Government didn’t build that

Mark Carney got elected because he promised to build the economy and even build houses.  So how is that working out?  Well, the economy is in tatters and Canadians have the highest debt in the G7.

Our debt-to-household disposable income has bumped up against nearly 200 per cent for years now, putting Canada in first place among G7 countries. Canada’s is 185 per cent; the average for all G7 countries is 125 per cent according to Statistics Canada. Canadian households collectively owe about $3-trillion, almost three-quarters of it is mortgage debt.

The outlook for housing is no better.  Housing starts are going down not up.

A research brief prepared for the advocacy group by Altus Group found that if housing starts remain low, they could bottom out at 4,000 new single-family homes per year and 10,000 new apartments.

I am sure the elbows up crowd will be quick to point out that Carney is not to blame.  There simply has not been time for his policies to take effect.  That would be a fair criticism now, but it won’t be next year and I can all but guarantee we will be in a worse place next year.

How do I know that you might ask?  I know this because I understand the natural laws of government.  Government does not build houses or economies.  Governments don’t build anything except bureaucracies which in turn prevent anything else from being built.

A new pipeline—especially one to the northern B.C. coast—is not merely unlikely. It is structurally unbuildable, not by law alone, but by the convergence of four overlapping vetoes: economic, legal, Indigenous, and provincial. Any one of these might be survivable. Together, they are fatal.

There are countries like Argentina where the economy shows robust Growth.

Argentina is projected to lead Latin American economic growth with a GDP expansion of 5.2% in 2025 and 4.3% in 2026, according to the latest OECD Economic Outlook. These figures position Argentina as the strongest performer among Latin American G20 countries and second globally, trailing only India.

But this growth is not due to government.  Argentina achieved this growth because Javier Milei dismantled large chunks of the Argentine government.

A very famous Kenyan once said “you didn’t build that”.  The insinuation was that government is responsible for the success that anyone has yet we see the opposite to be true.  Government destroys it does not build.  Workers, entrepreneurs, and businesses build.  Stop voting for politicians that promise to build.  Start voting for politicians who promise to get out of the way and let us build.