The coronavirus crisis presents an opportunity for a “new kind of capitalism” and “great reset” of global economies, politics, and societies, according to World Economic Forum (WEF) founder and executive chairman Klaus Schwab.
In an article published Monday by the WEF, an impatient Schwab claims neo-liberalism is dead and with it traditional notions of economic capitalism.
In their place is a set of “Stakeholder Capitalism Metrics” the WEF says enables the world to progress under one set of overarching rules as drawn up by it, with “social justice” a key component of this brave new world.
This restructure of the way we do business is the new model for the “great reset” Schwab argues, adding he foresees the coronavirus crisis as too good an opportunity not to “re-evaluate sacred cows of the pre-pandemic system.”
He outlines his argument by pointing to just how serious the epidemic has been to the way we