‘Rupture, Not A Transition’: Canada's Mark Carney Warns US-Led Order Is Fading

Last Updated:January 21, 2026, 17:33 IST

Mark Carney said the world was no longer experiencing a temporary transition but a structural break driven by intensifying great-power rivalry and the erosion of shared rules.

Canada's Prime Minister Mark Carney (IMAGE: Reuters)

Canada’s Prime Minister Mark Carney warned that the US-led “rules-based international order" is facing a historic rupture, delivering one of the starkest assessments yet of the global system that has underpinned international relations for decades. Speaking at the World Economic Forum in Davos, Mark Carney said the world was no longer experiencing a temporary transition but a structural break driven by intensifying great-power rivalry and the erosion of shared rules.

“We are in the midst of a rupture, not a transition," Mark Carney said, adding, “The strong do what they can and the weak suffer what they must."

In a speech that was at times elegiac for the predictability of the post-war order, the former central banker and economist- who entered politics less than a year ago-  argued that the system anchored by US leadership was fading and would not return.

“The old order is not coming back. We should not mourn it," he said, asserting, “Nostalgia is not a strategy."

News world ‘Rupture, Not A Transition’: Canada's Mark Carney Warns US-Led Order Is Fading

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