Mark Carney
๐ค SpeakerAppearances Over Time
Podcast Appearances
But more recently, great powers have begun using economic integration as weapons.
Tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited.
You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination.
Multilateral institutions on which the middle powers have relied, the WTO, the UN, the COP, the architecture, the very architecture of collective problem solving are under threat.
And as a result, many countries are drawing the same conclusions, that they must develop greater strategic autonomy in energy, food, critical minerals, in finance and supply chains.
And this impulse is understandable.
A country that can't feed itself, fuel itself, or defend itself has few options.
When the rules no longer protect you, you must protect yourself.
But let's be clear-eyed about where this leads.
A world of fortresses will be poorer, more fragile, and less sustainable.
And there's another truth.
If great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interests, the gains from transactionalism will become harder to replicate.
Hegemons cannot continually monetize their relationships.
Allies will diversify to hedge against uncertainty.
They'll buy insurance, increase options,
order to rebuild sovereignty sovereignty that was once grounded in rules but will increasingly be anchored in the ability to withstand pressure now i want you to compare that to howard lutnick donald trump i know you're like oh don't show me a lutnick clip ben
We always will support...
sovereignty and territorial integrity of countries wherever their geographic location is.
We always will support Canada.
sovereignty and territorial integrity of countries wherever their geographic location is.