Policy Trend: PM Carney in a Changed World

In his 2021 Book, Mark Carney quotes favourably from the works of economist John Manyard Keynes. Keynes famously favoured updating one’s thinking when the facts change, even if doing so meant disagreeing with an earlier self. When someone suggested this might be inconsistent, Keynes replied: “When the facts change, I change my mind. What do you do sir?” Developments in military spending and global democracy indicate a changing world. Carney’s recent travels and speech in Davos suggest he is updating his view of Canada’s national interest.