The podcast analyzes the atmosphere and implications of the World Economic Forum in Davos, Switzerland, focusing on the challenges posed by the Trump administration to transatlantic relations and the ideology of liberal globalism. Adam Tooze, present at Davos, describes the event as tense, highlighting the European uproar over the U.S.'s stance on Greenland and potential economic coercion. The discussion covers Mark Carney's speech on the rupture of the old liberal order and the need for middle powers to form flexible alliances. It further explores the corporate sector's ambiguous response to Trump's policies and the potential end of "Davos 1.0," suggesting a shift in the forum's structure and focus.
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