May 3rd, 2025 | Devon Kash

Mark Carney's Long Con

Are we going to fall for it?
Mark Carney clawed his way to a strong minority government, dragging the battered Liberal Party across the finish line with 169 seats in the House of Commons—a result that would have seemed laughable mere months ago. But with the help of elite media backing and a manufactured air of fiscal competence, the former central banker—a technocrat with deep ties to global financial institutions—has now seized the reins of Canadian politics. His rise signals not renewal, but a calculated realignment: a Trojan horse strategy to infiltrate the political centre with just enough right-leaning window dressing to seduce disillusioned Conservative voters. The early gestures—tax relief here, a softened climate policy there—are not signs of moderation, but bait. Beneath the surface lies a far more dangerous ambition: to gut the Conservative base, consolidate Liberal power, and prepare the ground for a sweeping agenda of progressive overreach that Carney has never had to answer for at the ballot box.
Mark Carney's long con is underway.

Beating Down Conservatives

One of Carney's first actions as Prime Minister was the elimination of the consumer portion of Canada's carbon pricing policy. Implemented in 2019, the consumer carbon tax had become increasingly unpopular among Canadians. Carney justified its removal by stating that the policy had become too divisive and that a new approach was needed to unite Canadians in the fight against climate change. He proposed replacing the tax with incentives to encourage greener choices, such as purchasing energy-efficient appliances or electric vehicles.
This move was seen by many as an attempt to court Conservative voters who had long opposed the carbon tax. By removing a policy that had been a point of contention, Carney positioned himself as a leader willing to listen to public concerns and adapt accordingly.
In addition to environmental policy, Carney signalled a shift in economic strategy. He pledged to cancel the planned increase in the capital gains tax, a move that was welcomed by investors and business leaders. Carney argued that this decision would promote sustainable growth and investment in the Canadian economy.
Furthermore, Carney promised to cut the marginal tax rate on the lowest income bracket, aiming to provide relief to middle-class families. This tax cut was projected to save dual-income families approximately $825 per year.
Carney's policy decisions appear to be part of a broader strategy to build a temporary coalition that extends beyond traditional Liberal supporters. By adopting policies typically associated with the Conservative platform, he aims to attract voters who may have previously felt alienated by the Liberal Party's direction. This approach could potentially weaken the Conservative base and consolidate support for the Liberals in future elections.
At the same time, Carney has not abandoned progressive goals. His government plans to invest significantly in infrastructure, dedicating $5 billion to the Trade Diversification Corridors Fund to construct critical infrastructure like ports, railroads, and terminals. Additionally, Carney has committed to doubling the pace of new housing construction in Canada, aiming for 500,000 new builds per year by the end of the decade.
In terms of defence, Carney has pledged to increase military spending, with $18 billion allocated over the next four years. This includes plans to strengthen Arctic security, raise military salaries, and construct new base housing. Carney aims to meet the NATO target of spending 2% of GDP on defence by 2030.

Lies

Despite the removal of the consumer carbon tax, Carney remains committed to environmental sustainability. He has proposed the introduction of a "carbon border-adjustment" to penalize high-polluting foreign imports, aiming to protect Canadian industries and promote cleaner practices globally.
Carney also plans to implement the Made-in-Canada Sustainable Investment Guidelines, known as the transition taxonomy, to mobilize capital for transition investments. This initiative is intended to provide clear, science-based criteria to identify economic activities that are in transition towards sustainability.
These environmental initiatives will have adverse effects on the Canadian economy, particularly in the energy sector. Concerns have been raised about potential conflicts of interest, given Carney's past affiliations with organizations like the Glasgow Financial Alliance for Net Zero.
One of the most glaring features of Mark Carney’s 2025 campaign was its enthusiastic embrace of promises that flatly contradict the worldview he laid out in his public lectures and published works over the last decade. Chief among these reversals is his sudden aversion to capital gains tax reform. Just a few years ago, Carney had been a vocal advocate for rebalancing tax policy to address wealth inequality, explicitly warning that Canada’s tax structure disproportionately favoured capital over labour. Yet in this campaign, Carney abruptly reversed course, pledging to scrap a planned capital gains hike that would have affected only the wealthiest investors.
Similarly, while Carney has repeatedly championed “inclusive capitalism” and the moral necessity of a robust welfare state, his platform offered only tepid commitments to expanding social programs—carefully omitting any serious investment in pharmacare, elder care, or a universal basic income. Even his housing platform—promising to double the pace of construction to 500,000 units per year—clashes with past remarks in which he emphasized the dangers of overreliance on housing as an economic growth engine, and the need to shift investment toward productivity-enhancing sectors.
Carney’s ascent to the PMO leaves a wide chasm between his carefully staged nationalistic rhetoric and his decades-long entrenchment in the very globalist elite institutions that Canadian voters have grown increasingly wary of. As former Governor of both the Bank of Canada and the Bank of England, and later as UN Special Envoy on Climate Action and Finance, Carney was not just adjacent to the world’s financial elite—he was a trusted architect of their agenda. He has long aligned himself with transnational frameworks that prioritize financial deregulation masked as climate policy, including the Glasgow Financial Alliance for Net Zero (GFANZ), where he lobbied for private-sector climate financing mechanisms that conveniently enrich multinational banks while bypassing democratic oversight.
Now, as Prime Minister, Carney is trying to drape himself in the flag, offering hollow reassurances about defending “Canadian interests” and “domestic industry,” while parroting the same ESG-aligned investment jargon he used to pitch global capital to reshape sovereign economies. The man who once lauded open borders, free trade absolutism, and the inevitability of financial integration now claims to care about manufacturing jobs in Ontario and food affordability in Alberta. It’s a sleight of hand only possible because the media elite that enabled his rise won’t call out the hypocrisy. Carney’s pivot isn’t about conviction—it’s a rebranding effort designed to smuggle technocratic globalism past a fatigued electorate, under the banner of national renewal.

A Calculated Political Strategy

What Mark Carney is executing isn’t governance—it’s a trap. His sudden embrace of right-leaning policies is not a shift in ideology, but a surgical political strategy to seduce disillusioned Conservative voters, fracture the party’s base, and dismantle any remaining opposition to Liberal dominance. By mimicking fiscal restraint and echoing selective populist talking points, Carney is buying time and trust—just enough to wedge himself into the center-right vacuum. But don't be fooled, this is a temporary mask.
The real goal is clear—secure a majority government, consolidate power, and then unmask the true agenda.
With political cover and the media in his pocket, Carney would have the freedom to unleash sweeping progressive overhauls: binding climate mandates, corporate ESG regulations, and UN-aligned financial controls that would gut Canada’s energy sector, stifle private enterprise, and handcuff provincial sovereignty. Conservatives lulled into complacency by tax breaks and trimmed rhetoric may soon wake up to find they’ve walked willingly into the cage.
This strategy carries risks. Balancing the interests of a diverse coalition requires careful navigation, and any perceived betrayal of promises could lead to political fallout. Furthermore, the economic implications of environmental policies must be managed to avoid negative impacts on key sectors of the Canadian economy.
Mark Carney's early tenure as Prime Minister reflects a strategic pivot aimed at reshaping the Canadian political landscape. By adopting policies that appeal to a broader range of voters, he seeks to build a more inclusive coalition and position the Liberal Party for long-term success. However, this approach requires careful balancing of competing interests and a clear vision for Canada's future. As Carney navigates the complexities of governance, his ability to deliver on promises and manage the economic implications of his policies will be critical to his success and the country's prosperity.
Mark Carney’s political ideology, as laid out in his 2021 book Values: Building a Better World for All, offers a blueprint for how he intends to reshape Canada’s economy—not as a technocrat, but as a market reformer with a moral compass. At its core, Carney’s thesis is that modern capitalism has become dangerously detached from the public interest because it prioritizes market value over societal values. He argues that rebalancing this equation is essential to addressing the great crises of our age—climate change, inequality, and declining trust in institutions.
Under Carney’s model, companies will no longer exist to serve shareholders or innovate—they will exist to fulfill social objectives defined by bureaucrats and international institutions. Through his so-called “transition taxonomy” and carbon border adjustments, Carney is erecting a quiet economic regime: one where investment is steered not by risk and reward, but by compliance with ideological orthodoxy. ESG scores become the new gatekeepers of capital; profit is subordinated to political narrative.
What Carney is constructing is not policy—it’s infrastructure for control. This isn’t about saving the environment or fixing markets. It’s about embedding Liberal values so deeply into Canada’s financial system that future governments can’t untangle them, no matter who wins the next election. The long con isn’t just electoral—it’s systemic. Carney’s true legacy won’t be a few green energy subsidies or recycled campaign slogans; it will be the slow, deliberate transformation of Canadian capitalism into a managed economy that permanently tilts the scales in favour of Liberal rule.
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