Mark Carney’s Davos Warning: The Death of the Old Order & How UK & Europe Should Respond

The rules-based world order is dead. That is the brutal wake-up call from former Bank of England Governor Mark Carney at Davos. In this episode of Trading Up Unpacked, Jim Fitzpatrick and Richard Ramsey break down Carney’s "Churchillian" analysis of the shifting global economy. They unpack Carney’s argument that international rules have become a "fiction" and explore his strategy of "variable geometry" and how that applies to the UK, Europe and even Northern Ireland. Key topics include: The Lie of the Old Order: Why economic integration has become a weapon rather than a mutual benefit. At the Table or On the Menu: The urgent need for middle powers (UK, Canada, Japan) to forge a "Third Path" or submit to hegemons. The End of the Peace Dividend: The difficult trade-offs facing Europe between funding welfare and increasing defense spending. The Globalisation Trilemma: Applying Dani Rodrik’s theory on why you cannot have globalisation, sovereignty, and democracy all at once but can have only two of the three.

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