this post was submitted on 17 Apr 2025
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“If you're a fan of the established order of capitalism Carney's your guy for sure…”
I think both Pierre and Carney fit this description.
However one will cheer on the 51st state and one will lead a stable economy
No, it doesn’t. There are two important differences.
PP is a devotee of the cult of the free market, that markets are best and all we need to do is remove restrictions on them. Carney believes markets should serve to people, that the end goal isn’t just naked efficiency but they we need market forces directed to get human-centric outcomes.
This is extensively covered in Carney’s 2021 book “Values” which I encourage everyone to read in order to understand the important differences in these approaches. Carney’s approach is an explicit rejection of the idiotic free market cultism of PP and his ilk.
Another critical difference is in competence. Carney is an experienced leader who was so well-regarded in his field that the UK selected him as the first ever non-local to run the Bank of England. Whereas PP can’t even manage to handle questions from friendly press, let alone lead something.
So no, they are not the same. You might still want to prefer an explicitly socialist approach that rejects markets entirely, which is a legitimate perspective for sure. But aside from the revolution party no one is really advocating that at the federal level.
To add to this, as result of these differences, Carney might be able to extend the shelf life of the established capitalist system. PP on the other hand is going to accelerate its decline towards more inequality, poverty and instability. So from the perspective of preserving the system itself, Carney is the guy.
If Carney gets a majority and is unable to substantively turned things around, I’m giving up on capitalism.
I sincerely believe we will never have a better candidate to represent the perspective of directed market economics. As the sportsball chant goes: “If he can’t do it, no one can.”
It's not so much capitalism as it is the premiers being literal throns in our countries side when it comes to progress (Alberta and Sask). They will threaten to "leave Canada" because of some bullshit reasoning that changing our economy from a petrol one to a green one will be bad for the economy. Meanwhile it will only generate new growth and stability for everyone who invests in it. Carney KNOWS this
The challenge for the prairies is that we need to undo the brain rot that has told the people in those provinces their only future is in servicing American oil extractors.
There is a story for these provinces. The Norwegian or Saudi model of having the oil extraction being state-owned — and then using the profits to enrich the population — has been tremendously successful.
Alberta and Saskatchewan control these rights in their provinces and the centre and left should be screaming this from the hilltops. The oil and minerals are non-renewable and they should focus on getting value to enrich their own populations, not rush to produce at a discount in order to enrich American shareholders.
Bingo. Alas all they consume is brain rot
Capitalism very much has large internal problems that require unending relentless work to keep from undermining it. So it's very much a problem itself. Then the problems you highlight add to the challenge. 😂
Mass immigration into an existing housing shortage is not "capitalism". Inverting the Phillips curve via mass immigration is huge government overreach.