To be sure, he’s shown an ability to come up with creative ideas. Carney’s solution for how to replace the dollar was imaginative but a little pie-in-the-sky: a synthetic token tied to a basket of central bank-issued currencies — something that would require a massive amount of buy-in from innumerable players to become the reserve currency.
“It was a very ambitious speech I would say, David, for a lunchtime audience at Jackson Hole, when all everyone really wanted to do was to go hiking,” Carney told host David Beckworth on the podcast Macro Musings in 2021 of the remarks he’d given in the waning days of his time at the Bank of England.
If Carney stays prime minister, he’ll have to do more than float ambitious ideas. He’ll have to deliver on them for voters who are impatient for economic solutions.
This is what blows my mind and I continually see this over and over again.
You see people demanding change but they want change to come through old ways of thinking that actually created these problems in the first place.
The only way truly stable change will occur is through different ways of thinking.
We cannot solve our problems with the same thinking we used when we created them.
Albert Einstein
Yet if people are fearful of different ways of thinking (ie thinking at a higher level of consciousness), we won’t see real change. It’ll just be the same old piecemeal “change” that most conventional politicians have done in the past.
In other words, “change” that really doesn’t change anything because it doesn’t directly address the underlying systemic problems in our world today.
When Carney himself says his speech is “ambitious,” he doesn’t mean it’s “pie-in-sky.” In effect, he’s not just making stuff up. He’s detailing a realistic plan that is possible but, yes, it does require “a massive buy-in from innumerable players.”
This is what people don’t get.
Real change can’t be achieved by one leader or one party.
It requires the collective effort and buy-in of many people at not just the collective levels of government (ie municipal, provincial, and federal) but from businesses and citizens as well.
In effect, it requires an entire society to want to change their ways of thinking, their ways of viewing of the world and themselves.
Yes, that could be considered “pie-in-the-sky” as well but it can be done, if people want to realistically work together to actually achieve it.