Pass the sick bucket. ‘Bill and Tony’ our saviours! Yes, let’s have some more of that kind of thing only with even more green cr*p, hypocrisy, narcissism and Messiah complex. It’s just what the world needs for the Great Post Covid Reset. I can’t wait.’
Last edited 3 years ago by Alison Houston
GH
G Harris
3 years ago
When an ex-Goldman Sachs alumni, the central banker largely seen as responsible for creating Canada’s housing bubble, keen proponent of the very worst Project Fear predictions right off the bat in 2016 and fierce admirer of Bono, Greta Thunberg and Emanuel Macron no less speaks out I feel we should all sit up and listen.
Exactly. Anyone who takes Bono seriously should not be taken seriously.
WL
Walter Lantz
3 years ago
I tend to agree that it appears as if Carney is trying to keep his political options open.
The Trudeau Liberals are already pushing the Great Reset which is optimistic-sounding code for “we have to come up with a new economic plan because the old one is gone”.
In 2016 Trudeau dropped this nugget: “There is no core identity, no mainstream in Canada,” Trudeau said, concluding that he sees Canada as “the first post-national state.” so perhaps Carney’s nod to nationalism is meant to distance himself from that ideology. On the other hand, although Carney doesn’t mention Trudeau he does make mention of Bono and Thunberg which are two established heroes in Trudeau’s woke brigade. The traditional corporate power base behind the Liberal throne has always been in Quebec so if Carney is serious he’ll have to negotiate that roadblock.
Currently there are rumblings of the minority Liberals calling a snap election which may spell the end of Trudeau’s career so perhaps Carney is chumming the waters to see if he gets any nibbles.
I’ll agree with that although Singh and the NDP (akin to UK’s Labour for those that don’t follow Canadian politics) have been made almost irrelevant as the Liberals have pretty much eaten their Leftie lunch. The vaccines are finally being delivered and the printer is spitting out cash as fast as the Liberals can change the toner cartridge so many Canadians are fine with Trudeau. They don’t even really care about the long list of scandals. Trudeau is like the puppy that keeps peeing on the floor, people can’t stay mad at him ‘cuz he’s just so darned cute.
I would expect the Libs would like to get re-elected before they have to start a serious claw-back of the intergalactic amount of borrowed money they’ve spent.
.
PK
Prashant Kotak
3 years ago
Fine piece. It’s not a surprise that Carney, like Cameron no doubt, appears bored and is looking for, um, ‘meaning’. The sentence “… He sees patriotism as not just legitimate, but a way of actually helping countries work together on big problems…” hides the horns of the clash between ‘meaning’ and ‘values’ in the 21st century and all of humanitys’ past over the last half millennia or so. And one victim of that clash is of course the notion of the ‘nation state’.
The overt blurring of national demarcations at the top end is illustrated by the type of situation where someone like Mark Carney (whom I rate very highly), who as a hired gun can operate in the highest echelons of the governance of a nation, which de jure requires building advantage for that nation against competitor nations, before leaving to govern something in his (nominal) home nation, and potentially carry out actions designed to, de facto, undo precisely the work done in his previous gig – because his loyalties now lie elsewhere. So is a central bank like the BoE no different from a football team then? Come to that, would Osborne have as blithely hired someone else equally impressive from, say India? Or China or Russia? Or are there a bunch of ‘hidden variables’ which set the parameters of who can be hired?
It all begs the question: does the idea of nation states even have any meaning left at all, in the face of globalisation?
Last edited 3 years ago by Prashant Kotak
MM
Mike Moschos
3 years ago
I typically have a bit of a chuckle when I read a line like this: “the liberal centre, the tribe of just-do-what-works technocrats.” I’ve always wondered what the proportions are of people who actually believe that their enlightened rationalists seeking and employing, to the best of their ability at least, some ultimate truth vis a vis optimal policy choices, and what size share of them know that their simply pursuing the policy choices that stand to most benefit the large swath of the upper middle class that they happen to belong to.
On foreign policy, Clinton and his crowd began the process for gearing America up for the Iraq invasion and occupation –“CURVEBALL” appeared in 1999, the false link between Saddam and Al-Qaeda was being propagated by US foreign policy elites in the mid 90s, the Iraq Liberation Act of 1998, etc.– and pursued failed “nation building” projects in other places (such as Somalia) that, in most cases, seemed to just cause misery. He, along with the international community (mainly the IMF and multinationals), rapaciously for forced incredibly harsh austerity on Mexico (the Peso crisis bail out) that is probably the origin of most of their problems to this day and, effectively, did the same with Haiti (the semi-secret IMF contract Haiti had to sign as part of Operation Uphold Democracy) just not as bad.
The Clinton admin deregulation he did of finance was the primary cause of the 2008 crisis, the two main things they did here were the repeal of Glass–Steagall (which prevented commercial banks from acting as investment banks) and Andrew Cuomo’s, who was the head of the department of Housing and Urban Development (HUD) during Clintons last couple of years (HUD was the primary regulator of Franny May and Freddie Mac the USA’s gov. sponsored home mortgage companies), rules changes for Franny and Freddie which caused them to quickly go from having next to no actively in the subprime mortgage market to diving neck deep into them.
NAFTA, Permanent Normal Trade Relations for China, all the behind the scenes negotiations related to the WTO, all these things really just stood to benefit most of the rich and a very large segment of the upper middle class. Not to say that no benefits reached anyone else, but even if you think we’re better of with them than without them (which I don’t) they still could have been done very differently and have been much more worker friendly.
This is all because “the liberal centre, the tribe of just-do-what-works technocrats,” are really just a very large share of the upper middle class and the rich perusing their own narrow self interests and desires while dressing their policy choices as the most optimal policy course that can be determined through rational analysis. Its a heck of a trick that has served them well, and still does, partly because part of the trick is that a Neoliberal never has to admit their wrong.
FB
Fraser Bailey
3 years ago
There is nothing ‘in disguise’ about Carney.
CT
Clay Trowbridge
3 years ago
Did Mark Carney attain his position of influence while actually believing the expressed forces behind leadership, or was it his ability to convince the public that his fiction of the goodness of the rulers is reality? “People will respect a leader who has integrity and who is benevolent, but they won’t always follow them if they are not deemed to be competent.” Did he not know that ” Propaganda is the executive arm of the invisible government. ” as written by Edward Bernays? Or, Zbigniew Brzezinski,1972, “Shortly, the public will be unable to reason or think for themselves, they’ll only be able to parrot the information they’ve been given on the previous night’s news.” And Mika re President Trump, “He could have undermined the messaging so much that he can actually control exactly what people think, and that, that is our job.”
Marcus Aurelius and the obligation to “arise and do the work of mankind.”. Not Albert Camus and “The welfare of humanity is always the alibi of tyrants.” ?
I highly recommend the reading of chapter 9 of “Davos Aspen & Yale”
CT
Clay Trowbridge
3 years ago
“Davos Aspen & Yale” written by Theodore Roosevelt Malloch. He worked closely with Dr. Schwab and knew the half nutty brilliant professor, raised under Hitler’s rule well. Schwab is both a mechanical engineer and a professor of economics. IMO, he would rebuild most of humanity into motorized Tinker Toys while Davos attendees and friends would wine and dine better than Nero. Most people would own nothing and be happy. Lord Bertrand Russell, 1951, “Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”
power comes out of the barrel of a gun and whatever we have had to eat, drink, breathe, and injected into our bodies and minds.
AR
Andrew Roman
3 years ago
Mark Carney has become one of the chief advisers to Justin Trudeau on the Great Reset. All the power of a cabinet minister without the inconvenience of having to be elected.
Carney may run in the next election with a view to becoming Finance Minister.
C
Julian Pellatt
3 years ago
” … smoothly suave …” That says it all!
PL
peter lucey
3 years ago
I’m not sure if the book answers the question I’d most like to ask Mr Carney: “When would it be necessary to raise interest rates?”
His entire history is vague threats to raise IRs and never doing so. OK for the asset rich I suppose.
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Pass the sick bucket. ‘Bill and Tony’ our saviours! Yes, let’s have some more of that kind of thing only with even more green cr*p, hypocrisy, narcissism and Messiah complex. It’s just what the world needs for the Great Post Covid Reset. I can’t wait.’
When an ex-Goldman Sachs alumni, the central banker largely seen as responsible for creating Canada’s housing bubble, keen proponent of the very worst Project Fear predictions right off the bat in 2016 and fierce admirer of Bono, Greta Thunberg and Emanuel Macron no less speaks out I feel we should all sit up and listen.
Exactly. Anyone who takes Bono seriously should not be taken seriously.
I tend to agree that it appears as if Carney is trying to keep his political options open.
The Trudeau Liberals are already pushing the Great Reset which is optimistic-sounding code for “we have to come up with a new economic plan because the old one is gone”.
In 2016 Trudeau dropped this nugget: “There is no core identity, no mainstream in Canada,” Trudeau said, concluding that he sees Canada as “the first post-national state.” so perhaps Carney’s nod to nationalism is meant to distance himself from that ideology.
On the other hand, although Carney doesn’t mention Trudeau he does make mention of Bono and Thunberg which are two established heroes in Trudeau’s woke brigade.
The traditional corporate power base behind the Liberal throne has always been in Quebec so if Carney is serious he’ll have to negotiate that roadblock.
Currently there are rumblings of the minority Liberals calling a snap election which may spell the end of Trudeau’s career so perhaps Carney is chumming the waters to see if he gets any nibbles.
Insightful post. That said, I’m concerned that Trudeau, aided and abetted by the enabler in chief Singh will win another term.
I’ll agree with that although Singh and the NDP (akin to UK’s Labour for those that don’t follow Canadian politics) have been made almost irrelevant as the Liberals have pretty much eaten their Leftie lunch. The vaccines are finally being delivered and the printer is spitting out cash as fast as the Liberals can change the toner cartridge so many Canadians are fine with Trudeau. They don’t even really care about the long list of scandals. Trudeau is like the puppy that keeps peeing on the floor, people can’t stay mad at him ‘cuz he’s just so darned cute.
I would expect the Libs would like to get re-elected before they have to start a serious claw-back of the intergalactic amount of borrowed money they’ve spent.
.
Fine piece. It’s not a surprise that Carney, like Cameron no doubt, appears bored and is looking for, um, ‘meaning’. The sentence “… He sees patriotism as not just legitimate, but a way of actually helping countries work together on big problems…” hides the horns of the clash between ‘meaning’ and ‘values’ in the 21st century and all of humanitys’ past over the last half millennia or so. And one victim of that clash is of course the notion of the ‘nation state’.
The overt blurring of national demarcations at the top end is illustrated by the type of situation where someone like Mark Carney (whom I rate very highly), who as a hired gun can operate in the highest echelons of the governance of a nation, which de jure requires building advantage for that nation against competitor nations, before leaving to govern something in his (nominal) home nation, and potentially carry out actions designed to, de facto, undo precisely the work done in his previous gig – because his loyalties now lie elsewhere. So is a central bank like the BoE no different from a football team then? Come to that, would Osborne have as blithely hired someone else equally impressive from, say India? Or China or Russia? Or are there a bunch of ‘hidden variables’ which set the parameters of who can be hired?
It all begs the question: does the idea of nation states even have any meaning left at all, in the face of globalisation?
I typically have a bit of a chuckle when I read a line like this: “the liberal centre, the tribe of just-do-what-works technocrats.” I’ve always wondered what the proportions are of people who actually believe that their enlightened rationalists seeking and employing, to the best of their ability at least, some ultimate truth vis a vis optimal policy choices, and what size share of them know that their simply pursuing the policy choices that stand to most benefit the large swath of the upper middle class that they happen to belong to.
On foreign policy, Clinton and his crowd began the process for gearing America up for the Iraq invasion and occupation –“CURVEBALL” appeared in 1999, the false link between Saddam and Al-Qaeda was being propagated by US foreign policy elites in the mid 90s, the Iraq Liberation Act of 1998, etc.– and pursued failed “nation building” projects in other places (such as Somalia) that, in most cases, seemed to just cause misery. He, along with the international community (mainly the IMF and multinationals), rapaciously for forced incredibly harsh austerity on Mexico (the Peso crisis bail out) that is probably the origin of most of their problems to this day and, effectively, did the same with Haiti (the semi-secret IMF contract Haiti had to sign as part of Operation Uphold Democracy) just not as bad.
The Clinton admin deregulation he did of finance was the primary cause of the 2008 crisis, the two main things they did here were the repeal of Glass–Steagall (which prevented commercial banks from acting as investment banks) and Andrew Cuomo’s, who was the head of the department of Housing and Urban Development (HUD) during Clintons last couple of years (HUD was the primary regulator of Franny May and Freddie Mac the USA’s gov. sponsored home mortgage companies), rules changes for Franny and Freddie which caused them to quickly go from having next to no actively in the subprime mortgage market to diving neck deep into them.
NAFTA, Permanent Normal Trade Relations for China, all the behind the scenes negotiations related to the WTO, all these things really just stood to benefit most of the rich and a very large segment of the upper middle class. Not to say that no benefits reached anyone else, but even if you think we’re better of with them than without them (which I don’t) they still could have been done very differently and have been much more worker friendly.
This is all because “the liberal centre, the tribe of just-do-what-works technocrats,” are really just a very large share of the upper middle class and the rich perusing their own narrow self interests and desires while dressing their policy choices as the most optimal policy course that can be determined through rational analysis. Its a heck of a trick that has served them well, and still does, partly because part of the trick is that a Neoliberal never has to admit their wrong.
There is nothing ‘in disguise’ about Carney.
Did Mark Carney attain his position of influence while actually believing the expressed forces behind leadership, or was it his ability to convince the public that his fiction of the goodness of the rulers is reality? “People will respect a leader who has integrity and who is benevolent, but they won’t always follow them if they are not deemed to be competent.” Did he not know that ” Propaganda is the executive arm of the invisible government. ” as written by Edward Bernays? Or, Zbigniew Brzezinski,1972, “Shortly, the public will be unable to reason or think for themselves, they’ll only be able to parrot the information they’ve been given on the previous night’s news.” And Mika re President Trump, “He could have undermined the messaging so much that he can actually control exactly what people think, and that, that is our job.”
Marcus Aurelius and the obligation to “arise and do the work of mankind.”. Not Albert Camus and “The welfare of humanity is always the alibi of tyrants.” ?
I highly recommend the reading of chapter 9 of “Davos Aspen & Yale”
“Davos Aspen & Yale” written by Theodore Roosevelt Malloch. He worked closely with Dr. Schwab and knew the half nutty brilliant professor, raised under Hitler’s rule well. Schwab is both a mechanical engineer and a professor of economics. IMO, he would rebuild most of humanity into motorized Tinker Toys while Davos attendees and friends would wine and dine better than Nero. Most people would own nothing and be happy. Lord Bertrand Russell, 1951, “Diet, injections, and injunctions will combine, from a very early age, to produce the sort of character and the sort of beliefs that the authorities consider desirable, and any serious criticism of the powers that be will become psychologically impossible. Even if all are miserable, all will believe themselves happy, because the government will tell them that they are so.”
power comes out of the barrel of a gun and whatever we have had to eat, drink, breathe, and injected into our bodies and minds.
Mark Carney has become one of the chief advisers to Justin Trudeau on the Great Reset. All the power of a cabinet minister without the inconvenience of having to be elected.
Carney may run in the next election with a view to becoming Finance Minister.
” … smoothly suave …” That says it all!
I’m not sure if the book answers the question I’d most like to ask Mr Carney: “When would it be necessary to raise interest rates?”
His entire history is vague threats to raise IRs and never doing so. OK for the asset rich I suppose.