Just a couple of hours after I wrote that I hadn't yet seen the major agenda of Davos 2026, Canadian PM Mark Carney made a speech that suddenly made it clear.

So, what is the speech about?

It's about how the US are bad guys, attempting to boss around the world through strength and nothing more. That the "rules-based order" is, and always was, a lie (sort of). That US hegemony is bad and must end. That countries should be independent (but also not really).

It is rambling and non-specific, alluding to ideas without declaration of a real position, save that the old way of doing things is over, and there's no going back.

He sums this up with a closing line has a certain…familiarity:

we believe that from the fracture we can build something bigger, better, stronger, more just."

Hmmm.

The takeaway is that this is an important speech. How do we know that? Well, because everyone is saying so.