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The Great Reset , what is this and why is it controversial.

  Jan 25, 2021

The Great Reset , what is this and why is it controversial.

Q. What is The Great Reset?

Q. What are the agenda of The Great Reset?

  1. First is the question of reforming capitalism. Davos has been at the forefront of calling for “stakeholder capitalism” that looks beyond the traditional corporate focus on maximising profit for shareholders.
  2. Second, Davos is certainly right to focus on the deepening climate crisis. Climate sceptics have been ousted from Washington and President Biden has rejoined the 2015 Paris accord on mitigating climate change.
  3. Third is the growing difficulty of global cooperation that Davos wants to promote. The era of great power harmony that accompanied the liberalisation of the global economy at the turn of the 1990s has yielded place to intense contestation. The contestation is not just political but increasingly economic and technological.

Q. What is World Economic Forum?