Is it Carbon Tax Carney? Canapé Carney? Redistribution Carney? Right now, Canada's Conservatives can't even settle on a nickname for their likely opponent in the next federal election, much less a compelling argument against his candidacy.
Bizarrely enough, he’s actually probably less in favour of slashing everything than Freeland and obviously Poilievre… if his rhetoric and past actions are indicative. Yes, heads of banks can often do evil, but some have still spoken up about inequality in recent years because they’re more aware of what’s happening in markets than a lot of economists are. (Here’s a kind of shocking video by an economist and public educator who went to the private sector for a while after doing his Master’s at Oxford discussing why, for those interested.)*
If Carney is at least somewhat on our side, we would at least stave off another fascist or fascist-supporting government in the world.
*TLDW: The vid happens to be about why highly ranked economists often get predictions wrong. One of the reasons he goes into is private sector money drawing promising students away from universities unless they’re wealthy enough not to need the money. Wealthy PhD students are typically too out of touch to realize the models they use leave out crucial data on inequality.
Yeah I saw an interview of him with Jon Stewart and he seems pretty sensible.
But it still sounds like austerity measures aren’t off the table. I’ve been living in austerity measures all of my adult life since 2008 it seems and I feel like I can’t take it anymore.
I’ve been watching increasingly austere policies come up (and voted against them) since before 2008. This guy has been pro-regulation, remember. Not something big business tends to favour. Austerity policies tend to come from politicians listening to dedicated neoliberal economists, touting the usual free market garbage. When it comes to a banker, you have to research/watch them and discern what outcome they’re going for. The best clue for that is probably their past actions. Thankfully there are old and new articles about both potential party leaders, along with the other party leaders. I’ve just read a couple about him so far (as well as seeing that interview you mentioned when it got posted online).
Bizarrely enough, he’s actually probably less in favour of slashing everything than Freeland and obviously Poilievre… if his rhetoric and past actions are indicative. Yes, heads of banks can often do evil, but some have still spoken up about inequality in recent years because they’re more aware of what’s happening in markets than a lot of economists are. (Here’s a kind of shocking video by an economist and public educator who went to the private sector for a while after doing his Master’s at Oxford discussing why, for those interested.)*
If Carney is at least somewhat on our side, we would at least stave off another fascist or fascist-supporting government in the world.
*TLDW: The vid happens to be about why highly ranked economists often get predictions wrong. One of the reasons he goes into is private sector money drawing promising students away from universities unless they’re wealthy enough not to need the money. Wealthy PhD students are typically too out of touch to realize the models they use leave out crucial data on inequality.
Yeah I saw an interview of him with Jon Stewart and he seems pretty sensible.
But it still sounds like austerity measures aren’t off the table. I’ve been living in austerity measures all of my adult life since 2008 it seems and I feel like I can’t take it anymore.
I’ve been watching increasingly austere policies come up (and voted against them) since before 2008. This guy has been pro-regulation, remember. Not something big business tends to favour. Austerity policies tend to come from politicians listening to dedicated neoliberal economists, touting the usual free market garbage. When it comes to a banker, you have to research/watch them and discern what outcome they’re going for. The best clue for that is probably their past actions. Thankfully there are old and new articles about both potential party leaders, along with the other party leaders. I’ve just read a couple about him so far (as well as seeing that interview you mentioned when it got posted online).