R.I.P to the great Charlie Kirk!
QuoteCanada entered the 2020s with an energy strategy grounded not in engineering or economics but in climate narratives and regulatory zeal. Carbon taxes and pipeline constraints raised the cost of fuel not through scarcity but through deliberate policy choices. A modern economy cannot escape the mathematics of input costs. When energy policy forces fuel prices upward, every other price follows. Inflation rose even before global shocks arrived. Deficit spending surged during the pandemic. The Bank of Canada resumed large-scale purchases of government bonds but not as part of a national development strategy. Instead, it was a crisis reflex that underwrote consumption rather than investment. When inflation accelerated, the Bank again raised interest rates, repeating the dynamic of the early 1980s but without the industrial strength Canada once possessed.
Investors responded rationally. Capital left for jurisdictions with stable regulatory frameworks and predictable policy paths. Domestic firms hesitated to expand. Foreign companies scaled back operations or withdrew entirely. Productivity declined because investment collapsed. Meanwhile, the welfare state grew costlier because demographic pressures mounted while the tax base stagnated. The consequence was not ideological. It was arithmetic. A country that undermines its productive sectors while expanding its dependent sectors will run deficits, accumulate debt, and lose competitiveness.
This brings us back to the question that opened this essay. Canada's economic deterioration was not mysterious. It was the long-term consequence of abandoning sovereign credit, embracing a regulatory culture that treated markets as subordinate to ideology, and filling the machinery of government with people who lacked the knowledge and humility required to manage complex systems. When merit declines, confidence often rises. This is the Dunning–Kruger effect in national form. Leaders who know least believe they know most. Leaders who know most understand the limits of their knowledge and tread carefully.
Canada once understood those limits. It built railways and ports when private capital could not. It used the Bank of Canada to finance growth efficiently. It kept regulation within the bounds of practicality. It relied on people with real experience to run portfolios that required expertise. In later decades, it did the opposite. It regulated at every turn, spent without discipline, taxed energy out of ideological conviction, and placed heavy responsibilities in the hands of those who did not understand their own tools.
The outcome is the economy Canadians now face. Investment has fled. Productivity has fallen. The cost of living is rising. Debt is growing. The welfare state has expanded faster than national income. None of this was inevitable. It is the product of choices, institutions, and leaders. Canada can recover what it lost, but not until it recovers the one thing that sustained its greatest successes: a governing class chosen for competence rather than conformity.





Quote from: Herman on October 04, 2025, 08:48:05 PMThe Liberals and NDP work for the UN and Davos not working Canadians.
Quote from: Herman on October 04, 2025, 08:38:21 PMGood job Liberals. We were getting tired of freedom democracy and the good life anyway.I have never met anybody who honestly believes they are freer richer and safer in 2025 than they were in 2014.

Quote from: Brent on October 04, 2025, 11:46:59 AMGo back to your American investments in New York.He will as soon as he loses the next election.
Quote from: Mark Carney on October 04, 2025, 11:02:55 AMI did this.Go back to your American investments in New York.![]()
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