There are two very different economic strategies you should expect from Mark Carney and Pierre Poilievre.
With Carney, although he tries to make it seem like he’s not a global economic shill—laughing off conspiracy theories—the reality is that Carney and the World Economic Forum have a very similar vision for the future.
Own nothing and be happy is a globalist vision in which the financial elites, using an ESG or corporate welfare system, get to steer the economy in any direction they choose, while everyone else serves their ideology.
Globalists do not believe in free markets; they believe in controlled markets.
For Carney, like many other globalists, they see central banking, perpetual national debt, and printing money as normal, and something average people shouldn’t worry about.
Private Property Rights is Freedom of Speech
Carney, and many European think tanks, openly deny the right to private property ownership. They view private ownership as wasteful and see government-directed control of property as a more “efficient” way to redistribute resources.
They’re trying to create a world where every person only has just enough to survive. Carney, like many globalists, believes in regulating industry to force it in the direction he prefers.
What this means for Canada is that the domestic purchasing power of the loonie will be destroyed.
It’s never easy to predict what foreign exchange markets will do, because many countries employ even worse economic policies.
However, domestically, we can clearly see that housing in Canada is extremely expensive. Our regulatory environment is destroyed, and that’s why the domestic purchasing power for necessities like homes and rentals is so weak.
Canadians, for decades, have believed that heavy regulation on businesses and entrepreneurs was the best path forward—and now we are living with the consequences.
Printing Money to Build Things, While Simultaneously Making It More Difficult to Build = Inflation and a Stagnant Economy
Carney imagines that printing more money to build more homes will solve the housing affordability problem, without addressing the existing regulations that artificially restrict supply.
In practice, even if Carney builds more homes, the cost of labor will go up, which means the cost of everything else will rise.
Believing in ESG policies and climate change initiatives means that certain energy sources must be phased out, making energy more expensive—both for building homes and for maintaining them.
Since energy is a core component of the food supply chain, this is also inflationary.
Combine rising energy costs with Carney’s promises to increase spending, and you can see the economic disaster he would create.
Then there’s censorship, something Liberal politicians in Canada are notorious for attacking.
Censorship is also an economic attack, because people will self-censor to avoid problems with the regime in power.
Trump’s Tariffs Are Easy To defeat
In general, I don’t see any economic positives for Mark Carney as Prime Minister.
As for Donald Trump, tariffs are easy to defeat. Lower tariffs and Trump loses his leverage.
Even if Canada has no real intention of lowering tariffs, it could pretend to negotiate, because all Trump needs is a media victory.
Trump will only be in office for four years, which will fly by.
Now, on Pierre Poilievre: the major difference between Poilievre and Carney is regulation and government spending.
The carbon tax is a made-up tax that does nothing but make rich people richer.
It appeals to public sector workers, people on welfare, the economically illiterate, and elitists.
Don’t confuse the carbon tax and all these “price on pollution” schemes with true environmentalism.
The rich are using Environmental, social, and governance (ESG) and other initiatives to enrich themselves, because if you’re dumb enough to hand them trillions of dollars to “fix” a problem that doesn’t exist, why wouldn’t they take it?
Pierre Poilievre, although still sticking with the Paris Accord, is rejecting the carbon tax approach, which is essentially a redistribution scheme designed to funnel money from fossil fuels into the hands of those Mark Carney favors.
It’s a corrupt system, and Poilievre’s platform does not include it.
Ending the carbon tax stupidity would put more money back into Canadians’ pockets.
However, here’s the real problem with Poilievre’s platform:
Canada already has many existing price control mechanisms.
Meaning that true price deflation in key areas of the economy is unlikely, even under Poilievre.
He will face serious barriers to reducing costs across the board.
The best part about Poilievre is his commitment to freedom of speech.
If Canadians can regain their freedom of speech, we might be able to change the narrative over time.
By the way, if you’re a Christian in Canada, and Mark Carney—who behaves more like an atheist—becomes Prime Minister, be warned:
He will likely attack religious charities that don’t conform to his ideological beliefs.
Many of these smaller, lesser-known policies would have deflationary consequences on the economy as well.