In 2018, the WEF tweeted a video of predictions for 2030 that included, “You’ll own nothing. And you’ll be happy.” Five years on, we can see that there’s still a long way to go for that prediction to come true.
The resilience of property rights is perhaps best demonstrated by the lengths that totalitarian regimes have to go to undo them.
In 2016, the goofballs at the World Economic Forum (WEF) published an article of fantastical utopianism. Ida Auken, a socialist member of the Danish parliament, wrote that in the year 2030, she lived in a city where nobody owned anything and everybody was happy. Private ownership has been abolished, everything we used to pay for is now free, green energy powers everything—it’s exactly the kind of nonsense you’d expect from a Danish socialist.
In 2018, the WEF tweeted a video of predictions for 2030 that included, “You’ll own nothing. And you’ll be happy.” Five years on, we can see that there’s still a long way to go for that prediction to come true.
In 2023, Carol Roth wrote a book called You Will Own Nothing, in which she takes the WEF a little too seriously and pulls together stray facts from around the global economy to allege that “World War F” is on the horizon, “a financial world war where you are ‘F’d.’”
Roth is a hyperactive Twitter user, and her book reads like an amalgamation of Twitter threads, so it can sometimes be difficult to keep the argument straight. Right off the bat, for example, the reader is told that there are three aggressors in World War F: “government and government-related forces (think Congress and the Federal Reserve),” “bad actors and elite power-grabbers (think the World Economic Forum and big business),” and “Big Tech.” These aren’t really distinct categories, as government contains bad actors and power-grabbers, and Big Tech is part of big business.
Regardless, there’s a group of elites out there who want to prevent you from owning stuff, according to Roth. As evidence, she points to government overreach during the Covid pandemic, high levels of government and individual debt, poor monetary policy by the Federal Reserve, the potential adoption of central-bank digital currencies, and the proliferation of ESG investing, among other economic problems.
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