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Ezra Klein (1:02)
At Davos Last week, Mark Harney, the Prime Minister of Canada, gave a speech that sent shockwaves through the international community.
Mark Carney (1:13)
Let me be direct. We are in the midst of a rupture, not a transition. Canadians know that our old comfortable assumptions that our geography and alliance memberships automatically conferred prosperity and security. That assumption is no longer valid. We know the old order is not coming back. We shouldn't mourn it. Nostalgia is not a strategy. But we believe that from the fracture we can build something bigger, better, stronger, more.
Ezra Klein (1:43)
Just to understand why this speech has been such an international relations earthquake, you need to understand something about him. Carney is as establishment as you get. He is a technocrats technocrat. Former governor of the bank of Canada, former governor of the bank of England. For Carney, this kind of figure to come out at Davos in front of all those assembled government elites and business elites at this moment when Trump is threatening tariffs on Europe in order to take over Greenland, for him to come out and say the that we are living in a rupture, that the old order in which you could have values based relationships with the United States of America is over. For Carney, the leader of Canada, America's both geographically and in many ways spiritually closest ally. To say this, that is a break point. I think that's a moment, a week that's going to be remembered for a long time. Beneath Carney's analysis of what is happening here is an idea I've been following for some time called weaponized interdependence. And this idea comes from the international relations theorists and professors Henry Farrell and Abraham Newman. It's in their book Underground How America Weaponized the World Economy. And the basic concept is that over time, in this globalized, woven together world, there are a lot of ways in which being on American technologies and in American financial markets gave us leverage. And that was fine for our allies, for the world, so long as we didn't use that leverage too much. But now we've begun to make that a way we can harm them, a way we can extort them, a way we can control them. And that has really changed the nature of the bargain. Henry Farrell is an international relations professor at Johns Hopkins University. He is author, as I mentioned, of Underground Empire and of the excellent substack Programmable Mutter. I want to have him on to talk me through Carney's speech, these ideas, and if the old order is ending, what that might mean for the one to come. As always, my email Ezra kleinshoneytimes.com. Henry Farrell, welcome to the show.
