From ... in Economics Political History Scandal Managed Decline — Apr 4, 2025

The Great Reset Under Fire? Klaus Schwab to step down and calls for King Charles to step away from key royal duties

The tide is shifting for the two men most associated with The Great Reset. Within days of each other, it was announced that Klaus Schwab is stepping down from heading the World Economic Forum’s board of trustees and King Charles III is bei

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On 3 June 2020, then-Prince Charles used his official website to launch a new global initiative called The Great Reset. On the same day, the World Economic Forum (“WEF”) released a video to mark the launch of The Great Reset. One of the aims of The Great Reset, among many, can be summed up as: “You will own nothing. And you will be happy.”

Read more: 8 Predictions for the World in 2030, World Economic Forum, 12 November 2016

On 9 July 2020, another vocal advocate of The Great Reset agenda, founder of WEF Klaus Schwab, published the book ‘COVID-19: The Great Reset’.

Klaus Schwab Stepping Down

Yesterday, the Financial Times reported that Schwab, WEF’s 87-year-old founder, will “start the process” of stepping down as chair of its board of trustees, weeks after the organisation promised an overhaul after an investigation into workplace discrimination.

In a letter, Schwab said that WEF must recover its “sense of mission” after a period of turmoil. “I am deeply convinced that in today’s special context the forum is more important and relevant than ever before,” he said. “It is also financially very well equipped.”

“What is essential now after the turmoil of the last months, is to recover our sense of mission,” he said, without specifying if the upheaval he was referring to was in response to Donald Trump’s second presidential term or the investigation of WEF.

Schwab said making the announcement on 1 April had special significance given that he had started to develop the concept of a “global village” on this exact date 55 years ago.

He didn’t give a timeline for his departure from WEF but said the process should be completed by January 2027. He will now focus on writing his memoirs.

A year ago, Schwab announced his resignation as WEF’s executive chair after more than half century at the helm of the world’s most notorious business conference. The announcement followed many months of calls for him to step down and speculation about who would take over. He was succeeded by Børge Brende, who became chair and managing director of the managing board, while Schwab took on the role as chair of WEF’s board of trustees.

A couple of weeks before Schwab’s 2024 announcement, Charles “The Great Reset” King was crowned King of the United Kingdom and the other 14 Commonwealth realms.

King Charles Urged to Step Back from Key Royal Duties

On Wednesday, the day before the news about Schwab stepping down from WEF’s board of trustees was publicised, it was reported that King Charles III has been urged to step back from key royal duties to safeguard his health following a recent hospitalisation due to side effects from his cancer treatment.

Charles has now had cancer for more than a year and some believe he should slow down. However, convincing the king to work less has always been a notoriously difficult task. A royal aide recently told Newsweek that Queen Camilla was the only one who had any success asking the king to slow down.

Among those with the view that the monarch should slow down with his jam-packed work schedule is Ingrid Seward, author of the royal book My Mother and I.

Seward told Newsweek that the monarch should give some of his work to other royals to complete on his behalf, including investiture ceremonies. “He could just step back from the investitures. I think that would be a good idea,” she said.

The monarch, 76, went in for his weekly treatment on Thursday, 27 March, but experienced side effects which required a period under observation at private hospital The London Clinic, though he did not need an overnight stay. Charles was back at work on Tuesday, 1 April, performing a lengthy investiture ceremony, in which he knighted or presented honours to dozens of people.

An investiture ceremony is a formal event where individuals receive honours or are installed in a position of authority. In the United Kingdom, investitures are held at Buckingham Palace, Windsor Castle or the Palace of Holyroodhouse, where recipients receive their honours from a member of the Royal Family. These honours include knighthoods, MBEs (Member of the Order of the British Empire), OBEs (Officer of the Order of the British Empire) and other awards.

An option would be for Prince William to do more investiture ceremonies of the kind Charles III conducted on Tuesday, which can stretch on for hours. “There’s the Princess Royal [Charles’ sister Anne], Prince Edward could do investitures as well. There’s no reason he couldn’t,” Seward said.

Featured image: Vaclav Havel, Klaus Schwab, Prince Charles – World Economic Forum Annual Meeting 1992. Source: Flickr

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