The Great Reset - An introduction

 This week the 'Great Reset' was mentioned in the Australian Senate. Senator Hanson (PHON) moved a motion: '

That the Senate—

(a) notes that adopting the policies of the World Economic Forum's proposed 'Great Reset' would have a devastating impact on the economic wellbeing and individual freedoms of Australians; and

(b) calls on the Government to boycott all World Economic Forum events in protest of their 'Great Reset' agenda.'

It was resolved in the negative 2 - 37. The Greens Senator Rice, linked in Agenda 21 and then argued that it was better to lose 'economic and individual freedoms' than to die of corona virus. This argument is a sad reflection on the quality of substantive debate occurring in the Australian Senate; however, raises the issue of exactly what is 'The Great Reset'.

'The Great Reset' is an initiative of the World Economic Forum in response to the COVID-19 crisis. The goal of the Great Reset is to build a new 'social contract' (Weforum.org/great-reset). The social contract is a legal fiction. It has a number of variants but effectively describes the natural state of humans as such that it requires some type of overarching authority to protect them from each other. However, in the process of trading the right to punish others for a government who has the right to punish others, it was considered vitally important to ensure that the government could not exercise arbitrary power becoming worse than the set of circumstances leading to the need for the social contract. In summary, the social contract is an agreement between citizens and the state, for citizens to give up the right of punishing others to the state who then has the right to create laws for the benefit of the citizens within the rule of law which creates the boundaries preventing arbitrary authority.

The Great Reset wishes to rewrite the social contract. That is it wants to remove the bases of our western democracy (liberalism) and start again, presumably with a socialist based agenda, similar to Agenda 21. The Great Reset Great Reset further argues, 'In short, we need a "Great Reset" of capitalism.'

The Great Reset has three main components:

1. A stakeholder economy and the promotion of equitable outcomes

2. Equality and sustainability

3. Harness the innovations of the Fourth Industrial Revolution for the public good

Although generated through a multitude of different names, such as Green New Deal, Agenda 21, The Great Reset, socialism continues to attempt to dismantle the very foundations of western democracy.


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