Liberealism: Carney's New World Order

<div> Canadian Prime Minister Mark Carney’s epochal&nbsp;<span>speech at the 2026 World Economic Forum</span> </div> <div> Annual Meeting in Davos has set the globe on fire. In particular, Carney’s speech was notable in that it indirectly rebuked U.S. President Donald Trump and called out “American hegemony” for hypocritically creating exemptions for itself in the “international rules-based order,” in ways that harmed allies and rivals alike.&nbsp;<span>Besides, while Carney’s&nbsp;</span><span>speech was not unprecedented in its attempt to thread the&nbsp;</span><span>needle between the liberalism and realism in international&nbsp;</span><span>relations theory, the speech was notable in that it articulated&nbsp;</span><span>an approach for “middle powers” to collectively defend their&nbsp;</span><span>interests in a realist world without having to bend to the&nbsp;</span><span>whims of the superpowers or abandon the system of&nbsp;</span><span>“economic integration” that has given way to “great power&nbsp;</span><span>rivalry.”&nbsp;</span>Insofar as Carney blends the worldview of realism&nbsp;<span>with the toolkit of liberalism to form an action plan for middle&nbsp;</span><span>powers, the "Carney consensus" could also be understood as "</span><span>liberealism," or "middle power realism." This article attempts to explore the implications of Carney's "liberealism" for Canada, the EU, and India, while proposing a "middle power alliance" of seven cross-regional nations to complement out the G7 and the G20.&nbsp;</span> </div>