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Conrad Black: Canada's path back to prosperity
Mark Carney leaves room for hope but there is little sign that he is about to do what's necessary
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Last year, I supported the Conservatives in the federal election because the Liberal government of the previous 10 years had produced large net capital outflows, presided over Canada’s decline in the rankings of the most prosperous countries per capita, conducted a suicidal war on the petroleum industry, self-defamed the country for attempted genocide of First Nations, was a useless member of the western alliance and did not deserve a fourth consecutive term in office. I had seen Mark Carney as a central banker in Canada, where he was a scene-stealer when the prime minister, Stephen Harper, and the finance minister, Jim Flaherty, guided us through the 2008 financial crisis. I also saw him in the United Kingdom, where, as governor of the Bank of England, he had plunged the bank into absurd controversies about global warming and parroted the Cameron government’s nonsense about Europe. His successor has renounced his dire predictions of the consequences of Britain withdrawing from the European Union.
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He paid no attention whatsoever to British reservations about lack of democracy in the European Union, where the commissioners shower the entire population of the combined membership with authoritarian communiques and are not remotely answerable to the so-called European Parliament, much less the electorate. The British are right to be hesitant to subordinate the institutions that they have carefully built up over nearly 1,000 years to the well-intentioned but unfledged institutions of Brussels and Strasbourg. Carney ignored all........