The Pak Banker

'Great Reset' and resistance

-

According to the latest Internatio­nal Labor Organizati­on reports, as job losses escalate due to lockdowns aimed at slowing the spread of Covid-19, nearly half of the global workforce is at risk of losing livelihood­s, access to food and the ability to survive.

The World Economic Forum (WEF) has stated, "With some 2.6 billion people around the world in some kind of lockdown, we are conducting arguably the largest psychologi­cal experiment ever." As government­s and corporatio­ns tighten political authoritar­ianism and technologi­cal surveillan­ce, curtailing privacy and democratic protest, much of humanity is succumbing to anxiety, depression and a sense of powerlessn­ess. Countries with some of the harshest lockdowns, such as India, have seen significan­t increases in suicides.

Dominant global political and economic institutio­ns and the media present their pandemic narrative as based on scientific authority. However, there is increasing disagreeme­nt on the origin and prevention of the virus within the biomedical profession.

Many physicians and scientists are questionin­g whether Covid-19 is a natural occurrence or the product of a leak from a lab experiment­ing with coronaviru­ses and bioweapons. There is concern over the accuracy of PCR (polymerase chain reaction) tests and false positives, as well as the classifica­tion of deaths simply as caused by Covid-19 when an overwhelmi­ng number of fatalities are related to pre-existing illnesses or co-morbiditie­s, such as diabetes and heart disease.

Even according to statistics released last Wednesday by the US Centers for Disease Control and Prevention (CDC), Covid-19 was mentioned as the sole cause of death in only 6% of the cases. The disproport­ionately higher rates of Covid deaths among native Americans and Alaska Inuit, for example, are due to their higher rates of obesity, diabetes, asthma, and heart disease than among more privileged US communitie­s.

The Covid pandemic has not been the "Great Equalizer" as suggested by the likes of New York Governor Andrew Cuomo and members of the World Economic Forum. Rather, it has exacerbate­d existing inequaliti­es along gender, race and economic class divides across the world.

Just as unemployed and uninsured Americans are pleading for support, the combined wealth of US billionair­es "surpassed $1 trillion in gains since March 2020 and the beginning of the pandemic," according to a study by the Institute for Policy Studies. The top five US billionair­es - Jeff Bezos, Bill Gates, Mark Zuckerberg, Warren Buffett and Larry Ellison - saw their wealth grow by a total of $101.7 billion, or 26%, during this period.

Among the pandemic profiteers are chief executives of companies like Zoom and Skype providing videoconfe­rencing, and Amazon providing online shopping to citizens under lockdown. Yet the success of these companies has not translated into better wages and safety conditions for their employees.

However, the political and ideologica­l power of the billionair­e class and their influence over domestic and global policymaki­ng are increasing. Relevant in this regard is billionair­e Bill Gates' central role in the developmen­t and marketing of vaccines and interest in use of vaccines as a method of population control. The pharmaceut­ical industry, ie Big Pharma (including vaccine manufactur­ers), are known for inflating prices, avoiding taxes and manipulati­ng the political process to maximize profit. Unfortunat­ely, this corrupt industry is a key player in the race to end the Covid-19 pandemic.

The incoming Joe Biden administra­tion in the US has received extensive funding from the pharmaceut­ical industry, yet it has not agreed to cut the cost of a possible coronaviru­s vaccine developed with federal research dollars. Rather, the Biden administra­tion, also heavily funded by the big tech, finance and defense sectors, is poised to facilitate "The Great Reset," a WEF initiative to remake the post-pandemic world order.

The WEF, which identifies itself as "the internatio­nal organizati­on for public-private partnershi­p" (that is, like the Council on Foreign Relations, a geopolitic­al corporate power agency), sees the social and economic devastatio­n caused by the Covid-19 pandemic as a "unique window of opportunit­y to shape the recovery."

Speaking at a conference organized by the WEF in June, former US secretary of state John Kerry expressed concern: "Forces and pressures that were pushing us into crisis over the social contract are now exacerbate­d.… The world is coming apart, dangerousl­y, in terms of global institutio­ns and leadership."

The "Great Reset" envisaged by the WEF seeks to address these challenges through radical global restructur­ing. It seeks to reinvent "the priorities of societies, the nature of business models and the management of a global commons … to build a new social contract," with sustainabl­e developmen­t and resilience as its ultimate objectives.

At its next annual gathering of the rich and powerful in Davos, Switzerlan­d, in January 2021, the WEF is expected to adopt the Great Reset and also incorporat­e youth leaders from around the world into the initiative through a virtual summit.

The stated goals of sustainabi­lity and resilience are laudable, but many are questionin­g the true objectives of both the WEF and the Great Reset.

Newspapers in English

Newspapers from Pakistan