Sterling Witt

🚨 Mark Carney in His Own Words: Why His Rise Is a Risk to Canada 📗 In his book Value(s): Building a Better World for All, Carney lays out a whole new vision for capitalism, central banking, and climate policy—one that raises serious concerns about our economy, our sovereignty, and his private interests. ⚠️Here’s what he says—and why it matters. 📉1. Markets Are Morally Inadequate “During the Covid crisis… few recalled the arguments made by economists that the wages of these workers… reflected their marginal contribution to society. Instead… recognition that some values cannot be priced.” Carney believes market prices fail to reflect real worth—especially moral or environmental value. This underpins his philosophy: corporate and financial systems must be re-engineered to reflect “values,” not just value. But who decides? In Carney’s model, it’s implicitly central banks, regulators, and global institutions—not Canadian voters or entrepreneurs. 💰 2. Central Banks Must Lead Society “Let’s begin with how central bankers view the risks of climate change before building to broader measures of the value that is at risk.” This isn’t just about interest rates anymore. Carney sees central banks as climate enforcers—measuring existential threats, assessing carbon-adjusted risk, and steering markets toward his preferred outcomes. That’s a dangerous politicization of our financial institutions. 😇3. A Moral Crusade to Reengineer Finance “A new, sustainable financial system is being built… But the task is large, the window of opportunity is short, and the risks are existential.” “We must act at a warlike pace… to fight what John Kerry has termed World War Zero.” Carney calls for an unprecedented redirection of capital, likening climate finance to a global war effort. This sets the stage for regulatory crackdowns, sudden policy shifts, and the erosion of market signals—all to serve a top-down moral mission. 🛢️♻️4. But His Own Company Defies His Rhetoric Carney was Vice Chair at Brookfield Asset Management—one of the world’s largest alternative asset managers. While he speaks of and writes of stranded assets and transition finance, Brookfield invests in: • Oil & gas pipelines • Fossil fuel-dependent infrastructure • Brazilian farmland linked to deforestation and displacement This is the contradiction at Carney’s core: he preaches a sustainable future while profiting from the unsustainable present. 🇨🇦🏭 5. A Vision That Undermines Canada’s Core Economy Carney’s book admires long-term economic planning, critiquing the “short-termism” of Western democracies and calling for tighter coordination between finance, policy, and purpose. It echoes state-directed models—less capitalism, more control. Nowhere is this riskier than in energy. Carney’s climate policies would require over 80% of fossil fuel reserves to stay in the ground—a direct hit to Alberta’s oil sands and Canada’s resource economy. He calls this “stranding assets,” but here, it means stranding communities, workers, and billions in GDP. Canada’s oil and gas sector drives nearly 10% of our GDP and over $15 billion annually in federal revenue. These aren’t “brown assets”—they fund hospitals, schools, and infrastructure. Yet, while Carney urges divestment at home, his firm invests in these sectors globally. That’s not leadership—it’s opportunism. ⚠️🚨 Conclusion: The wrong man at the worst time Mark Carney’s ideas may sound noble, but they carry real costs. He wants to transform central banks into climate regulators. He backs global governance that dilutes Canadian sovereignty. He would dismantle the resource sector that underpins our economy. And he’s personally profited from the systems he claims to oppose. Carney is a man of two faces: one moralizing in public, the other monetizing in private. If he becomes Prime Minister, Canadians should brace for a weaker, poorer Canada—run by value(s) only he believes in.