As many have noticed, the Davos World Economic Forum gathering this week avoided any mention of the “Great Reset” and adopted the softer term of “Stakeholder Capitalism.” WEF founder Klaus Schwab announced his new book published Jan. 27, Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet. Indeed, Schwab has used this term since 1971 and the Great Reset is nothing but the new version of the same soup.
In a press release dated Jan. 29, the WEF announced the book, coauthored by Schwab and Peter Vanham, explaining that it presents a “third way” between shareholder capitalism and state capitalism. Like climate policy, the book rests on false premises, mentioning China, Singapore, Vietnam and Ethiopia as failed models. Both shareholder capitalism and state capitalism “enabled unprecedented advances in wealth, measured by GDP and profits,” he writes. “But they also led to historical economic inequality, and the degradation of the environment.”
