Economic Calculation and the Great Reset
A grand plan is advanced by the World Economic Forum (WEF). Its name, “The Great Reset,” conveys the scope of this undertaking. Among its many audacious goals, it will “offer insights to help inform all those determining the future state of global relations, the direction of national economies, the priorities of societies, the nature of business models and the management of a global commons.”
That is clearly all for the good. But what are the particulars? A number of strikingly different researchers (James Corbett, Catherine Austin Fitts, Patrick Wood, Whitney Webb 2, Tessa Lena 2, and Jay Dyer) have articulated a remarkably consistent picture at a detailed level. The plan has three tentpoles: technocratic socialism run by a small circle of elites, a Malthusian view of population, and transhumanism.
The socialist program starts with the ownership of all private property by the WEF itself or its proxy corporations. Ordinary people will lease goods from the WEF on a short-term basis as needed. That would include common-use items such as your living room, transportation, and meeting spaces. Wage labor will not be needed because skilled humans will be replaced with even more skilled robots and AI.
One of the oddest things about the plan is that elites expect to have continued access, much like today, to ordinary goods such as electric power from a wall plug and large living spaces but also to luxuries such as hotels, air travel, smartphones, and what we now call consumer electronics. (These goods will no longer be called “consumer” products because only elites will have them.)
The gaping hole in this technocratic rewrite of all society is economic calculation. This has been a problem for all prior versions of communism. The replacement of the central planning board by technocracy does not solve it. Without prices set by competition, there would be no way to allocate resources to the production of different things. This is equally true for mass production and for elite goods. There is no world in which luxury goods could be produced in small quantities without a mass consumer base.
This is not a problem only for the goods consumed directly by the elites for personal use. The advanced technologies needed to run the control grid require an a
Article from Mises Wire