Klaus Schwab B20 Summit Indonesia 2022 Opening Remarks - Great Reset.

“What we have to confront is a deep systemic and structural restructuring of our world, and the world will look different after we have gone through this transition process (Great Reset)”

How do we deal with this transition (Reset) which will last several years? “If you restructure a company, you write off costs & shareholders suffer, but if you restructure an economy, the result is a reduction of disposable income which will lead to extensive social tensions.”

“The fourth industrial revolution, we are at the inflection point, technology will change completely what we are doing, and it will change who we are.”

“In the fourth industrial revolution the winners will take it all, so if you are a WEF first mover, you are the winners.”

"Finally Governments and businesses must cooperate (stakeholder capitalism) to become a fast fish, it's not about the big fish who eats the small fish, but it is the fast fish who eats the slow fish.”