Mark Carney Declares End of US-Led Global Order at Davos 2026

In a powerful address at the World Economic Forum in Davos, Canadian Prime Minister Mark Carney declared that the era of American-led global order has come to a definitive end. Carney asserted that the world is experiencing a “rupture” rather than a mere transition, arguing that the traditional rules-based system has become a fiction. He criticized major powers for weaponizing economic integration through tariffs and financial coercion, warning that “great powers” now exploit supply chains and trade as tools of pressure rather than shared prosperity.

To navigate this new reality, Carney urged middle powers like Canada to adopt a “principled and pragmatic” strategy by strengthening domestic self-sufficiency and diversifying trade ties. He emphasized that countries must be able to feed, fuel, and defend themselves to maintain sovereignty, as reliance on traditional alliances no longer guarantees security. Despite the grim assessment, Carney rejected nostalgia, calling on middle powers to build flexible, justice-oriented coalitions to prevent a “world of fortresses” and create a more resilient global framework.