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#98 | 2026-01-23 10:27:35 UTC

Borges: Here's Mark Carney's speech from Davos yesterday. He basically lays out what I think the new world order is going to look like (although quite an idealised version of it). https://youtu.be/btqHDhO4h10?si=-Anc4WkOHt66G7_w StJohn: So new world order would be: a handful of hegemons with monopoly structures, and a loose highly layered set of networks among middle-tier countries... Definitely a change in the water. To say "Let us accept the new reality" at the World Economic Forum - that probably annoyed a number of people who would prefer not to think about the change in reality. I view progressive capitalism, so to speak, as the Catholicism of our time. It's the default way of thinking. So Mark Carney struck me as a good Catholic, but one who is facing a great change and has become highly advanced and pragmatic. And as he was describing these multilateral deals, notably not mentioning the US, it reminded me of Richelieu making his alliance with the Muslim Turks.