For anyone who would like to hear Mark Carney’s outstanding Davos speech in full here it is. This is what true global leadership looks like.
Canada should be immensely proud today, because they are leading the fight back when others dare not.
🎥 TikTok - https://t.co/BExGV2YIDq
BREAKING: Canadian Prime Minister Mark Carney delivers an astonishing eulogy for the end of American dominance thanks to Donald Trump: "This bargain no longer works."
It's rare that a world leader speaks so candidly about how the world really functions. This speech will be studied in the history books...
"We knew the story of the international rules-based world order was partially false, that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically," Carney said during an address at the Davos World Economic Forum. "And we knew that international law applied with varying rigor depending on the identity of the accused or the victim."
"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," he continued. "So 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," said Carney. "Over the past two decades a series of crises in finance, health, energy, and geopolitics have laid the bare risks of extreme global integration."
"But more recently, great powers have begun using economic integration as weapons," he said, clearly referring to Trump. "Tariffs as leverage. Financial infrastructures 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."
Carney's analysis offers a refreshingly honest perspective on the post-World War II order. Western nations, led by the United States, created a sophisticated network of global institutions and rules that privileged their interests, often at the expense of developing nations. It was a flawed system that nonetheless brought peace, stability, and prosperity to the nations that it was created to benefit.
"The multilateral institutions on which the middle powers have relied, the WTO, the U.N., the COP, the very architecture of collective problem solving are under threat," Carney said.
"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," he continued. "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."
Carney was driving at a hard truth that MAGA refuses to acknowledge. Despite what Trump thinks, European nations haven't been content to accept a kind of vassal state status simply because they're scared of the United States. They've gone along with the world that America designed because it directly benefited them in concrete ways. Now that Trump is stripping away those benefits, they're going to begin decoupling economically and strategically from the United States. Canada's massive recent trade deal with China proves that.
The problem is that Donald Trump and his MAGA supporters are too ignorant and paranoid to understand that the system they're destroying helps them. They take for granted the American dollar's status as the global reserve currency. Once these hidden pillars that hold up the world start crumbling, quality of life in the U.S. will plummet.
"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..." Carney continued. "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 in order to rebuild sovereignty, sovereignty that was once grounded in rules but will increasingly be anchored in the ability to withstand pressure."
There is no putting this genie back in the bottle. Thanks to the stupidity, pettiness, and egomania of Donald Trump, America has been hurled into a dangerous new status quo. The rest of the world will never trust us in the same way again, but if we can remove him from power and vote in Democrats, we can at least set about undoing some of the damage.
The future is uncertain, but what is certain is that our country will only survive if Democrats are the ones at the wheel.
Please ❤️ and share if you think that Trump is destroying America.
My conversation with @naval. Enjoy!
(0:00) - The Theory of Everything
(4:48) - How do you know what’s true?
(7:51) - Groups search for consensus, individuals search for truth
(13:07) - We have never run out of a single resource
(15:25) - Are we destroying the Earth?
(17:48) - Marxism denies wealth creation
(21:28) - Regulation kills innovation
(27:05) - Degrowth and the fall of Western universities
(33:31) - Why the West is best
(35:47) - Federalism
(38:10) - Everyone wants to live forever
(41:44) - Humans are universal explainers
(43:25) - Collectivism vs. individualism
(50:44) - You cannot explain the universe without explaining humans
(55:02) - How @DavidDeutschOxf’s ideas have changed Naval’s life
(1:02:31) - The scientific method isn’t possible
(1:05:07) - The low-hanging fruit theory is a bad explanation
(1:08:19) - The biggest threats to Western civilization
WARREN BUFFETT ANNOUNCED TODAY HE WOULD BE RETIRING END OF THIS YEAR AT AGE 95
THIS 1 HOUR LECTURE IS STILL HIS BEST ONE ON INVESTING & RUNNING BUSINESSES
Do you get that the monetary order, the domestic order, and the world order are breaking down? Do you understand why and what that is likely to lead to? If not, I suggest that you read my last book or watch my video both titled "Principles for Dealing with the Changing World Order” or at least watch the 4-minute summary clip from the video here.
I also cover how these orders are changing in my new book “How Countries Go Broke: The Big Cycle." I’m not asking you to believe anything: I am suggesting that you consider the reasoning that I laid out in these and decide for yourself what’s true and what you want to do about it.
In order to understand the full picture of how the world order is changing, I would urge you to watch this five-minute clip, or the complete 40-minute animated video called "Principles for Dealing with Changing World Order." And if you want an even more complete explanation, you can check out my book of the same title.
#principles #politics #economics
Dear council, I live in ward 8 in elbow park and I volunteer actively in ward 7. I am a born and raised Calgarian that has spent the majority of my adult life trying to make Calgary a more inclusive and vibrant space for everyone. 1/
NEWS: Mercedes has officially unveiled the all-electric G-Class.
• Starting price: $180,000 (estimate)
• 0-62-mph in 4.7s
• 116 kWh battery
• Estimated 250 mile EPA range
• 200 kW max charging speed
• Drag coefficient of 0.44
• Battery is protected by a 1" thick skid plate. It weighs 127 lbs
• Can drive in water up to 33.5" deep (5.9 inches more than the ICE version)
• 579 HP
• 12.3-inch touchscreen
• Deliveries start late 2024
Absolutely bonkers story here: A court has ruled a tenant can be held liable for taxes that a non-resident landlord fails to pay. So tenants are expected to keep tabs on where their landlords live and pay taxes... https://t.co/qF9fxcwUyD