Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

"End of Pax Americana": Standing ovation in Davos for Canada's Prime Minister Mark Carney

edited January 21 in Off-Topic
Following are edited excerpts from a current report in The New York Times:

Prime Minister Mark Carney got a standing ovation in Davos for starkly describing the end of Pax Americana. He is looking for new allies to help his country survive it.
Prime Minister Mark Carney of Canada delivered a stark speech in Davos, Switzerland, on Tuesday, prompting global political and corporate leaders in the audience to rise from their seats for a rare standing ovation. He described the end of the era underpinned by United States hegemony, calling the current phase “a rupture.” He never mentioned President Trump by name, but his reference was clear: “Every day we’re reminded that we live in an era of great-power rivalry,” Mr. Carney said. “That the rules-based order is fading. That the strong can do what they can, and the weak must suffer what they must.”

And he warned, “The middle powers must act together because if we’re not at the table, we’re on the menu.”

He would know. Mr. Trump started his second presidential term making claims on Canada as the 51st state and threatening Canada’s previous leader, Justin Trudeau, whom Mr. Trump publicly derided, with unilaterally scrapping agreements that have governed the relationship between the neighboring countries for over a century.

Trump has imposed tariffs on Canada, which is one of America’s two top trading partners along with Mexico, that are crippling some of Canada’s key economic sectors, such as autos, steel, aluminum and lumber. Mr. Trump’s allies, particularly Steve Bannon, have talked about the benefits of the United States’ annexing Canada to access its vast Arctic and natural resources, including critical minerals and rare earths.

Mr. Carney chastised other leaders too, many of whom would have been following his speech in Davos, for not standing up for their interests. “There is a strong tendency for countries to go along to get along,” he said. “To accommodate. To avoid trouble. To hope that compliance will buy safety. It won’t.”

Mr. Carney made clear he is choosing a different path. He wrote his own speech, which is a departure since speeches of this magnitude are usually prepared by high-level staff members with the leader’s input. It highlighted the Canadian prime minister’s motives for flexing his rhetorical muscle on the Davos stage: Canada’s economic and, perhaps literal, survival. Mr. Carney spoke not long after Mr. Trump had posted an altered image on social media that featured a map of American flags superimposed over both Canada and the United States, as well as Greenland.

Canada’s integration with the United States runs deep across its economy, defense and culture. The position of the country in the ongoing Greenland crisis is a little distinct to that of the European powers finding themselves in Mr. Trump's cross hairs, even if they are all NATO allies. The two nations have a joint command for North American air defense. This week aircraft from both countries are at an American air base in Greenland as part of a regular training exercise that the joint air command said had been approved by Denmark. This is a situation that would rapidly grow very difficult for Canada should the United States choose to militarily involve itself in Greenland.

Comments

  • Perhaps the house and senate repugnants should listen to that speech with open minds and then act in the best interests of the US. If they also watched the creep’s speech it’s obvious he is past his expiration date and a danger to the world. It’s really in their hands , isn’t it?

  • @larryB - if it isn't that's where it begins at least. It would be nice if some of those retiring cowards would finally put on their adult pants and do what they are supposed to and should have done long ago.
  • I really appreciate you guys reading or even just skimming this stuff. I know it's long and sometimes repetitive, but it's very important to have an understanding of reality. Unlike another poster that we're unfortunately familiar with.
  • Excellent speech from Canadian Prime Minister Mark Carney at Davos yesterday.
    Here is the full, official transcript.

    https://robertreich.substack.com/p/o-canada
  • WOW... great speech. No wonder he got a standing ovation. Thanks much for that, O1.
  • The new leader of the free world.
  • larryB said:

    The new leader of the free world.

    I think you're RIGHT!
  • He is for sure leading in the direction of sanity.
Sign In or Register to comment.