Canada PM Carney warns US dominance no longer ensures global stability
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- Canadian Prime Minister Mark Carney says US dominance no longer guarantees global stability.
- Carney warns of a “deep rift” in the international system and economic power used as leverage.
Canadian Prime Minister Mark Carney told the World Economic Forum in Davos that while US dominance historically provided “public goods, open sea routes, a stable financial system, and collective security,” that framework “no longer holds.”
Deep rift in the global system
Carney said bluntly: “Let me be clear, we are not just in a transitional phase; we are in the midst of a deep rift.”
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He noted that major powers are increasingly using economic integration as a tool, leveraging tariffs to achieve strategic objectives.
Challenges for global stability
Carney warned that these economic and political shifts mark a fundamental change in the rules of the international system, posing new and serious challenges to global financial and political stability.
