In a social media post on Friday, Canadian Prime Minister Mark Carney proclaimed, "Canada has what the world needs. As a new era of international trade and cooperation takes shape, Canada will thrive. We’re creating a new web of trade partnerships to bring new investment, open up new markets, and deliver transformational opportunities for Canadian workers."
It's a rallying cry for optimism, painting Canada as a global linchpin in a reimagined economy. However, beneath the rhetoric lies a stark disconnect: Carney, the self-styled architect of prosperity, champions policies that repel the very capital he courts.
His worldview—steeped in net-zero zealotry and a casual embrace of fiscal largesse—reeks of socialist interventionism dressed in technocratic garb.
As UN Special Envoy for Climate Action and Finance, he spearheaded the Glasgow Financial Alliance for Net Zero, pushing banks toward green mandates that prioritize ideology over innovation.
The movement capitulated — yet Carney presses forward in Canada.
His tenure at the Bank of England saw him advocate expansive monetary policies, echoing the quantitative easing that ballooned debt without sustainable growth. Now, as PM, he promises trade webs to lure investment, yet his regulatory thicket—carbon pricing, ESG mandates, and red tape—drives capital flight.
And for everyday Canadians? Around 14 million are now insolvent, their dreams deferred by policies that inflate costs while promising green utopias.
You can't straddle socialism and thriving capitalism. Carney's net-zero crusade stifles energy sectors vital to trade, while deficit-financed "transformations" echo Trudeau's failed monetary experiment. Printing money can't conjure prosperity; it erodes it.
To Carney's credit, he has spoken favourably about a new oil pipeline from Alberta to the west coast. But it could take years to get shovels in the ground — if ever. He possesses the intelligence to make good things happen.
True trade partnerships demand deregulation, tax relief, and energy realism—not ideological shackles that scare off investors.
Carney's web? It's probably a snare, tangling Canadians and businesses in stagnation.