Thus Spake Carney
A few things strike me:
- He’s shitting himself
- He’s right
- American criticisms of Canada and other allies are also largely right
- The fawning over this speech is mostly TDS
- It is good strategy, but it would have been better strategy not to say it out loud
What’s happening in the western alliance today is nothing new, historically. We’re seeing a hegemon become unreliable and even threatening, the latter only in a theatrical way this time around.
As it’s a known pattern, there’s a known response: quietly hedge.
In the present case, that means finding alternative trade partners, building parallel alliances and diversifying supply chains. This reduces dependence on the wavering hegemon and provides room to move in an emergency.
The idea isn’t for middle powers to gang up on the hegemon, as some have misconstrued. It’s to ensure there are worse but hopefully sufficient options available if, in the present case, the US imposes a trade war or fails to assist in a kinetic war.
The things Carney says are rational and time-proven countermoves for middle powers in this sort of situation.
However, he misses a vital element of the strategy: you’re supposed to do it quietly!
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