EZRA LEVANT: Carney's WEF-style socialism will fail

Ezra argues the WEF's "stakeholder capitalism" is socialism, citing ideological examples like ESG and DEI that undermine competence.

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Tonight on The Ezra Levant Show, Ezra asserts Mark Carney is implementing World Economic Forum-style socialism, which he fears is "far worse" than expected and will fail. 

Ezra argues the WEF's "stakeholder capitalism" is socialism, not true "shareholder capitalism," as it prioritizes outside interests ("anyone who wants to do anything with someone else's stuff"), citing ideological examples like ESG and DEI that undermine competence.

He notes the WEF is "imploding," citing accusations against Klaus Schwab and the abandonment of Mark Carney's climate finance project, GFANZ. Despite this, Carney has "burrowed his way into Canada" to "centrally plan our economy." 

Ezra contrasts the "spontaneous order" of the free market, referencing 19th-century economist Frédéric Bastiat, with the "organized chaos" and historical starvation caused by communist central planning under figures like Stalin and Mao.

Carney is criticized for acting as a "grand wizard" or "Dear Leader," arbitrarily approving or rejecting corporate projects without explanation, despite private funding being ready after long delays under Trudeau's bureaucracy.

Carney's "snobbery" is evident in his dismissal of oil pipelines, Canada's most valuable export, as "boring." The host suggests projects like the Keystone XL could generate $25 billion yearly in oil movement. This arbitrary, "managed economy" approach, the host concludes, will "scare away $1 trillion from Canada into Donald Trump's America."


GUEST: Rebel's Drea Humphrey on Frances Widdowson's visit to Thompson Rivers University.

COMMENTS

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  • Bernhard Jatzeck
    commented 2025-11-15 12:56:26 -0500
    Mr. Salotti: Yes, Canadians are clueless. I saw news reports in which Liberal supporters disparaged Poilievre because “he never had a real job in his life” (time spent in Parliament and the political system counts as legitimate employment only for Liberals and Dippers), plus Carney had “international experience” (such as wrecking the Bank of England).

    The people who voted for Carney are much like the Dippers in my riding (both federally and provincially). They voted for him purely for the party he represented. If the Liberals had, instead, run a department store mannequin, they would have elected it by a landslide.
  • Jane Vandervliet
    commented 2025-11-15 09:35:25 -0500
    Everyone can read the testimonies of people who were students at Kamloops Indian Residential School in this book: Behind Closed Doors
    Stories From the Kamloops Indian Residential School. While they nearly all report poor conditions and abuse no one even inferred that any child was murdered and buried in the apple orchard.
  • Anthony Salotti
    commented 2025-11-15 07:57:49 -0500
    I still can’t believe Carney got elected . Canadian voters are totally clueless .
  • Bernhard Jatzeck
    commented 2025-11-14 22:49:30 -0500
    Victor Davis Hanson recently recorded a YouTube video in which he said much the same thing, giving well-known examples from history where socialism/communism failed miserably.
  • Paul Scofield
    commented 2025-11-14 21:29:01 -0500
    Copy that Matt and Don. Friggin’ Gates. What an embarrassment.
  • Don Armitage
    commented 2025-11-14 21:23:10 -0500
    I agree with Dallas Brodie. A University like Thompson Rivers, that is doing as bad a job at educating it’s students as this, doesn’t deserve any funding from the taxpayers. Also seems that their parents didn’t teach them any manners.
  • Bruce Atchison
    commented 2025-11-14 21:01:19 -0500
    I’ve heard that Mao wanted to beat the Soviet Union’s steel production. It shows that top-down managers are utterly clueless when it comes to the common people. Marx Carnage has lived large for so long that he’s forgotten what it’s like to be normal.
  • Don Hrehirchek
    commented 2025-11-14 20:57:55 -0500
    Agree Bruce A. and Matt I agree have him show us peons the way. LOL
  • Bruce Atchison
    commented 2025-11-14 20:55:56 -0500
    That student with the purple hair is proof of the university brainwashing the attendees. She just couldn’t answer the questions Drea put to her. Her brain shorted out and her feelings took over. Adults think but childish people feel. Furthermore, feelings aren’t facts. Adults feel AFTER learning all the facts. Childish ones don’t.
  • Matt Abrahams
    commented 2025-11-14 20:53:43 -0500
    Bill Gates thinks we need to reduce world population by twenty per cent? Okay Bill, you first!
  • Steve Michenko
    commented 2025-11-14 20:35:11 -0500
    Drea has exceptional people skills.