Scott Bessent says Carney has to stop virtue signalling.
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Scott Bessent says Carney has to stop virtue signalling. I don't think he knows what that phrase means.
The Government of Canada has, by all accounts, been assuming that CUSMA negotiations will be another opportunity for the Trump regime to exercise leverage to extract unreasonable concessions. That "integration that becomes the source of your subordination", as was said in Davos.
They've been pursuing trade deals in every direction to diversify our trade and have been showing some great success in doing so.
In short, as much as I have misgivings about the guy, Carney does seem to be walking the walk overall.
Virtue signaling is when you pay lip service. When you don't follow though. When you want to be seen as aligned with something but are unwilling to put your neck out for it.
Taco, in other words.
https://www.cbc.ca/news/politics/us-treasury-secretary-scott-bessent-mark-carney-9.7064976
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Scott Bessent says Carney has to stop virtue signalling. I don't think he knows what that phrase means.
The Government of Canada has, by all accounts, been assuming that CUSMA negotiations will be another opportunity for the Trump regime to exercise leverage to extract unreasonable concessions. That "integration that becomes the source of your subordination", as was said in Davos.
They've been pursuing trade deals in every direction to diversify our trade and have been showing some great success in doing so.
In short, as much as I have misgivings about the guy, Carney does seem to be walking the walk overall.
Virtue signaling is when you pay lip service. When you don't follow though. When you want to be seen as aligned with something but are unwilling to put your neck out for it.
Taco, in other words.
https://www.cbc.ca/news/politics/us-treasury-secretary-scott-bessent-mark-carney-9.7064976
It's more neg. rhetoric from S.B. & the south, which means PM Carney is taking some steps away from stated "hegemony" (though there's still significant positive $$$$ returns to southern energy businesses).
"the promise to align trade with democratic values—has been effectively dismantled"
What's potentially replacing it is pragmatic, although it leaves our domestic policy/policies something to be desired. The 'Care Economy' contributes more to
GDP. A "green Industrial Policy... could secure a new sovereign economic pillar".Plus there's human rights and other issues...
Complicated. Sort of a like untangling from bad legacy systems
...Worth reading:
https://www.policyalternatives.ca/news-research/canadas-new-uae-trade-and-investment-deal-is-bad-news/ -
It's more neg. rhetoric from S.B. & the south, which means PM Carney is taking some steps away from stated "hegemony" (though there's still significant positive $$$$ returns to southern energy businesses).
"the promise to align trade with democratic values—has been effectively dismantled"
What's potentially replacing it is pragmatic, although it leaves our domestic policy/policies something to be desired. The 'Care Economy' contributes more to
GDP. A "green Industrial Policy... could secure a new sovereign economic pillar".Plus there's human rights and other issues...
Complicated. Sort of a like untangling from bad legacy systems
...Worth reading:
https://www.policyalternatives.ca/news-research/canadas-new-uae-trade-and-investment-deal-is-bad-news/@thegreenpagesBC A worthwhile read for sure, thanks for sharing.
And consistent with his Davos speech. You could spend a year unraveling that. While most people focused on its importance in terms of what it had to say about hegemonic powers, it was also an important speech for us at home trying to decipher what's going on in Carney's head. It gave us some tools we can use to lend some predictability to this whole mess.
For example, he described what I would describe as project-focused alliances, wherein as long as the partner held to common ideals within the bounds of a particular project, they were good to go. So you'd have an energy trading alliance and potentially a human rights alliance which could be at odds with one another.
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@thegreenpagesBC A worthwhile read for sure, thanks for sharing.
And consistent with his Davos speech. You could spend a year unraveling that. While most people focused on its importance in terms of what it had to say about hegemonic powers, it was also an important speech for us at home trying to decipher what's going on in Carney's head. It gave us some tools we can use to lend some predictability to this whole mess.
For example, he described what I would describe as project-focused alliances, wherein as long as the partner held to common ideals within the bounds of a particular project, they were good to go. So you'd have an energy trading alliance and potentially a human rights alliance which could be at odds with one another.
Pragmatic given the circumstances. Difficult balancing act. Some pain, to say the least, for Canadians.
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