The Canadian PM and former governor of the Bank of England, Mark Carney, told an audience at Davos yesterday that “the old order is not coming back,” and that “there’s been a rupture in the world.”

He said the structures we took for granted have been replaced by “a system of intensifying great power rivalry where the most powerful pursue their interests, using economic innovation as coercion.”

This gloomy declaration came just days after he went to Beijing to strengthen ties with the communist superpower in light of what he called “the new world order.” It seems to have passed him by that China has been “using economic........

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