In this 2021 book Value(s): Building A Better World For All, Carney tried to persuade us to believe in the free market—not just its merits, but its capacity to self-regulate, to be persuaded to do the right thing, to adopt “enlightened values,” to develop a kinder and gentler capitalism to meet a brutal moment.
This is the same Carney who played a key role in bailing out Canada’s banks during the global financial crisis.
The move ushered in more than a decade of cheap money, which in turn helped fuel a long-term, record-setting growth in the wealth gap while giving rise to financial bubbles and dodgy investments, driving up household debt, and exacerbating the housing crisis.
The asset-management firm Carney chaired, Brookfield, is another clear example of the fundamental inconsistency in believing the free market—perhaps led by the gentlest of hands by the state—is the way forward on climate.
The firm is a dirty-energy behemoth, investing billions in fossil fuels.
It has “one of the biggest portfolios of dirty energy in the world,” says climate finance activist Jason Mogus, who worked with the Sunrise Project. “And they continue to expand it.”
Liberal by name and conservative by nature, or Conservative by name and rageful extremist by nature. Which will it be, Canada? What a political dilemma. If only there were some kind of third option.
Socially liberal and fiscally conservative. This is the definition of the Liberal Party, so it’s a good fit.
If you want socially liberal and fiscally liberal, then you want NDP.
i expect you mean singh, but really the bq has triple the projected seats. we’re a two party nation just like … well you know who
Yeah, the UK is pretty much in the same boat.
It will be the former this round. Then work to replace Singh with someone electable who presents not simply a credible but a desirable, left alternative. And try them in the federal election after. Join unions while that’s going on.
The NDP?