Thanks for getting into the weeds of green economics with Carney. As a fellow Edmontonian who also left to explore the big world, including politics, I've been watching Carney with great interest for decades.
Happily, he seems rather eager to take on Poilievre's "unserious" slogans and lack of understanding of basic economics (80s austerity 🙄)
I desperately want the Libs to focus their climate and industrial policy and comms on the opportunities for competitive advantage in the energing new energy system.
The risks of CBAMs and trade consequences are indeed coming, and Canada can choose to adapt and invest in the future economy, or get left behind.
Poilievre has hypnotized Canadians with sugar-high slogans with no substance.
Carney could be the grown-up leader Canada needs to navigate us through the looming turbulent seas. Big changes are around the corner.
It's heartbreaking to watch Poilievre et al so badly miss the mark.
That's not good enough these days. Give the people some credit. The problem is that if you put the super boring technical stuff into plain language, everyone will realize that you're just talking about creating green Yelp for international asset managers. Is that really supposed to move the needle on climate change? Or is this just another useless feel-good initiative where nobody has to actually change anything they're doing?
"Gap between market values and Canadian values"
This is a weird concept of The Market over here, and Society over there, and society must not be meddlesome with the market. No, markets are created by government. Governments set the rules, and people will invest if there's money to be made. If market values are "burn baby burn", then change the rules. Make it logical and profitable for people to decarbonize. This idea that we need to plead with international finance to please not roast the planet is ridiculous.
Look at what the US is doing with the Inflation Reduction Act; they just chucked an infinite amount of tax credits at thousands of green energy, green manufacturing, and green tech projects. They're getting built now, creating prosperity and profits largely with private investment. Or look at China simply telling their banks where to make loans.
Canada didn't build the railways or the pipelines or the seaway or the electric grid by inventing new squishy metrics by which to measure investment decisions by private financiers. Canada chucked a bunch of money and guarantees at the projects and got them done. That's strong democratic government wielding its power to build the future. Not weak government outsourcing its power and responsibilities to private asset managers. Mackenzie King said it well:
“The Liberal Party believes that credit is a public matter, not of interest to bankers only, but of direct concern to every citizen... The flow of money must be in relation with the domestic, social, and industrial needs of the Canadian people.”
Anyone who would even consider voting for someone who is only interested in acquiring financial gain and would certainly continue to increase taxation on the population to finance WOKE liberal thinking is definitely a loser.
Unfortunate behavior observed in this conversation where the host consistently spoke over the guest, potentially diminishing the guest's insights. It appeared that the host aimed to steer the discussion towards his own perspectives.
You seem to have this annoying habit of interrupting guests when they are answering questions. You did that with the PM too. I am not sure if you feel the need to butt in because you fell inferior or what.
Whatever the reason, it only make you look like a fool. Cut that out! I tune in to watch/hear the guests - not you. Remember continue this crap and soon you = a nobody can be replaced by AI or even a monkey from the zoo.
Thanks for getting into the weeds of green economics with Carney. As a fellow Edmontonian who also left to explore the big world, including politics, I've been watching Carney with great interest for decades.
Happily, he seems rather eager to take on Poilievre's "unserious" slogans and lack of understanding of basic economics (80s austerity 🙄)
I desperately want the Libs to focus their climate and industrial policy and comms on the opportunities for competitive advantage in the energing new energy system.
The risks of CBAMs and trade consequences are indeed coming, and Canada can choose to adapt and invest in the future economy, or get left behind.
Poilievre has hypnotized Canadians with sugar-high slogans with no substance.
Carney could be the grown-up leader Canada needs to navigate us through the looming turbulent seas. Big changes are around the corner.
It's heartbreaking to watch Poilievre et al so badly miss the mark.
Couple of thoughts:
"It's super boring and technical, trust me."
That's not good enough these days. Give the people some credit. The problem is that if you put the super boring technical stuff into plain language, everyone will realize that you're just talking about creating green Yelp for international asset managers. Is that really supposed to move the needle on climate change? Or is this just another useless feel-good initiative where nobody has to actually change anything they're doing?
"Gap between market values and Canadian values"
This is a weird concept of The Market over here, and Society over there, and society must not be meddlesome with the market. No, markets are created by government. Governments set the rules, and people will invest if there's money to be made. If market values are "burn baby burn", then change the rules. Make it logical and profitable for people to decarbonize. This idea that we need to plead with international finance to please not roast the planet is ridiculous.
Look at what the US is doing with the Inflation Reduction Act; they just chucked an infinite amount of tax credits at thousands of green energy, green manufacturing, and green tech projects. They're getting built now, creating prosperity and profits largely with private investment. Or look at China simply telling their banks where to make loans.
Canada didn't build the railways or the pipelines or the seaway or the electric grid by inventing new squishy metrics by which to measure investment decisions by private financiers. Canada chucked a bunch of money and guarantees at the projects and got them done. That's strong democratic government wielding its power to build the future. Not weak government outsourcing its power and responsibilities to private asset managers. Mackenzie King said it well:
“The Liberal Party believes that credit is a public matter, not of interest to bankers only, but of direct concern to every citizen... The flow of money must be in relation with the domestic, social, and industrial needs of the Canadian people.”
Anyone who would even consider voting for someone who is only interested in acquiring financial gain and would certainly continue to increase taxation on the population to finance WOKE liberal thinking is definitely a loser.
EXCELLENT and super timely!!
Unfortunate behavior observed in this conversation where the host consistently spoke over the guest, potentially diminishing the guest's insights. It appeared that the host aimed to steer the discussion towards his own perspectives.
The man has answers. I like it.
Nate:
You seem to have this annoying habit of interrupting guests when they are answering questions. You did that with the PM too. I am not sure if you feel the need to butt in because you fell inferior or what.
Whatever the reason, it only make you look like a fool. Cut that out! I tune in to watch/hear the guests - not you. Remember continue this crap and soon you = a nobody can be replaced by AI or even a monkey from the zoo.
Cheers!