"Speaking before the US president's backdown on his threats to take control of Greenland by any means necessary, Carney told assembled leaders it was time to recognise the brutal reality where geopolitics among the great powers is not subject to any constraints. Stop invoking rules-based international order as though it still functions as advertised. Call it what it is: a system of intensifying great power rivalry where the most powerful pursue their interests using economic integration as coercion."
"The powerful point that he made is that a lot of the old certainties are breaking down. We see that in escalating trade tensions, the Russian invasion of Ukraine, discussions in Nato, you see it in behaviour on markets. So for Australia, and no doubt for Canada, the point that prime minister Carney was making is that our interests are best served by cooperation and by managing our differences within international law and international institutions."
Mark Carney told World Economic Forum leaders that the world is in a rupture, not a transition, and that great-power geopolitics now operate without constraints. He urged abandoning the pretense that a rules-based international order still functions and characterized the reality as intensifying great power rivalry using economic integration as coercion. Jim Chalmers described the denunciation as a stunning, widely shared speech and said many old certainties are breaking down, citing trade tensions, Russia’s invasion of Ukraine, NATO debates and market behaviour. Chalmers argued that cooperation and managing differences within international law and institutions best serve Australia’s and Canada’s interests.
Read at www.theguardian.com
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