Get Used to Living under “Subsidiarity” after The Great Reset
by MARK E. JEFTOVIC , https://bombthrower.com/
It means they set the rules, and you get to follow them any way you want.
#Davos2021 starts today.
We’ve all been hearing a lot The Great Reset lately, new slogans abound such as Build Back Better, the New Normal, and what seems to be a “new” model called “Stakeholder Capitalism” is being espoused (although it is not new, I wrote about the pendulum swinging from stakeholder supremacy to shareholder supremacy back in the days of Milton Friedman in the inaugural post for this site).
Recently I decided it would be helpful challenge my own reflexive inclination to suspect that we were all being collectively screwed by our institutions, yet again. I wondered if these momentous shifts were simply one of those tectonic phase shifts that occur throughout history and that I shouldn’t leap to the conclusion that it’s some disingenuous and ultimately malevolent pseudo-reality being imposed from above.
It is fitting that on this first day of #Davos2021 I outline my arc in which I tried to suspend disbelief around The Great Reset narrative, forcing myself to pose the question:
What if The Great Reset was getting a bad rap?
Maybe it’s true that the world has changed irrevocably, and that change hasn’t been driven or captured by a razor thin scab of elites at the top of the socio-economic pyramid who are setting the agenda. The idea of a reset may be well founded, after all when I first started writing about wealth inequality and crony capitalism over a decade ago, I called it “Rebooting Capitalism”.
So I started going through Klaus Schwab’s books: The Fourth Industrial Revolution (2016), COVID-19: The Great Reset (2020) and most recently, Stakeholder Capitalism. (2021). It started out as s a curious blend of nodding one’s head in agreement, underlining numerous passages, musing that maybe this is just descriptive, not prescriptive. By that I mean, maybe Schwab is simply trying to make sense of the shifts occurring, and not really offering frameworks around what should happen next, but just trying to parse what is happening and possible trajectories of the future.