'The old order is not coming back,' Carney says in provocative speech at Davos

[In It to Win It]

Prime Minister Mark Carney delivered a frank assessment of how he views the world in a provocative speech in Davos, Switzerland, on Tuesday, where he said the longstanding U.S.-led, rules-based international order is over and middle powers like Canada must pivot to avoiding falling prey to further "coercion" from powerful actors.

Without invoking U.S. President Donald Trump by name, Carney said "great powers" are using economic integration as "weapons."

"Canadians know that our old, comfortable assumption that our geography and alliance memberships automatically conferred prosperity and security is no longer valid," Carney said.

As it grapples with this new dynamic, Carney said Canada must be "principled and pragmatic" and turn inward to build up the country and diversify trading relationships to become less reliant on countries like the U.S., now that it's clear "integration" can lead to "subordination."

Carney said multilateralism and the "architecture of collective problem-solving" — relying on institutions like the World Trade Organization, the United Nations and Conference of the Parties (COP) for climate talks — has been "diminished" and countries have to accept they may have to go it alone more often than in the recent past.

"Many countries are drawing the same conclusions. They must develop greater strategic autonomy: in energy, food, critical minerals, in finance and supply chains.

https://www.cbc.ca/news/politics/carney-davos-speech-9.7052725

[bucolic_frolic]

1. The smart money is on PM Carney, he's been impressive. /nt

[Scrivener7]

2. We are done as a global power. And given what we have done to ourselves, I'm not sure that's a bad thing.

[Solly Mack]

3. I hope they don't isolate themselves even as they must think in terms of the U.S. being hostile.

They are stronger together.