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Daily Inspiration Quote by Mark Carney

"We have broken the link between value and values"

About this Quote

It lands like an accusation dressed as diagnosis: modern capitalism didn’t just get greedy, it got unmoored. Carney’s line turns on a near-identical pair of words to expose a widening moral gap. “Value” is what markets can price; “values” are what societies claim to prize. By saying the link is “broken,” he implies the connection once existed - or at least that people once felt obliged to pretend it did. That’s the sting: the system still borrows legitimacy from ethical language while operating as if ethics are optional.

The specific intent is reformist, not revolutionary. Carney isn’t calling for markets to disappear; he’s warning that markets without a moral narrative eventually lose consent. Coming from a central banker-turned-climate-finance evangelist, it reads as a message to boardrooms and policymakers: stop treating externalities (carbon, inequality, social cohesion) as rounding errors and start treating them as balance-sheet realities. In Carney’s world, “values” become a kind of risk management tool - reputational, political, planetary.

The subtext is also a quiet critique of the post-1980s settlement: shareholder primacy, financialization, growth-at-all-costs metrics. When “value” floats free, it doesn’t become neutral; it becomes predatory, optimized for whatever can be measured quickly and monetized cleanly. The rhetoric works because it’s compact and damning without being partisan. It invites listeners across ideologies to nod along, then asks the uncomfortable follow-up: if markets can’t encode our values, who will - and at what cost to stability if they don’t?

Quote Details

TopicEthics & Morality
SourceSpeech: “Breaking the tragedy of the horizon , climate change and financial stability” (Lloyd’s of London, 29 September 2015)
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Citation Formats

APA Style (7th ed.)
Carney, Mark. (2026, January 25). We have broken the link between value and values. FixQuotes. https://fixquotes.com/quotes/we-have-broken-the-link-between-value-and-values-184175/

Chicago Style
Carney, Mark. "We have broken the link between value and values." FixQuotes. January 25, 2026. https://fixquotes.com/quotes/we-have-broken-the-link-between-value-and-values-184175/.

MLA Style (9th ed.)
"We have broken the link between value and values." FixQuotes, 25 Jan. 2026, https://fixquotes.com/quotes/we-have-broken-the-link-between-value-and-values-184175/. Accessed 12 Feb. 2026.

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Mark Carney: We Have Broken the Link Between Value and Values
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About the Author

Mark Carney

Mark Carney (born March 16, 1965) is a Economist from Canada.

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