Already in the 18th century, British economists of nascent capitalism wondered about the sustainability of this system around David Ricardo. What was initially very profitable will eventually become commonplace and no longer enrich its owner. Consumption cannot forever justify mass production. Later, the socialists, around Karl Marx , predicts the inevitable end of the capitalist system.
This system should have died in 1929, but to everyone’s surprise, it survived. We are approaching a similar moment: production is no longer making money, only finance does. Everywhere in the West, we see the standard of living of the mass of people falling, while the wealth of a few individuals soars. The system threatens to collapse again and never to rise again. Can the super-capitalists still save their assets or will there be a haphazard redistribution of wealth as a result of widespread confrontation?
The 1929 crisis and the survival of capitalism
When the 1929 crisis hit the United States, the entire Western elite was convinced that the goose that laid the golden eggs was dead; that a new system had to be found immediately, otherwise mankind would starve. It is particularly instructive to read the American and European press of the time to understand the anguish that gripped the West. Huge fortunes had vanished in a day. Millions of workers were out of work and experienced not only misery, but often starvation. The people revolted. Police fired live ammunition at the angry crowd. No one believed that capitalism could be amended and reborn. Two new models were proposed: Stalinism and Fascism.
Contrary to the image we have a century later, everyone was then aware of the flaws in these ideologies, but the most important and vital problem was to know who would be best able to feed their people. There was no longer any right or left, just a general “savage-who-can”. Benito Mussolini, who had been editor-in-chief of Italy’s first socialist newspaper before World War I and then a British MI5 agent during the war, became the leader of fascism, then seen as the ideology that would give bread to working people. Joseph Stalin, who had been a Bolshevik during the Russian Revolution, liquidated almost all the delegates of his party and renewed them to build the USSR, then considered to be the embodiment of modernity.
Neither leader has been able to materialize his model: in the end, economists must always give way to the military. The guns always have the last word. It was therefore the Second World War, the victory of the USSR and the Anglo-Saxons on the one hand, the fall of fascism on the other. It turns out that only the United States was not devastated by the war and that President Franklin Roosevelt, by organizing the banking sector, gave capitalism a second chance. The United States rebuilt Europe without crushing the working class lest they turn to the USSR.
The crisis after the disappearance of the USSR
However, when the USSR disappeared at the end of 1991, capitalism, deprived of a rival, found its old demons. Within a few years, the same causes caused the same effects, production began to decline in the United States and jobs were relocated to China. The middle class has started its slow decline. The owners of American capital felt threatened. They have tried several approaches to save their country and keep the system going.
– The first was to turn the US economy into an arms exporter and use the US military to control raw materials and energy sources from the non-globalized part of the planet used by the rest of the world. It was this project, the adaptation to “financial capitalism” (if this oxymoron makes sense), the Rumsfeld / Cebrowski doctrine , which led the American deep state to organize the September 11 attacks and endless war in the wider Middle East. This episode gave capitalism a 20-year respite, but the internal consequences were disastrous for the middle classes.
– The second attempt was the restriction of international trade by Donald Trump and the return to American production. But he had declared war on the men of September 11 and no one would let him try to save the United States.
– A third development was considered. This would have involved abandoning the Western populations and moving the few billionaires to a robotic state from which they could fearlessly direct their investments. It is the Neom project that Prince Mohamed ben Salman began to build in the Saudi desert with the blessing of NATO. After a period of intense activity, the works are now at a standstill.
– Donald Rumsfeld’s former team (including Dr Richard Hatchett  and Dr Anthony Fauci ) decided to launch a fourth option during the Covid-19 pandemic. The idea is to continue and generalize in developed states what was initiated in 2001. The massive confinement of healthy populations has pushed states into debt. The use of telework has prepared the relocation of tens of millions of jobs. The health pass legalized a society of mass surveillance.
Klaus Schwab and the big reset
It is in this context that the president of the Davos Forum, Klaus Schwab, published Covid-19: the big reset. It is not a program, but an analysis of the situation and a forecast of possible developments. This book was written for the members of the Forum and gives an idea of ââtheir dismal intellectual level. The author uses clichÃ©s, citing great authors and the absurd figures of Neil Ferguson (Imperial College) .
In the 1970s and 1980s, Klaus Schwab was one of the directors of Escher-Wyss (absorbed by Sulzer AG), which played an important role in the apartheid atomic research program in South Africa, a contribution which took place in violation of UN Security Council Resolution 418. He therefore has no morals and is not afraid of anything. Later, he created a circle of business leaders which became the World Economic Forum. This name change was made with the help of the Center pour l’Entreprise PrivÃ©e Internationale (CIPE); the commercial arm of the National Endowment for Democracy (NED / CIA). This is why he registered in 2016 with the Bilderberg Group (NATO’s body of influence) as an international civil servant, which he has never been officially.
In his book, Klaus Schwab prepares his audience for an Orwellian society. He envisions anything and everything until the death of 40% of the world’s population by Covid-19. He does not offer anything concrete and does not seem to favor any option. We just understand that he and his audience won’t decide anything, but they’re willing to take it all in to keep their privileges.
We are clearly on the threshold of a huge upheaval that will sweep away all Western institutions. This cataclysm could be avoided in a simple way, by modifying the balance of remuneration between labor and capital. This solution is however unlikely, because it would mean the end of super fortunes.
Given these facts, the West-East rivalry is only superficial. Not only because Asians don’t think in terms of competition, but mostly because they see the West dying.
This is why Russia and China are slowly building their world, with no hope of integrating the West, which they see as a wounded predator. They don’t want to confront him, but reassure him, provide him with palliative care and support him without forcing him to commit suicide.