this post was submitted on 21 Feb 2025
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6
Mark Carney says he’s a pragmatic outsider—but he’s a banker selling yesterday’s failed ideas ⋆ The Breach (breachmedia.ca)
submitted 1 day ago by NightOwl@lemmy.ca to c/canada@lemmy.ca
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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."

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[–] RaskolnikovsAxe@lemmy.ca 1 points 21 minutes ago

A key problem humanity seems to have, which is exploited by politicians everywhere, is the affinity for black and white thinking.

Capitalism and even neoliberalism are not necessarily categorically terrible. Unregulated versions of these certainly are terrible and unsustainable. And some versions and implementations of ideologies or frameworks are net worse than others.

Absolute austerity, unregulated neoliberalism, unregulated capitalism, unopposed communism, etc, are all terrible, damaging and unsustainable. Unfortunately finding sustainable solutions is difficult and requires thought, time and dedication. And it requires vision and unifying leadership to sell it to the people.

[–] Grandwolf319@sh.itjust.works 24 points 23 hours ago

Yes but yesterday’s neoliberal ideas are better than tomorrow’s fascist ideas.

He is Canadian Biden

[–] JoeDyrt@lemmy.ca 10 points 23 hours ago* (last edited 23 hours ago)

None of these facts are wrong. Carney is a top-tier capitalist, no question. The thing is, what are the choices? Three of the Liberal candidates are women. Not gonna win nationally. The other two are unknown MPs. Polievre has no vision, just a strategy of division and dog whistles, á la Prez Chump. It’s getting old fast. The NDP is still a fringe party with “visible minority” leader. Not gonna win nationally. There’s a lot to dislike, and if the Liberals select him, they won’t get my vote. But I think he will be the next PM, and might even win the next election. Unfortunately, I think that will depend significantly on what Chump and the Villionaires do in the next six months. And that is ~~volitile~~ ~~capricious~~ ~~unstable~~ unpredictable!

[–] kbal@fedia.io 5 points 21 hours ago (3 children)

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.

[–] avidamoeba@lemmy.ca 3 points 18 hours ago* (last edited 18 hours ago)

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.

[–] snarky_carpenter@lemm.ee 5 points 21 hours ago (1 children)

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

[–] kbal@fedia.io 2 points 21 hours ago

well you know who

Yeah, the UK is pretty much in the same boat.

[–] cyborganism@lemmy.ca 2 points 19 hours ago

The NDP?

[–] veeesix@lemmy.ca 6 points 23 hours ago

So when Poilievre says don’t listen to Carney because these are actually his own policies, is this not also an anti-Conservative piece?

[–] sunzu2@thebrainbin.org 3 points 21 hours ago (1 children)

Neo lib regime whores never change...

Don't give it any chances

[–] snarky_carpenter@lemm.ee 11 points 21 hours ago

id rather go with the devil i know than pp. just recently that fella advocated for guard towers on the border, except i've drive along it for a long ways across mb, sk and ab. much of the time the border is 'the field on that side of the street', or 'just past those trees'.

[–] Grant_M@lemmy.ca -2 points 1 day ago (2 children)

The Breach participating in voter suppression activities for the CPC, I see.

[–] ValueSubtracted@startrek.website 8 points 23 hours ago

I don't know if I agree with that assessment, but they do seem to have one writer who does nothing but write about how bad Carney is, and another who does nothing but write about how bad Freeland is.