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A Carney in charge of the circus
(noraloreto.substack.com)
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this post was submitted on 10 Mar 2025
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Carney has a reputation for being a Keynesian, as far as I know, which means we should hope to see a new wave of federal investment in infrastructure and a topping up of social programs. The wave of painting him as "every CEO's best buddy" seems really weird in that context, because the CEO's mantra since Regan has been "austerity and tax cuts".
Like, yes, he's not going to overthrow the system, but maybe Loretto should spend more time talking smack about the NDP's choices in the last eight years rather than complaining that the party of the system isn't radical enough to upend it.
I'm so tired of the leftist obsession with the Liberals, and how our constant attempts to be "right" do more to empower the far right at the expense of the centre than they do to bolster the left in any meaningful way.
It's like the whole movement is built on being a wet blanket.
My understanding is that Carney is a pragmatist, rather than a Keynesian per se, so he's not shied away from using Keynesian economics in times of crisis. I think he self-described himself like that in his first post-election speech. So, I would think that if the trade war with the US becomes a crisis, a Carney cabinet would not shy away from government stimulus. But that's not to say that in "regular times" he would do not operate as a run-of-the-mill neoliberal.