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Maroc Maroc - WN.COM - Americas - 28/Jan 17:58

The Carney doctrine

For a moment, Mark Carney made it look so easy. When the Canadian prime minister stood up at Davos on 20 January, he delivered a platitude-busting speech that dismantled the “fiction” that has underpinned the rules-based international order for decades – and offered a vision for how to escape Donald Trump. Invoking the Czech dissident-turned-president Václav Havel’s essay “The Power of the Powerless”, Carney likened Soviet-era communism to the dominance of the liberal order of today – an order everyone has always known “was partially false”. We always knew, for example, “that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically. And we knew...

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