COVID-19 Quotes

“When devastating things happen, creativity and ingenuity often thrive.”
― Klaus Schwab, COVID-19: The Great Reset

“The sobering truth is that the heroes of the immediate COVID-19 crisis, those who (at personal risk) took care of the sick and kept the economy ticking, are among the worst paid professionals – the nurses, the cleaners, the delivery drivers, the workers in food factories, care homes and warehouses, among others.”
― Klaus Schwab, COVID-19: The Great Reset

“History shows that epidemics have been the great resetter of countries’ economy and social fabric. Why should it be different with COVID-19?”
― Klaus Schwab, COVID-19: The Great Reset

“Many of our beliefs and assumptions about what the world could or should look like will be shattered in the process.”
― Klaus Schwab, COVID-19: The Great Reset

“The more nationalism and isolationism pervade the global polity, the greater the chance that global governance loses its relevance and becomes ineffective. Sadly, we are now at this critical juncture. Put bluntly, we live in a world in which nobody is really in charge. COVID-19 has reminded us that the biggest problems we face are global in nature. Whether it’s pandemics, climate change, terrorism or international trade, all are global issues that we can only address, and whose risks can only be mitigated, in a collective fashion.”
― Klaus Schwab, COVID-19: The Great Reset

“How will this expanded role of governments manifest itself? A significant element of new “bigger” government is already in place with the vastly increased and quasi-immediate government control of the economy. As detailed in Chapter 1, public economic intervention has happened very quickly and on an unprecedented scale. In April 2020, just as the pandemic began to engulf the world, governments across the globe had announced stimulus programmes amounting to several trillion dollars, as if eight or nine Marshall Plans had been put into place almost simultaneously to support the basic needs of the poorest people, preserve jobs whenever possible and help businesses to survive.”
― Klaus Schwab, COVID-19: The Great Reset

“In 2016, two academics from Oxford University came to the conclusion that up to 86% of jobs in restaurants, 75% of jobs in retail and 59% of jobs in entertainment could be automatized by 2035.”
― Klaus Schwab, COVID-19: The Great Reset

“Put in simple terms, in a post-pandemic world beset by unemployment, insufferable inequalities and angst about the environment, the ostentatious display of wealth will no longer be acceptable.”
― Klaus Schwab, COVID-19: The Great Reset

“This could be one of the unexpected upsides of COVID-19 and the lockdowns. It made us more aware and sensitive about the great markers of time: the precious moments spent with friends and our families, the seasons and nature, the myriads of small things that require a bit of time (like talking to a stranger, listening to a bird or admiring a piece of art) but that contribute to well-being. The reset: in the post-pandemic era, we might have a different appreciation of time, pursuing it for greater happiness.[”
― Klaus Schwab, COVID-19: The Great Reset

“Psychologists point out that the pandemic, like most transformative events, has the ability to bring out the best and the worst in us.”
― Klaus Schwab, COVID-19: The Great Reset

“Imagine North Korea in 2030, when every citizen has to wear a biometric bracelet 24 hours a day. If you listen to a speech by the Great Leader and the bracelet picks up the tell-tale signs of anger, you are done for.”
― Klaus Schwab, COVID-19: The Great Reset

“For many, an explosion of mental problems occurred during the first months of the pandemic and will continue to progress in the post-pandemic era. In March 2020 (at the onset of the pandemic), a group of researchers published a study in The Lancet that found that confinement measures produced a range of severe mental health outcomes, such as trauma, confusion and anger.[153] Although avoiding the most severe mental health issues, a large portion of the world population is bound to have suffered stress to various degrees. First and foremost, it is among those already prone to mental health issues that the challenges inherent in the response to the coronavirus (lockdowns, isolation, anguish) will be exacerbated. Some will weather the storm, but for certain individuals, a diagnostic of depression or anxiety could escalate into an acute clinical episode. There are also significant numbers of people who for the first time presented symptoms of serious mood disorder like mania, signs of depression and various psychotic experiences. These were all triggered by events directly or indirectly associated with the pandemic and the lockdowns, such as isolation and loneliness, fear of catching the disease, losing a job, bereavement and concerns about family members and friends. In May 2020, the National Health Service England’s clinical director for mental health told a Parliamentary committee that the “demand for mental healthcare would increase ‘significantly’ once the lockdown ended and would see people needing treatment for trauma for years to come”.[154] There is no reason to believe that the situation will be very different elsewhere.”
― Klaus Schwab, COVID-19: The Great Reset

“It is true that in the post-pandemic era, personal health and well-being will become a much greater priority for society, which is why the genie of tech surveillance will not be put back into the bottle. But it is for those who govern and each of us personally to control and harness the benefits of technology without sacrificing our individual and collective values and freedoms.”
― Klaus Schwab, COVID-19: The Great Reset

“climate change solutions will be actively pursued. Taxation will increase, particularly for the most privileged, because governments will need to strengthen their resilience capabilities and wish to invest more heavily in them.”
― Klaus Schwab, COVID-19: The Great Reset

“Illustrious past episodes corroborate that creative characters thrive in lockdown. Isaac Newton, for one, flourished during the plague. When Cambridge University had to shut down in the summer of 1665 after an outbreak, Newton went back to his family home in Lincolnshire where he stayed for more than a year. During this period of forced isolation described as annus mirabilis (a “remarkable year”), he had an outpouring of creative energy that formed the foundation for his theories of gravity and optics and, in particular, the development of the inverse-square law of gravitation (there was an apple tree beside the house and the idea came to him as he compared the fall of an apple to the motion of the orbital moon).[157]”
― Klaus Schwab, COVID-19: The Great Reset

“We have all been reminded of our innate human fragility, our frailties and our flaws. This realization combined with the stress engendered by the lockdowns and the concurrent deep sense of uncertainty about what is coming next could, albeit surreptitiously, change us and the way we relate to other people and to our world. For some, what starts as a change may end up as an individual reset.”
― Klaus Schwab, COVID-19: The Great Reset

“Some have called for “degrowth”, a movement that embraces zero or even negative GDP growth that is gaining some traction (at least in the richest countries). As the critique of economic growth moves to centre stage, consumerism’s financial and cultural dominance in public and private life will be overhauled.[42] This is made obvious in consumer-driven degrowth activism in some niche segments – like advocating for less meat or fewer flights. By triggering a period of enforced degrowth, the pandemic has spurred renewed interest in this movement that wants to reverse the pace of economic growth, leading more than 1,100 experts from around the world to release a manifesto in May 2020 putting forward a degrowth strategy to tackle the economic and human crisis caused by COVID-19.[43] Their open letter calls for the adoption of a democratically “planned yet adaptive, sustainable, and equitable downscaling of the economy, leading to a future where we can live better with less”. However, beware of the pursuit of degrowth proving as directionless as the pursuit of growth! The most forward-looking countries and their governments will instead prioritize a more inclusive and sustainable approach to managing and measuring their economies, one that also drives job growth, improvements in living standards and safeguards the planet. The technology to do more with less already exists.[44] There is no fundamental trade-off between economic, social and environmental factors if we adopt this more holistic and longer-term approach to defining progress and incentivizing investment in green and social frontier markets.”
― Klaus Schwab, COVID-19: The Great Reset

“It is easy to give way to excessive pessimism because we human beings find it much easier to visualize what is disappearing than what is coming next. We know and understand that levels of unemployment are bound to rise globally in the foreseeable future, but over the coming years and decades we may be surprised. We could witness an unprecedented wave of innovation and creativity driven by new methods and tools of production. There might also be a global explosion of hundreds of thousands of new micro industries that will hopefully employ hundreds of millions of people. Of course, we cannot know what the future holds, except that much will depend on the trajectory of future economic growth.”
― Klaus Schwab, COVID-19: The Great Reset

“Outbreaks forced empires to change course – like the Byzantine Empire when struck by the Plague of Justinian in 541-542 – and some even to disappear altogether – when Aztec and Inca emperors died with most of their subjects from European germs. Also, authoritative measures to attempt to contain them have always been part of the policy arsenal. Thus, there is nothing new about the confinement and lockdowns imposed upon much of the world to manage COVID-19. They have been common practice for centuries. The earliest forms of confinement came with the quarantines instituted in an effort to contain the Black Death that between 1347 and 1351 killed about a third of all Europeans. Coming from the word quaranta (which means “forty” in Italian), the idea of confining people for 40 days originated without the authorities really understanding what they wanted to contain, but the measures were one of the first forms of “institutionalized public health” that helped legitimatize the “accretion of power” by the modern state.[1] The period of 40 days has no medical foundation; it was chosen for symbolic and religious reasons: both the Old and New Testaments often refer to the number 40 in the context of purification – in particular the 40 days of Lent and the 40 days of flood in Genesis.”
― Klaus Schwab, COVID-19: The Great Reset

“fighting a pandemic does not require a substantial change of the underlying socio-economic model and of our consumption habits. Fighting environmental risks does.”
― Klaus Schwab, COVID-19: The Great Reset

“Global governance is commonly defined as the process of cooperation among transnational actors aimed at providing responses to global problems (those that affect more than one state or region). It encompasses the totality of institutions, policies, norms, procedures and initiatives through which nation states try to bring more predictability and stability to their responses to transnational challenges. This definition makes it clear that any global effort on any global issue or concern is bound to be toothless without the cooperation of national governments and their ability to act and legislate to support their aims. Nation states make global governance possible (one leads the other), which is why the UN says that “effective global governance can only be achieved with effective international cooperation”.”
― Klaus Schwab, COVID-19: The Great Reset

“A hasty retreat from globalization would entail trade and currency wars, damaging every country’s economy, provoking social havoc and triggering ethno- or clan nationalism. The establishment of a much more inclusive and equitable form of globalization that makes it sustainable, both socially and environmentally, is the only viable way to manage retreat. This requires policy solutions addressed in the concluding chapter and some form of effective global governance. Progress is indeed possible in those global areas that have traditionally benefited from international cooperation, like environmental agreements, public health and tax havens.”
― Klaus Schwab, COVID-19: The Great Reset

“Antiglobalization was strong in the run-up to 1914 and up to 1918, then less so during the 1920s, but it reignited in the 1930s as a result of the Great Depression, triggering an increase in tariff and non-tariff barriers that destroyed many businesses and inflicted much pain on the largest economies of that time. The same could happen again, with a strong impulse to reshore that spreads beyond healthcare and agriculture to include large categories of non-strategic products. Both the far right and the far left will take advantage of the crisis to promote a protectionist agenda with higher barriers to the free flow of capital goods and people.”
― Klaus Schwab, COVID-19: The Great Reset

“a thorough and all-encompassing decoupling from China would require from companies making such a move an investment of hundreds of billions of dollars in newly located factories, and from governments equivalent amounts to fund new infrastructure, like airports, transportation links and housing, to serve the relocated supply chains. Notwithstanding that the political desire for decoupling may in some cases be stronger than the actual ability to do so, the direction of the trend is nonetheless clear. The Japanese government made this obvious when it set aside 243 billion of its 108 trillion Japanese yen rescue package to help Japanese companies pull their operations out of China. On multiple occasions, the US administration has hinted at similar measures.”
― Klaus Schwab, COVID-19: The Great Reset

“The trilemma suggests that the three notions of economic globalization, political democracy and the nation state are mutually irreconcilable, based on the logic that only two can effectively co-exist at any given time.[78] Democracy and national sovereignty are only compatible if globalization is contained. By contrast, if both the nation state and globalization flourish, then democracy becomes untenable. And then, if both democracy and globalization expand, there is no place for the nation state. Therefore, one can only ever choose two out of the three – this is the essence of the trilemma. The European Union has often been used as an example to illustrate the pertinence of the conceptual framework offered by the trilemma. Combining economic integration (a proxy for globalization) with democracy implies that the important decisions have to be made at a supranational level, which somehow weakens the sovereignty of the nation state. In the current environment, what the “political trilemma” framework suggests is that globalization must necessarily be contained if we are not to give up some national sovereignty or some democracy. Therefore, the rise of nationalism makes the retreat of globalization inevitable in most of the world – an impulse particularly notable in the West.”
― Klaus Schwab, COVID-19: The Great Reset

“COVID-19 has acted as an amplifier of pre-existing conditions, bringing to the fore long-standing issues that resulted from deep structural frailties that had never been properly addressed. This dissonance and an emergent questioning of the status quo is finding expression in a loudening call to revise the social contracts by which we are all more or less bound. Broadly defined, the “social contract” refers to the (often implicit) set of arrangements and expectations that govern the relations between individuals and institutions.”
― Klaus Schwab, COVID-19: The Great Reset

“massive transitions to something entirely “new” were always defined in terms of a response to a violent external shock or the threat of one to come. World War II, for example, led to the introduction of cradle-to-grave state welfare systems in most of Europe. So did the Cold War: governments in capitalist countries were so worried by an internal communist rebellion that they put into place a state-led model to forestall it. This system, in which state bureaucrats managed large chunks of the economy, ranging from transportation to energy, stayed in place well into the 1970s. Today the situation is fundamentally different; in the intervening decades (in the Western world) the role of the state has shrunk considerably. This is a situation that is set to change because it is hard to imagine how an exogenous shock of such magnitude as the one inflicted by COVID-19 could be addressed with purely market-based solutions. Already and almost overnight, the coronavirus succeeded in altering perceptions about the complex and delicate balance between the private and public realms in favour of the latter. It has revealed that social insurance is efficient and that offloading an ever-greater deal of responsibilities (like health and education) to individuals and the markets may not be in the best interest of society.”
― Klaus Schwab, COVID-19: The Great Reset

“The most progressive tax years in US history were 1944 and 1945, with a 94% rate applied to any income above $200,000 (the equivalent in 2009 of $2.4 million). Such top rates, often denounced as confiscatory by those who had to pay them, would not drop below 80% for another 20 years. At the end of World War II, many other countries adopted similar and often extreme tax measures. In the UK during the war, the top income tax rate rose to an extraordinarily stunning 99.25%!”
― Klaus Schwab, COVID-19: The Great Reset

“One of the great lessons of the past five centuries in Europe and America is this: acute crises contribute to boosting the power of the state. It’s always been the case and there is no reason why it should be different with the COVID-19 pandemic. Historians point to the fact that the rising fiscal resources of capitalist countries from the 18th century onwards were always closely associated with the need to fight wars, particularly those that took place in distant countries and that required maritime capacities. Such was the case with the Seven Years’ War of 1756-1763, described as the first truly global war that involved all the great powers of Europe at the time. Since then, the responses to major crises have always further consolidated the power of the state, starting with taxation: “an inherent and essential attribute of sovereignty belonging as a matter of right to every independent government”.[66] A few examples illustrating the point strongly suggest that this time, as in the past, taxation will increase. As in the past, the social rationale and political justification underlying the increases will be based upon the narrative of “countries at war” (only this time against an invisible enemy).”
― Klaus Schwab, COVID-19: The Great Reset

“The deep disruption caused by COVID-19 globally has offered societies an enforced pause to reflect on what is truly of value. With the economic emergency responses to the pandemic now in place, the opportunity can be seized to make the kind of institutional changes and policy choices that will put economies on a new path towards a fairer, greener future. The history of radical rethinking in the years following World War II, which included the establishment of the Bretton Woods institutions, the United Nations, the EU and the expansion of welfare states, shows the magnitude of the shifts possible. This raises two questions: 1) What should the new compass for tracking progress be? and 2) What will the new drivers of an economy that is inclusive and sustainable be?”
― Klaus Schwab, COVID-19: The Great Reset