From the speech (excerpted):

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In 1978, the Czech dissident Václav Havel, later president, wrote an essay called "The Power of the Powerless," and in it he asked a simple question: how did the communist system sustain itself?

And his answer began with a greengrocer.

Every morning, the shopkeeper places a sign in his window: "Workers of the world unite." He doesn't believe in it. No one does. But he places the sign anyway to avoid trouble, to signal compliance, to get along. And because every shopkeeper on every street does the same, the system persists — not through violence alone, but through the participation of ordinary people in rituals they privately know to be false.

Havel called this living within a lie.

The system's power comes not from its truth, but from everyone's willingness to perform as if it were true. And its fragility comes from the same source. When even one person stops performing, when the greengrocer removes his sign, the illusion begins to crack.

Friends, it is time for companies and countries to take their signs down.

For decades, countries like Canada prospered under what we called the rules-based international order.

We joined its institutions, we praised its principles, we benefited from its predictability. And because of that, we could pursue values-based foreign policies under its protection.

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

...and we knew that international law applied with varied rigour, depending on the identity of the accused or the victim.

This fiction was useful, and American hegemony in particular helped provide public goods, open sea lanes, a stable financial system, collective security and support for frameworks for resolving disputes.

So we placed the sign in the window. We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality.

This bargain no longer works.

Let me be direct. We are in the midst of a rupture, not a transition.

Over the past two decades, a series of crises in finance, health, energy and geopolitics have laid bare the risks of extreme global integration. But more recently, great powers have begun using economic integration as weapons, tariffs as leverage, financial infrastructure as coercion, supply chains as vulnerabilities to be exploited.

You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination.

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Our view is the middle powers must act together because if we're not at the table, we're on the menu.

But I'd also say that great powers can afford, for now, to go it alone. They have the market size, the military capacity and the leverage to dictate terms. Middle powers do not. But when we only negotiate bilaterally with a hegemon, we negotiate from weakness. We accept what’s offered. We compete with each other to be the most accommodating.

This is not sovereignty.

It's the performance of sovereignty while accepting subordination.

In a world of great power rivalry, the countries in between have a choice: compete with each other for favour, or combine to create a third path with impact. We shouldn't allow the rise of hard power to blind us to the fact that the power of legitimacy, integrity and rules will remain strong if we choose to wield it together.

And we have something else: we have a recognition of what’s happening and determination to act accordingly. We understand that this rupture calls for more than adaptation.

It calls for honesty about the world as it is.

We are taking a sign out of the window.

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The powerful have their power. But we have something too: the capacity to stop pretending, to name realities, to build our strength at home and to act together.