Jan 10, 2021
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Rising unemployment and inequality coupled with a “pandemic” will destroy society

“The world as we knew it in the first months of 2020 is no longer there – it crumbled amid a pandemic”

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forecast # 7 Saxo Bank for 2021 reads: “The payment of dividends in a situation of instability will lead to the creation of a Civil Technology Fund.” Forecast author – bank analyst Eleanor Craig

In general, this is not so much a forecast as a recommendation: what to do to mitigate the negative processes inevitable next year.

The author of the forecast extrapolates for the near future those socio-economic trends that have emerged over the past 20 years: “In the coming years, perhaps within ten years, about one quarter of the existing professions as we know them may disappear with the replacement of manual automation and artificial intelligence replacing the growing number of jobs in the Information Age. Researchers at Oxford University even predict that half of US jobs could disappear by 2030 “

If someone had faint hopes that the rise in unemployment and the polarization of society could be stopped, then in 2020 these illusions began to disappear. The “pandemic” showed that problems can worsen so that “Social order will collapse”

Of course, similar feelings existed before. In 2016 at the annual WEF summit in Davos Klaus Schwab presented his book The Fourth Technological Revolution, but Schwab had more questions than answers there. And Eleanor Craig comes to the aid of the permanent leader of the WEF and formulates her recipe for the salvation of humanity. Here is her suggestion:

“In 2021 and beyond, our societies will have to find a new political path if we want to move away from deepening social inequality, as well as avoid political unrest, social discontent and systemic risk. So what should be done? Each crisis brings the energy needed to bring about bold change. The 2021 policy requires a major overhaul with a completely new approach to reducing inequality that has little to do with amending the tax code. Instead, a Civil Technology Fund is being created, through which a portion of capital assets are reallocated to everyone, with additional reallocation of assets to benefit workers who have lost their jobs, allowing these workers and everyone else to benefit from productivity gains in the digital age. This policy evolves into dividends in times of volatility and is very helpful in reducing the degree of economic and social unrest on the part of those who have not been able to reap the benefits of economic productivity gains in recent years. ”

To be honest, I have never seen such a phrase “Citizens Technology Fund” anywhere before. There are many similar names, but nobody knows what is used in the forecast. However, on the whole, the idea is clear. Communists would call this nationalization or socialization of the means of production and capital. Social reformers would call “People’s capitalism” or “State corporatism”

The idea is old. Her embryos can be found in Proudhon, Lassalle, Saint-Simon, Fourier… A Karl Marx all this was stated in the “Manifesto of the Communist Party” (1848), and later in his fundamental “Capital”. The Bolsheviks in Russia materialized this idea with the help of Soviet decrees.

In general, this idea can be expressed using the following concepts that follow one from the other: socialization of capital – socialization of the financial result of the functioning of social capital, or social dividend – distribution of the social dividend among members of society, each receiving a piece of the social dividend (individual dividend).

Suppose that the proposals of the author of the forecast are implemented and the so-called Civil Technology Fund appears. This, according to the author, will lead to the following changes: “Dividends unleash enormous entrepreneurial potential for individuals and for society as a whole in situations of instability, as millions of people now have more free time and energy as they no longer have to do the heavy lifting. The more meaningful work of community rebuilding, handicrafts and food production is on the rise. The sectors related to recreation, ranging from hobbies to active sports and entertainment, both real and virtual, are also experiencing an extraordinary rise in popularity. “

Note that this forecast Saxo Bank echoes what the other forecast says about unconditional basic income (UBI), that is, about fixed regular payments to all citizens of the state. It is not very clear what, in the end, is seen as a means of subsistence for the majority of the population – dividends received from the Civil Technology Fund, or an unconditional basic income, the source of which should be the budget. I do not exclude that in the views of experts Saxo Bank these two sources can be combined, although the document Saxo Bank it is not said.

To be honest, the diagram drawn in this forecast gives off a utopia. Yes, the long-standing social order has outlived its usefulness. Not only 99 percent of the people who are called “the people” speak this way; so say those who make up 1 percent of those who consider themselves “elite”. They also have their own plan for restructuring public order, and on a global scale, and this plan is called Big reset… I recently wrote about this. In Russian: The Great Perestroika or The Great Reset. This is an initiative of the World Economic Forum (WEF) and personally of Klaus Schwab, launched in May 2020. The English prince Charles is called the co-author of the plan. Some observers believe the so-called pandemic is artificial, designed to provoke the Great Reset; in fact, we are not talking about the transition to “responsible capitalism” (in the words of Schwab), but about a fundamentally new social model, which can be very conditionally called “post-capitalism”. Big reset will be the main topic of the next WEF summit, which is to be held in Davos in January 2021. I look forward to describing this plan in more detail after Davos.

In the meantime, I will only say that Schwab has no analogues of the Civil Technology Fund with its dividend. There is something else: the ghost of a “brave new world” in the spirit of dystopia Aldous Huxley Klaus Schwab states bluntly: “So, the verdict has been passed:“ Many people ask when we will finally be able to return to normal life. In short – never! Life will never return to the feeling of “broken” normality that prevailed before the crisis … The world as we knew it in the first months of 2020 is no longer there – it crumbled amid a pandemic. “

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