The Great Reset, Part II: Corporate Socialism

As I noted in the previous installment, the Great Reset, if its architects have their way, would involve transformations of nearly every aspect of life. Here, I will limit my discussion to the economics of the Great Reset as promoted by the World Economic Forum (WEF), as well as to recent developments that have advanced these plans.

As F.A. Hayek suggested in his introductory essay to Collectivist Economic Planning, socialism can be divided into two aspects: the ends and the means.1 The socialist means is collectivist planning, while the ends, at least under proletarian socialism, are the collective ownership of the means of production and the “equal” or “equitable” distribution of the end products. Distinguishing between these two aspects in order to set aside the question of the ends and to focus on the means, Hayek suggested that collectivist planning could be marshalled in the service of ends other than those associated with proletarian socialism: “An aristocratic dictatorship, for example, may use the same methods to further the interest of some racial or other elite or in the service of some other decidedly anti-equalitarian purpose.”2 Collectivist planning might or might not run into the calculation problem, depending upon whether or not a market in the factors of production is retained. If a market for the factors of production is maintained, then the calculation problem would not strictly apply.

The collectivist planners of the Great Reset do not aim at eliminating markets for the factors of production. Rather, they mean to drive ownership and control of the most important factors to those enrolled in “stakeholder capitalism.”3 The productive activities of said stakeholders, meanwhile, would be guided by the directives of a coalition of governments under a unified mission and set of policies, in particular those expounded by the WEF itself.

While these corporate stakeholders would not necessarily be monopolies per se, the goal of the WEF is to vest as much control over production and distribution in these corporate stakeholders as possible, with the goal of eliminating producers whose products or processes are deemed either unnecessary or inimical to the globalists’ desiderata for “a fairer, greener future.” Naturally, this would involve constraints on production and consumption and likewise an expanded role for governments in order to enforce such constraints—or, as Klaus Schwab has stated in the context of the covid crisis, “the return of big government”4—as if government hasn’t been big and growing bigger all the while….[   ]

What do you think?

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5 days ago

The Great Reset – emergence of Collectivism

Big Blue
5 days ago

Why reset everyone on the planet when all we need to do is reset the people running the planet?

6 days ago

Fear Big Pharma. They cannot be sued, own your politicians, and even now are planning your demise through vaccines.

Call Me Them
6 days ago

This isn’t a case of corporations OR government becoming more powerful.
It’s a case of corporations AND government working TOGETHER against the people.
Can you say Crony-Capitalism?

Rudi Mentary
6 days ago

Get tradable goods for barter
Good manual tools 
Develop a practical skill

Mr Random
6 days ago

Otherwise known as Davos Agenda 2021. All this was preplanned as Agenda 2021 was well known years ago.

Me Too
6 days ago

Their wealth is virtual. Pull the plug and they are as broke as the rest of us.



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