I listened to today’s podcast from the World Economic Forum (WEF) called The Great Reset: Financing a Sustainable Recovery. For some real enlightenment, I suggest you watch my brief interview on the need for a new normal in finance instead.
According to the WEF, more than $10 trillion has been spent on global fiscal policy relief and to contain COVID-19, with new rounds of stimulus to support economic recovery expected as lockdowns relax. In the session, the organization ponders how capital mobilized to counter the economic fallout can be directed towards a sustainable and resilient recovery.
Loyal readers of my blog will immediately catch the fallacy of sustainability and resiliency conjoined in the opening gambit. Sustainability, once again, is an evolutionary oxymoron and does not exist anywhere in the universe. Hence no resilience can be expected from the “unchange” in a world of constant change. A supposition of manmade infinitism incompatible with the finite nature of everything in the universe.
Kristalina Georgieva, Managing Director and Chair of the Executive Board of the International Monetary Fund (IMF), kicked off the event by doing what she has talked about previously, reselling the bandaids of widespread and systemic economic problems -the old- as new.
Not surprising, since economists, like Kristalina, are trained to revel in grave depravity of reason with nature’s rule consistently destroying every false inference from consequence to cause. Put differently, no extrapolation from the past will lead to foresight to break the norm.
I have now made my point to or about the United Nations (UN), the World Economic Forum (WEF), the International Monetary Fund, The European Central Bank (ECB), The European Investment Fund (EIF), The Organisation for Economic Co-operation and Development (OECD).
Are you surprised the world-leaders we depend on to chart a better course for humanity, while they depend on these foundations for advice, are equally misguided?
The Road Ahead
The road ahead is littered with false promises from the charlatans of change regurgitating the thinking that got us in this situation, to begin with.
Humanity remains under the unrelenting threat of nature’s entropy, the declining amount of energy available on our planet, in the broadest Feynmansian definition of the term, aggravated by an increasing need for said energy.
The only way to solve that problem is to breed a version of humanity more efficient in adapting to nature’s change. Humanity must begin to play nature’s game by virtue of the systems it builds to manage itself, and not play another game of human solipsism conjured up by the aforementioned foundations in violation of nature’s principles.
For a real reset to occur, our leaders must transform human gameplay into nature’s gameplay. If the aforementioned organizations do not seek such fundamental change outside the boundaries of their past wisdom, I suggest we defund them, for their dogmas are hurting not helping humanity.