Floating Button
Home Capital Investing strategies

Waking up from a ‘pleasant fiction’ to invest in an era of scarcity

Lin Daoyi
Lin Daoyi • 8 min read
Waking up from a ‘pleasant fiction’ to invest in an era of scarcity
durCooling towers of a nuclear power plant in the Czech Republic. Some countries are switching to nuclear power for greater energy security and sufficiency. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.
Add as a preferred source on Google

The world order has been ruptured, marking the ending of a “pleasant fiction”, declared Canadian Prime Minister Mark Carney in a Jan 20 speech.

Speaking at the World Economic Forum, Carney shines a light on what most of the world recognises but is presumably not brave enough to articulate — that the rules-based international order was a pretence, with countries participating by “living within a lie” and undertaking practices that sustain US hegemony.

He says: “We knew the story of the international rules-based order was partially false. That the strongest would exempt themselves when convenient. That trade rules were enforced asymmetrically.

×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2026 The Edge Publishing Pte Ltd. All rights reserved.