The ‘Great Reset’ Is Tone-deaf to America’s Founding Principles

June 25, 2020

Earlier in June, the World Economic Forum hosted a virtual meeting with some of the world’s most powerful business leaders, government officials, and activists where they announced a proposal to “reset” the global economy.

The Hill reports:

Instead of traditional capitalism, the high-profile group said the world should adopt more socialistic policies, such as wealth taxes, additional regulations and massive Green New Deal-like government programs. 

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Although many details about the Great Reset won’t be rolled out until the World Economic Forum meets in Davos in January 2021, the general principles of the plan are clear: The world needs massive new government programs and far-reaching policies comparable to those offered by American socialists such as Sen. Bernie Sanders (I-Vt.), and Rep. Alexandria Ocasio-Cortez (D-N.Y.) in their Green New Deal plan.

Or, put another way, we need a form of socialism — a word the World Economic Forum has deliberately avoided using, all while calling for countless socialist and progressive plans.

The recurring theme of the June meeting was that the coronavirus pandemic has created an important “opportunity” that needed to be capitalized on to enact their radical transformation of capitalism onto the world.

For those of us who support free markets, the Great Reset is nothing short of terrifying. Our current crony capitalist system has many flaws, to be sure, but granting more power to the government agents who created that crony system and eroding property rights is not the best way forward.

We as Americans, can’t wrap our heads around changing the very foundation our country was built on. As a democratic, free-market country, America has become a powerful and prosperous nation and secured its spot as the world’s No. 1 oil producer. According to the American Petroleum Institute, the oil and gas industry represents 5.6 percent of the U.S. workforce, which is about 9.8 million jobs.

The global economy and population will recover, the demand for oil will return, and radical reformers will continue to reject basic reason. It’s important for us to continue to defend the industry that provides millions of jobs, generates billions in revenue, and fuels most of our day-to-day lives.

We just hope come January 2021 President Trump will be representing America’s interests and not the presumptive Democratic nominee, Joe Biden, whose newfound progressive agenda and campaign is stacked with socialists like AOC.