Transparency and Political Positioning
For the sake of transparency, I am not a Conservative supporter. I did not vote for Mark Carney or Pierre Poilievre in the last election. As you read this, understand that I am not biased toward either side. What follows is my analysis based on polling data, current political trends, and issues I have written about before, particularly Mark Carney’s elitist posture and his expensive, coercive Environmental, Social, and Governance (ESG) policies.
If you check all the polls, including those that skew left, things are closer than they should be based on all of these floor crossings and media coverage that makes Mark Carney appear to be the best thing since sliced bread. Sometimes you would even forget Mark Carney is the Prime Minister because the media keeps blaming Pierre Poilievre for everything.
Yet Poilievre is holding his ground, which is exactly what happened under Justin Trudeau. In fact, for some context, one must remember that Pierre lost because of Liberal, NDP, and Bloc consolidation. The Liberals in the last election even took Bloc seats.
However, Mark Carney has added someone hostile to supply management into his cabinet, a position not taken by the federal Conservatives. So as inflation continues to run rampant, Canadians who are single-issue voters will have to blame the person leading the brokered majority.
Justin Trudeau Versus Mark Carney
I could not stand Justin Trudeau as Prime Minister, but if you have followed this blog, you know I was always fair to him. Trudeau was many things: unqualified, short-sighted, entitled, and often tyrannical in temperament. However, greed is not a word I would associate with him.
Greed is precisely how Mark Carney comes across to me. In fact, his behavior raises questions about how wealthy he actually is.
Mark Carney’s net worth before becoming Prime Minister of Canada in early 2025 was widely estimated to be between C$7 and 9 million, approximately $5 million USD, primarily accumulated through senior roles in global finance and central banking.
In practical terms, a $5 million net worth places Mark Carney squarely in the category of a middle-class millionaire. By contrast, Justin Trudeau’s estimated net worth is closer to $90 million, largely tied to family wealth rooted in oil. Trudeau is a trust fund beneficiary, meaning there are limits on how much capital he can access directly.
The ESG Dependency Problem
The difference matters because Mark Carney’s financial future appears closely tied to the success of ESG initiatives, particularly the voluntary carbon market. That market currently appears to be heading toward collapse.
The voluntary carbon market cannot survive without ongoing corporate welfare funded by governments around the world. Third-world nations are pushing back against ESG frameworks. In the United States, forcing taxpayers to finance ESG programs is constitutionally questionable, and such policies face hostility from Republicans and quiet resistance from Democrats. Unlike Donald Trump, a Democratic administration may simply ignore ESG rather than openly confront it.
Because the United States operates under strong state rights, ESG as currently structured faces resistance across the political spectrum. No private entity wants to deal with the regulatory and financial burden ESG imposes.
Carney’s Economic Approach and Canada’s Debt Crisis
Mark Carney operates with a single-minded determination. That might be admirable if Canada were wealthy and stable. Instead, he is pressing forward while Canada is deeply in debt, inflation remains persistent, and Canadians are desperate for straightforward solutions.
Compounding the problem, Michael Ma, whom I view as aligned with Chinese Communist Party interests, crossed the floor in a move that undermines democratic trust. Media commentators claim this is normal and point to the Harper era. History shows that such maneuvering did not work out well for Stephen Harper.
When voters support a party only to have their vote effectively nullified through floor crossings, confidence in democracy erodes. Laughing off these actions only fuels public resentment.
Foreign Influence and Electoral Integrity
The Markham Unionville riding shows clear signs of Chinese Communist Party influence. While business engagement with China is inevitable, overt political entanglement should trigger accountability.
At a minimum, Mark Carney should call a by-election in that riding to address concerns of corruption and restore public trust. Pretending this is business as usual is irresponsible.
Polling Trends and Political Risk
Mark Carney has not been Prime Minister for a year, yet Pierre Poilievre has effectively dismantled the NDP as a competitive force. Polling suggests Poilievre is gaining support, meaning left wing media attacks may actually be helping him.
The NDP remains leaderless, and even with a new leader, it is unlikely they will siphon votes from Conservatives. If Mark Carney secures a majority under these conditions, he may quickly become the most disliked Prime Minister in Canadian history.
This mirrors the problem Trudeau faced after aligning with the NDP. Public resentment grew steadily. I would argue Trudeau was easier to tolerate than Carney.
Austerity, Inflation, and Structural Reality
Canada appears headed toward a debt crisis. Once a credit downgrade arrives, debt servicing costs will rise sharply as central bank interest rates increase. Government debt will become significantly more expensive.
Modern austerity is often misunderstood. Selling government assets is not Canada’s primary issue. The real problem lies in widespread price controls at the federal, provincial, and municipal levels.
Even if Canadians profit from asset sales, operational costs across the economy remain high. ESG does not exist without government subsidies. Increased spending will be consumed by debt servicing.
As inflation rises, unionized government workers have pay scales indexed to inflation. Public pensions, including CPP, are also indexed. These entitlement obligations may force mass layoffs, or inflation will remain elevated. Either path is painful.
The current Governor of the Bank of Canada, Tiff Macklem, appears to understand this math. If inflation accelerates as expected, interest rates will likely spike.
Final Thoughts
If this is Mark Carney’s plan for the Canadian economy, he is positioning himself to become the most unpopular Prime Minister in Canadian history.
Be careful what you tolerate and what you wish for. You may get it.
Consider making Jesus Christ your Lord and Savior today.