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Mark Carney: “Hegemons cannot continually monetize their relationships.”

Featuring: Mark Carney, Liberal | Prime Minister of Canada | International

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Davos LIVE: Canadian PM Mark Carney speaks at World Economic Forum

Published | Video Starts at 08:18

If great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interest interests, the gains from transactionalism will become harder to replicate. Hegemons cannot continually monetize their relationships. Allies will diversify to hedge against uncertainty. They'll buy insurance, increase options in order to rebuild sovereignty. Sovereignty that was once grounded in rules, but will increasingly be anchored in the ability to withstand pressure. (08:18–08:24)

CLAIM

Asserts that hegemonic powers cannot indefinitely profit from their international relationships.

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