What is 'The Great Reset' & Why are People So Worried About It? | Economics Explained

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Never let a good crisis go to waste.

Winston Churchill’s famous words from the darkest days of world war 2 have taken on a more sinister meaning as the decades have passed.

This quote was actually meant to be an inspirational message of hope to the British people but these days more cynical onlookers see that people with ill intent can use a crisis, just as well as those who are virtuous.

The Great Reset is a collective name given to a series of economic policies that are attempting to use the recovery from the coronavirus as a way to supposedly build a better, brighter, more sustainable world.

This policy was first unveiled by the World Economic Forum and the United Kingdoms Prince Charles, and since this announcement, it has gathered support from a laundry list of economists, politicians, business people, and celebrities.

But it has also gathered a fair bit of criticism. Just 72 hours after it’s announcement a petition to stop it gained 80,000 signatures, which is kind of fair enough.

The whole premise of this proposal does sound very ominous. Economic plans titled the great something have not exactly had the best track record.

The fact that this plan is leveraging a disaster, alongside the fact that it is pushing some pretty spicy policies means that major conspiracies have been surfaced ranging from this plan will make us all poorer, all the way up to this plan will make us slaves to the lizard people.

Now in fairness, the marketing around this Great Reset has not helped its case at all. If someone was to try and research what this plan actually was they would be presented with two extremely bizarre adds that explain absolutely nothing, and a 2 hour panel, which was extremely boring even to a major economics nerd like myself, and also kinda equally as unhelpful.

We know this because well, we had to research this plan to make this video.

So it sounds like Some Economics need to be Explained

And to properly do this we are going to need to answer a few questions.

What is The Great Reset actually proposing to do?

Do these ideas have any merit?

Who are the players involved in pushing this agenda?

And is this actually a nefarious scheme or just the victim of terrible marketing?

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[doedelzak]

''You'll own nothing and you will be happy'' - The people who will own everything.

[skaltura]

When something is made as confusing as possible to understand, there is a extremely high chance it's a scam.

[johnsmith-hlhi]

The Great depression, the great leap forward, the great recession, the great war. Now the great reset. Every historical event that is prefaced by the term "the great" has always been something shitty.

[Digidi]

"WAR IS PEACE"
"FREEDOM IS SLAVERY"
"IGNORANCE IS STRENGTH"
-1984

[RealDjMarkuZ]

The actual video of the world economic forum when they stated "you will own nothing and you will be happy" is not available no more. It received so much dislikes that WEF decided to bring it down.

[chinesemassproduction]

I took particular issue with the "You will own nothing and be happy" message from the WEF. It's beyond convenient for billionaires to say things like this to the majority of the world.

[stenbak]

Weird how small business is shutdown yet corporations are up and running

[klank]

This was super helpful as usual. It certainly is a tangled web of ideas and most of it is misunderstood by people who have never taken an economics course in their lives. A board without a single economist on it tells you everything you need to know.

[karlhernandez]

Klaus Shwab wrote in his book that there would be mass surveillance. That is not the purpose for human beings to live.

[joeomalley]

As a general rule in life, if celebrities endorse something, run the other way.

[general_alexus]

If you write "you will own nothing and you will be happy" in your advertisment for your agenda, you cant realy blame people for beeing woried about said agenda.

[Gabson]

I remember reading stuff before bed about "the great reset" a couple of years before COVID but never thought its gonna be so real.

[wrednax]

Their ads all look like those neoliberal ads by huge corporations pretending to care about the environment and social issues.

[bulldozer]

“One of the problems with this proposal is its extremely hard to understand what the proposal is”. That’s not good. The only reason someone wouldn’t be straight and clear is because: a) they don’t really have a plan, or b) they have a malicious plan. Both are unfavorable.

[saintdolanchirosius]

*"The perfect dictatorship would have the appearance of a democracy, but would basically be a prison without walls in which the prisoners would not even dream of escaping. It would essentially be a system of slavery where, through consumption and entertainment, the slaves would love their servitudes. "* - A. Huxley
Oh boy can I see where this is going.

[HankChinaski]

I really appreciate your content. For years I've had a cursory knowledge of all things economic, but your perspective gets me to challenge my preconceived notions. It isn't so much that I agree with everything on your page, but I'm finding myself disagreeing more and more to ideas I'd previously held in stone.

[automatemefirst]

I love the fact that Prince Charles’ net worth is $100-$500 million and is promoting economic and social equity. Shall we start at the top Prince Charles?

[AustiuNoMatterWho]

The fact that you put the EE symbol where it's the batman's calling card was perfect. more jokes and puns pwease

[alaysiakayebutler]

As has been said. "If you aren't outraged, you're not paying attention"

[laverdadbuscador]

The ONLY things we actively try to fix these days is the environment and big business.

We need more focus on the things that improve our culture. Like focusing on improving the lives of people in the middle class, nuclear family support, and meaningful education.