Carney: We Are in a Global Rupture

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Transcript

00:00It seems that every day we're reminded that we live in an era of great power rivalry,

00:08that the rules-based order is fading, that the strong can do what they can and the weak must

00:14suffer what they must. And this aphorism of Thucydides is presented as inevitable,

00:22as the natural logic of international relations reasserting itself. And faced with this logic,

00:30there is a strong tendency for countries to go along to get along, to accommodate,

00:38to avoid trouble, to hope that compliance will buy safety. Well, it won't. Let me be direct.

00:47We are in the midst of a rupture, not a transition. Over the past two decades, a series of crises in

00:55finance, health, energy, and geopolitics have laid bare the risks of extreme global integration.

01:01But more recently, great powers have begun using economic integration as weapons. Tariffs as

01:07leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited.

01:13Magic America

01:16With great Kill Erica

01:17With great��

01:30With great Will