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The great reset, part 1 and 2 — Haydar Khan

Summary:
Neoliberalism 2.0.In their Reset primer, Klaus Schwab and Thierry Malleret consider what the post–Covid world might look like at various levels of civilization. While the authors frequently inject their vague and utopian hopes and wishes for the post-pandemic world, they acknowledge the possibility that humanity could be headed for a dystopian nightmare. But they consider this bleak scenario only briefly, in all likelihood because it is inconvenient to their case. What specifically do the authors see or hope to see arising as a consequence of the pandemic? What alternatives do they ignore? Let us dig deeper into the Reset text.In their Reset primer, Klaus Schwab and Thierry Malleret consider what the post–Covid world might look like at various levels of civilization. While the authors

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Neoliberalism 2.0.
In their Reset primer, Klaus Schwab and Thierry Malleret consider what the post–Covid world might look like at various levels of civilization. While the authors frequently inject their vague and utopian hopes and wishes for the post-pandemic world, they acknowledge the possibility that humanity could be headed for a dystopian nightmare. But they consider this bleak scenario only briefly, in all likelihood because it is inconvenient to their case. What specifically do the authors see or hope to see arising as a consequence of the pandemic? What alternatives do they ignore? Let us dig deeper into the Reset text.In their Reset primer, Klaus Schwab and Thierry Malleret consider what the post–Covid world might look like at various levels of civilization. While the authors frequently inject their vague and utopian hopes and wishes for the post-pandemic world, they acknowledge the possibility that humanity could be headed for a dystopian nightmare. But they consider this bleak scenario only briefly, in all likelihood because it is inconvenient to their case. What specifically do the authors see or hope to see arising as a consequence of the pandemic? What alternatives do they ignore? Let us dig deeper into the Reset text.…
Utopianism follows. The ownership class is going to lead the world to utopia?

Then there is MMT.

Further, Schwab and Malleret have a curious stance on Modern Monetary Theory, given they repeatedly advocate increased social assistance, health care, and social safety nets in general. The authors’ swipe is as follows:
The idea is appealing and realizable, but it contains a major issue of social expectations and political control: once citizens realize that money can be found on a “magic money tree,” elected politicians will be under fierce and relentless public pressure to create more and more, which is where the issue of inflation kicks in.
This is a misunderstanding of MMT, as its advocates are not magic money printers but supporters of full employment and price stability....
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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