This post is a response to a question posed in its complete format: “Has the Canadian Prime Minister Mark Carney presented a plan to bring down the massive debt?”
One of the harshest lessons I’ve had to learn when entering the professional world to hawk my services was understanding the difference between a cost-based mindset and a value-based mindset. I learned to despise the former and value the latter, most notably because it was far more rare an encounter. I learned to dislike the cost-based mindset because I found it generally characterized by a cynically misanthropic attitude that regarded intangible benefits as a scam rather than as a means of adding value.
This mindset can perform basic arithmetic but fractures into a mess of cynically driven frustration when performing simple algebraic functions.
“What do you mean by greater product knowledge leading to increased confidence translates into increased sales? That’s just bogus. People want high quality for cheap. Don’t make things so complicated.” (An embittered rendition of the cost-based mindset.)
At any rate, to address the question, the answer is both yes and no… Unlike the typically myopic view of handling debt that CONservatives focus on, with a strategy that involves cutting one’s own throat by imposing austerity on the little people and redirecting more financial resources to the parasitic class, he has been busy focusing on a revenue generation strategy.
It’s difficult for MAGA Conservatives to wrap their minds around handling debt through multiple strategies. Because revenue generation is so much more complicated than simply axing a shaky infrastructure that punishes the working class, they never seem willing to examine this far better and more productive approach to fiscal management.
Carney has been busy discussing economic growth strategies with the local community and global leaders. Admittedly, these are longer-term strategies than cutting costs, as they are a far more effective and stable approach for managing debt.
Another downside is that conveying the benefits of such an approach to people who can’t or refuse to grasp multi-stage strategies is subject to the same criticisms that the Carbon Tax has faced, and that Maple MAGAts have been barking about how much they dislike it, perceiving it as a scam.
Short-term thinkers often struggle to grasp multistage concepts that require focused attention to understand how additional upfront costs can result in far more significant economic benefits in the long run through revenue growth, which more effectively manages debt than cutting costs. Cuts hamper economic growth so much that they can potentially send a nation into a financial death spiral.
Those who don’t understand the implications of short-term thinking should pay attention to how Mango Mussolini gives the world a stark lesson about how utterly misguided such a myopic focus on economics is.
The most straightforward rendition of this view of economics is given by Terry Pratchett in his 1993 Discworld novel Men at Arms, through a character named Captain Samuel Vimes in a “Boots Theory of Economics”
Carney’s strength as an economist lies in his understanding of value and his focus on creating long-term benefits by developing a value-based rather than cost-based strategy.
This approach forgoes making quick promises to please the impatient among the crowd and requires time to develop. Some people innately understand the importance of creating a coherent strategy, and it was this unspoken expectation that a grifter like Drumpf leveraged through a trust-based scheme when he claimed to have “ideas of a plan.”
The difference here is that the work being done by Carney is obvious, and CONservatives help to make it obvious when they whine about how much gas he’s consuming by flying abroad to make deals with more stable nations than the U.S.
Carney has developed a strategic plan through his actions and decisions. He hasn’t yet summarized it in an action plan that the short-term thinkers demand. They must wait until his strategy becomes an actionable framework for followers.
thotbag 