this post was submitted on 07 Jul 2025
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So cuts to the public service and services to fund loans/giveaways to the private sector.
Anyone who has been through a round of layoffs recognizes this language. All it's missing is a need to find "efficiencies". Carney is looking less and less like the genius economy understander I was told he was and more and more like a bog standard orthodox Friedmanite.
That's what many of his left-leaning detractors have said. Unsurprisingly, the central banker is a dyed in the wool neoliberal who wants to trim government spending while shoveling money towards the private sector to grow the economy. Maybe wealth will finally trickle down this time. 😅
Narrator: It won't.
Narrator 3.5 years from now: It didn't.