Mark Carney’s speech at the World Economic Forum (WEF) in Davos this week has already generated a flurry of media commentary, the vast majority of which — at least from what I’ve seen — has ranged from positive to gushing. Given the speech’s content, this deluge is unsurprising and, to some extent, it’s also perfectly justified. For as long as most of us have been alive, the the default register at international gatherings like the WEF has been one of bland consensus. Much is signified but very little is said.

Carney’s address, in contrast, said a great deal and traded the standard bafflegab of liberal geopolitics for a language of candor and blunt realism. Its substance aside, I think this is one reason the speech has earned such a warm reception. Carney, in contrast to both the raw power realism of Donald Trump and the limp triangulation European elites have offered in response to it, communicated in a tenor of grandness and statesmanship — one that suggests states still possess agency and that international affairs can be something other than a clash of competing vanities.

In what was certainly the most striking part of the speech, he also saw fit to include a critique of what the now-defunct liberal consensus actually meant in practice: