კონფერენცია

∘ Malkhaz Chikobava ∘
KLAUS SCHWABS "GREAT RESET" - THE ROAD TO NEO-TOTALITARIANISM

Summary

The article analyzes the book of the irreplaceable chairman of the World Economic Forum Klaus Schwab "Covid-19: The Great Reset", his ideological identity with Milton Friedman, as well as the prospects for introducing the principles of the "Great Reset" into global life in the current viral economic crisis.

The article notes that half a century ago, in 1971, when the World Economic Forum was established, preparations began for the "radical reform of capitalism", "the great reshuffle" and "revolution from above". However, comparing HG Wells's Open Conspiracy to Professor Klaus Schwab's The Great Renaissance, it becomes clear that the world's elite's plans for economic and political transformation have been carried out for almost 90 years with minor changes. Klaus Schwab's “Inclusive Capitalism” refers to a socio-economic model in which existing capitalism is transforming, but at the same time remains capitalism.

The idea of such capitalism was most honestly formulated by the American economist Milton Friedman, who bluntly stated what others avoided saying: no business bears or should bear any other responsibility than to extract maximum profit for its owners (shareholders). And any talk about "social responsibility" is just flattery. In the words of Milton Friedman, "business to business is business," as clearly stated in his 1970 article "Corporate Social Responsibility Increases Your Profits."

The article discusses “inclusive” capitalism, a new utopia in which, according to Schwab, workers are not excluded from the list of recipients of a fair share of social wealth, but are included in this number. As Klaus Schwab writes: “The problem of desynchronization between decision-makers and the public is very acute, and their horizons are very different, and it will be difficult to deal with in a pandemic. The speed of shock and the depth of pain are incomparable with the political side of the issue. "

Against the background of all of the above, the world economy and especially the existing world monetary system can be said without exaggeration that they are on the brink of disaster.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Malkhaz Chikobava ∘ KLAUS SCHWABS "GREAT RESET" - THE ROAD TO NEO-TOTALITARIANISM Summary The article analyzes the book of the irreplaceable chairman of the World Economic Forum Klaus Schwab "Covid-19: The Great Reset", his ideological identity with Milton Friedman, as well as the prospects for introducing the principles of the "Great Reset" into global life in the current viral economic crisis. The article notes that half a century ago, in 1971, when the World Economic Forum was established, preparations began for the "radical reform of capitalism", "the great reshuffle" and "revolution from above". However, comparing HG Wells's Open Conspiracy to Professor Klaus Schwab's The Great Renaissance, it becomes clear that the world's elite's plans for economic and political transformation have been carried out for almost 90 years with minor changes. Klaus Schwab's “Inclusive Capitalism” refers to a socio-economic model in which existing capitalism is transforming, but at the same time remains capitalism. The idea of such capitalism was most honestly formulated by the American economist Milton Friedman, who bluntly stated what others avoided saying: no business bears or should bear any other responsibility than to extract maximum profit for its owners (shareholders). And any talk about "social responsibility" is just flattery. In the words of Milton Friedman, "business to business is business," as clearly stated in his 1970 article "Corporate Social Responsibility Increases Your Profits." The article discusses “inclusive” capitalism, a new utopia in which, according to Schwab, workers are not excluded from the list of recipients of a fair share of social wealth, but are included in this number. As Klaus Schwab writes: “The problem of desynchronization between decision-makers and the public is very acute, and their horizons are very different, and it will be difficult to deal with in a pandemic. The speed of shock and the depth of pain are incomparable with the political side of the issue. " Against the background of all of the above, the world economy and especially the existing world monetary system can be said without exaggeration that they are on the brink of disaster.