It's not that difficult to understand:
https://imprimis.hillsdale.edu/what-is-the-great-reset/
The Great Reset aims to usher in a bewildering economic amalgam—Schwab’s stakeholder capitalism—which I have called “corporate socialism” and Italian philosopher Giorgio Agamben has called “communist capitalism.”
In brief, stakeholder capitalism involves the behavioral modification of corporations to benefit not shareholders, but stakeholders—individuals and groups that stand to benefit or lose from corporate behavior. Stakeholder capitalism requires not only corporate responses to pandemics and ecological issues such as climate change, “but also rethinking [corporations’] commitments to already-vulnerable communities within their ecosystems.” This is the “social justice” aspect of the Great Reset. To comply with that, governments, banks, and asset managers use the Environmental, Social, and Governance (ESG) index to squeeze non-woke corporations and businesses out of the market. The ESG index is essentially a social credit score that is used to drive ownership and control of production away from the non-woke or non-compliant.
One of the WEF’s many powerful “strategic partners,” BlackRock, Inc., the world’s largest asset manager, is solidly behind the stakeholder model. In a 2021 letter to CEOs, BlackRock CEO Larry Fink declared that “climate risk is investment risk,” and “the creation of sustainable index investments has enabled a massive acceleration of capital towards companies better prepared to address climate risk.” The COVID pandemic, Fink wrote, accelerated the flow of funds toward sustainable investments:
We have long believed that our clients, as shareholders in your company, will benefit if you can create enduring, sustainable value for all of your stakeholders. . . . As more and more investors choose to tilt their investments towards sustainability-focused companies, the tectonic shift we are seeing will accelerate further. And because this will have such a dramatic impact on how capital is allocated, every management team and board will need to consider how this will impact their company’s stock.Fink’s letter is more than a report to CEOs. It is an implicit threat: be woke or else.
In their recent book on the Great Reset, Schwab and Malleret pit “stakeholder capitalism” against “neoliberalism,” defining the latter as “a corpus of ideas and policies . . . favouring competition over solidarity, creative destruction over government intervention, and economic growth over social welfare.” In other words, “neoliberalism” refers to the free enterprise system. In opposing that system, stakeholder capitalism entails corporate cooperation with the state and vastly increased government intervention in the economy.
Proponents of the Great Reset hold “neoliberalism” responsible for our economic woes. But in truth, the governmental favoring of industries and players within industries—what used to be known as corporatism or economic fascism—has been the real source of what Schwab and his allies at the WEF decry.
While approved corporations are not
necessarily monopolies, the tendency of the Great Reset is toward monopolization—vesting as much control over production and distribution in as few favored corporations as possible, while eliminating industries and producers deemed non-essential or inimical. To bring this reset about, Schwab writes, “[e]very country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed.