How to Fight an Economic War

The World Economic Forum at Davos is rarely the site of geopolitical rupture. But this year, Canadian Prime Minister Mark Carney stood before the assembled executives and dignitaries to declare the end of an era. Globalization, with its promise of win-win cooperation, had given way to intensifying economic warfare. “Great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited,” he said. “You cannot live within the lie of mutual benefit through integration, when integration becomes the source of your subordination.”