Because of the COVID-19 pandemic, "the world is facing a massive onslaught against individual liberty and private property."
"[A] new kind of collectivism is about to emerge," warns economist Antony Mueller in the Mises Wire. "Like the communism of the past, the new project appeals to the public with the assurance of technological advancement and social inclusion … ecological sustainability and the promise of longevity or even immortality."
"In reality, however," cautions Mueller, "these promises are deeply dystopian."
"Now is the historical moment of time not only to fight the … virus but to shape the system …," writes Schwab. Once we transform into this Fourth Industrial Age, he believes, the world will "never" return to "normal."
Schwab calls this change "the Great Reset." "This is our chance to accelerate our pre-pandemic efforts," says Canadian Prime Minister Justin Trudeau, "to re-imagine economic systems that actually address global challenges like extreme poverty, inequality and climate change."
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