Canada should focus on building ties with countries that share its values — but tread carefully

The Foreign Ministers Josep Borrell of the EU, James Cleverly of Great Britain, Yoshimasa Hayashi of Japan, Antony Blinken of the U.S., Annalena Baerbock of Germany, Melanie Joly of Canada, Catherine Colonna of France, and Antonio Tajani of Italy, at the G7 Foreign Ministers' Meeting in Münster, Germany, on Oct. 3, 2022. (AP Photo/Martin Meissner)

In his recent book, Values: Building a Better World for All, economist and former governor of the Bank of Canada and Bank of England Mark Carney argued that economic activity should be intentionally linked to the social and political outcomes it generates.

The premise is this: society’s problems of inequality, health and economic crises, and a deteriorating climate stem from a problem in how and what we, as humans, value. According to Carney, this problem can be solved by reimagining capitalism in a way that places human values at its core.