"We have broken the link between value and values"
About this Quote
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
| Topic | Ethics & Morality |
|---|---|
| Source | Speech: “Breaking the tragedy of the horizon , climate change and financial stability” (Lloyd’s of London, 29 September 2015) |
| Cite |
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.







