"The rockstar banker was a fixture at summits, where he spoke beside business leaders and the political elite, espousing the values of international cooperation and the need for open economies and shared rules. But after less than a year as prime minister of Canada, Carney offered a blunter assessment of the world on Tuesday: the strong do what they can, and the weak suffer what they must."
"In a wide-ranging speech that was at times elegiac for the predictable rules-based order, Carney laid out a doctrine for a world of fractured international norms, warning compliance will not buy safety. The old order is not coming back. We should not mourn it, he said. Nostalgia is not a strategy. The remarks, delivered to politicians, media and business leaders at the World Economic Forum in Davos, Switzerland, were received with a standing ovation."
"While they did not explicitly mention Donald Trump, Carney nonetheless alluded to growing frustration and concern that the White House is eager to dismantle and weaken the the architecture of collective problem solving that has defined much of the past eight decades. Leaders in other western capitals have alluded to dangerous departures' Trump has taken from norms, but they always return to the possibility that he can be appeased or accommodated."
The rules-based international order is collapsing and will not return. Powerful nations increasingly act unilaterally, undermining multilateral institutions and leaving weaker states vulnerable. Compliance with existing norms and agreements will not guarantee security or stability. Attempts to accommodate or appease disruptive departures from established norms will fail to restore the previous architecture of collective problem-solving. Western capitals are recognizing that managing disruptive policy shifts by major powers may be impossible over the remainder of a term. Political, business and media audiences have reacted strongly to this assessment, reflecting growing global concern about fractured international norms.
Read at www.theguardian.com
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