Canadian PM Mark Carney has raised the median IQ in Australia for a few days.
The world order is undergoing a rupture and the old norms of the rules-based international order are being erased, and that new system that will emerge ultimately is yet to be built.
Global institutions have often been too slow to react to crises and too ineffective when they did. And this breakdown has been building over time. In the past few decades, a series of crises, beginning in finance, health, energy and geopolitics, has laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion and supply chains as vulnerabilities to be exploited. So countries – and this is a point I was trying to make in Davos –cannot live within the lie of mutual benefit through integration, when integration becomes their source of subordination.
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