Carney said he’s propose “some big changes and some bold new ideas” in the coming weeks to address those economic issues. He vowed the Liberals “are going to win the (next) general election” despite the party’s months-long polling slump under Trudeau.
Yes but if we’re bold, there’s a known solution to this that isn’t obvious to us people who’ve been brought up in the neolib era. Introduce strong public pensions while building / devaluing housing. Most of those people count on this equity as their retirement. They have to sell and downsize or reverse mortgage to access it. A strong public pension would allow these folks to stay in place. Heck you could even offer government reverse mortgages that serve as / pad their pensions for people with housing equity. As they pass away, redevelop the properties into affordable housing. The prices of people’s homes going up only matter if they need to profit from them. I think for the vast majority of Canadian home owners this is only the case because they don’t have a decent pension. Remove that problem and people’s homes become places to live and their prices cease to matter. Just like the price of the microwave oven they have.
I can’t imagine some scheme like this wouldn’t be popular with enough people to get a broad majority support.
There are probably other bold schemes too.
Now do I think Carney would propose anything like this? Hell no. :D