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Oh they expanded that? I remember when it was just “You will own nothing”.
The saying comes from an opinion piece that was sponsored by the WEF. You can read more about it on the Wikipedia page. The article presented a future where the climate problem was fixed because the entire economy was based on services instead of the production of goods. It certainly has some elements that could work, but also has relied heavily on the neoliberal “the market will fix it” mentality.