China’s colony, because America was first discovered by the Chinese. But would this work? If this strategy does not work, then there is only one choice left to us. That is, use decisive means to “clean up” America and reserve America for our use in a moment. Our historical experience has proven that as long as we make it happen, nobody in the world can do anything about us. Furthermore, if the United States as the leader is gone, then other enemies have to surrender to us.

Biological weapons are unprecedented in their ruthlessness, but if the Americans do not die then the Chinese have to die. If the Chinese people are strapped to the present land, a total societal collapse is bound to take place. According to the computation of the author of Yellow Peril, more than half of the Chinese will die, and that figure would be more than 800 million people! Just after the liberation, our yellow land supported nearly 500 million people, while today the official figure of the population is more than 1.3 billion. This yellow land has reached the limit of its capacity. One day, who knows how soon it will come, the great collapse will occur any time and more than half the population will have to go.

We must prepare ourselves for two scenarios. If our biological weapons succeed in the surprise attack, the Chinese people will be able to keep their losses at a minimum in the fight against the United States.
...

[And much more. Worth reading!]

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