Canada's Carney says world order 'in the midst of a rupture'

""We knew the story of the international rules-based order was partially false, that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically," Carney said in a speech at Davos."

""This fiction was useful, and American hegemony, in particular, helped provide public goods, open sea lanes, a stable financial system, collective security and support for frameworks for resolving disputes," Carney said."

""We placed the sign in the window. We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality. "This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition," Carney added."

Mark Carney warned of deepening global fissures as the international rules-based order unravels under asymmetric enforcement and concentrated US power. American hegemony historically provided public goods such as open sea lanes, a stable financial system, collective security and dispute-resolution frameworks, but those mechanisms relied on selective enforcement and tolerance of gaps between rhetoric and reality. The previous bargain that masked these inconsistencies no longer holds and a rupture is underway rather than a smooth transition. Middle powers such as Canada face strategic choices between isolationist defenses or ambitious cooperative approaches and risk marginalization if excluded from decision-making.

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