– Michael Dunford and Bing Qi,“Global reset: Covid-19, systemic rivalry and the global order”PART 1 of this article, published last Thursday, ended with the question: Is this global march toward escalating state and multilateral power good or bad? That very issue is touched on in the above quotation from a recent scientific study on the global rivalry between liberal and authoritarian social systems. This IOU mountain could reach as much as 342 percent of world economic output this year — nearly five times the 70 percent debt-to-output ratio deemed prudent for countries. In short, we need a ‘Great Reset’ of capitalism.”The International Monetary Fund (IMF) and the World Bank have also chimed in with the same phrase. Whether these warnings are warranted, elite control looks set to increase, and six billion souls across the planet shall see if less freedom is worth the promised gains of The Great Reset.

Source: Manila Times December 16, 2020 16:39 UTC