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"There is someone who is trying to weaken our economy: Donald Trump," said Carney in his victory speech.
Former central banker Mark Carney will replace outgoing Prime Minister Justin Trudeau and take the helm of Canada's centrist Liberal Party after winning the leadership race by more than 80%. In his victory speech in Ottawa, Carney took direct aim at U.S President Donald Trump.
"There is someone who is trying to weaken our economy: Donald Trump," said Carney. "Donald Trump, as we know, has put... unjustified tariffs on what we build, on what we sell, on how we make a living. He's attacking Canadian families, workers, and businesses."
Last week, the Trump administration imposed 25% tariffs on most goods imported from Canada and Mexico last week, prompting Canada to impose retaliatory tariffs. Trump has paused tariffs on some products from Canada, but the duties could still return in April, according to Bloomberg. But a trade war isn't the only area where Canadian and U.S. relations are feeling a chill. Trump has made threats to Canadian sovereignty by repeatedly saying Canada should be the 51st state of the U.S., which Carney also addressed in his speech.
"America is not Canada. And Canada never, ever, will be part of America in any way, shape or form," Carney told the crowd. "We didn't ask for this fight, but Canadians are always ready when someone else drops the gloves."
After nearly a decade leading the Canadian government, outgoing Prime Minister Justin Trudeau announced in January that he intended to resign as the head of the Liberal Party after it selected a new leader—acquiescing to calls that he should make way for new leadership ahead of a federal election later this year. Trudeau faced declining public polling and calls from within his own party to resign.
In recent weeks, however, the Liberal Party has sharply rebounded in public opinion polls—rising from 20% in early January to 30% as of March 5. A federal election must be held by October 20, 2025, but could be held sooner if a snap election is called. Carney will serve as prime minister for the duration of the party's ruling term.
Polling has the Conservative Party, lead by Pierre Poilievre, in the lead.
Carney will be the second Canadian prime minister "with no concrete links to parliament at the time of his appointment, including no seat in the House of Commons. While no rule bars this, convention suggests Carney will need to quickly announce plans to run for a federal seat," according to The Guardian.
Carney was the governor of the Bank of Canada from 2008 to 2013, and later was the first non-British person selected to run the Bank of England, from 2013 to 2020, according to The Associated Press. In both cases, Carney earned acclaim for helping the countries navigate economic hardship. From 2020 to early 2025 he was the United Nations’ special envoy for climate action and finance, per his LinkedIn page.
What is that lesson that corporate-friendly so-called "centrists" refuse to learn? That you cannot save democracy while preserving the very economic and political arrangements that have hollowed it out.
Justin Trudeau's resignation and Trump's looming return on the anniversary of January 6 mark not just the resurgence of the far-right, but perhaps final collapse of centrist delusions.
There's a bitter poetry to the timing. On January 6, 2025—exactly four years after Trump supporters stormed the U.S. Capitol in a violent attempt to overturn democracy—two events crystallized the profound failure of liberal centrism. In Ottawa, Justin Trudeau, once the global poster child for progressive liberalism, announced his resignation as Canada's Prime Minister. Meanwhile in Washington, Donald Trump prepared to return to power, having decisively defeated another supposed liberal savior in Kamala Harris.
The convergence of these events represents more than just the latest episode in the ongoing crisis of liberal democracy. It marks the definitive end of an era defined by a particular political fantasy: that charismatic centrist leaders could somehow save liberal democracy from its own contradictions while preserving the very system that produced its decay.
At the heart of contemporary liberalism lies a seductive myth: that the right combination of charismatic leadership, technocratic competence, and moderate politics can save democracy from its enemies while avoiding fundamental social transformation. This "liberal savior" narrative has dominated centrist political imagination for the past decade, manifesting in figures from Emmanuel Macron to Pete Buttigieg.
The limits of liberal centrism proved fatal. Unable to deliver material improvements in people's lives while preserving the interests of their donor class, these supposed saviors watched their support collapse.
The myth operates on two levels. First, it suggests that individual leaders—through force of personality, rhetorical skill, or managerial expertise—can resolve deep structural crises without challenging the underlying power relations that produced them. Second, and more insidiously, it promotes the idea that liberal democracy itself can be saved simply by defending existing institutions rather than radically democratizing them.
This mythology reached its apotheosis in Justin Trudeau. Young, photogenic, and armed with progressive rhetoric, he seemed to embody everything liberals believed could defeat the populist right. Here was a leader who could speak the language of social justice while reassuring financial markets, who could kneel at Black Lives Matter protests while expanding oil pipelines, who could champion feminism while maintaining corporate power structures.
The same template was later applied to figures like Joe Biden and Kamala Harris, both presented as the noble defenders of democratic norms against Trumpian barbarism. Yet in each case, the fundamental contradiction remained: you cannot save democracy while preserving the very economic and political arrangements that have hollowed it out.
Trudeau's trajectory is especially revealing. In 2015, he rode to power on a wave of optimism, presenting himself as the progressive antidote to conservative rule. With his carefully cultivated image of youthful dynamism and performative embrace of diversity, he became the archetype of what liberals imagined could defeat the rising tide of right-wing populism. International media swooned over his "sunny ways" and apparent commitment to progressive causes.
The reality never matched the image. Behind the woke platitudes and photo ops, Trudeau's government consistently served the interests of Canadian capital. His administration expanded oil pipelines despite climate crisis rhetoric, continued selling arms to Saudi Arabia while claiming to champion human rights, and used federal power to crush labor resistance, as seen in his government's draconian response to postal worker strikes.
The contradictions only deepened over time. While Trudeau spoke eloquently about reconciliation with Indigenous peoples, his government aggressively pursued resource extraction projects on unceded territories. He campaigned on electoral reform but abandoned it when he couldn't secure a system favorable to his party. His supposed feminist credentials were exposed as hollow when he forced out strong women in his cabinet who challenged his authority during the SNC-Lavalin scandal.
This gap between progressive aesthetics and neoliberal governance isn't a bug but a feature of the liberal savior model. Figures like Trudeau fundamentally misunderstand democracy as a system to be preserved rather than radically expanded. Their project was always about maintaining the status quo through a kind of repressive tolerance – allowing just enough progressive window dressing to deflect demands for structural change while keeping the fundamental power relations of capitalism intact.
This gap between progressive aesthetics and neoliberal governance isn't a bug but a feature of the liberal savior model.
The same dynamic played out in the United States. After Trump's 2020 defeat, Democrats assured voters that "normalcy" would be restored under Joe Biden. When his presidency floundered, they turned to Kamala Harris as the next great hope for defending democracy against Trump's return. Yet as with Trudeau, the limits of liberal centrism proved fatal. Unable to deliver material improvements in people's lives while preserving the interests of their donor class, these supposed saviors watched their support collapse.
The liberal savior myth rests on two fundamental delusions. First, that individual leadership qualities—whether Trudeau's charisma or Biden's experience—can overcome the structural crisis of legitimacy facing liberal democratic institutions. Second, that these institutions can be preserved in their current form while addressing the deep inequalities and democratic deficits that fuel right-wing populism.
This approach was always doomed to fail because it refused to acknowledge that liberal democracy's crisis stems from its own internal contradictions. The same free market capitalism that centrist leaders champion has hollowed out democratic institutions, atomized communities, and created the precarious conditions that drive authoritarian appeals. No amount of symbolic progressivism or calls to preserve norms can resolve this fundamental tension.
The same free market capitalism that centrist leaders champion has hollowed out democratic institutions, atomized communities, and created the precarious conditions that drive authoritarian appeals.
The failures of figures like Trudeau reveal the bankruptcy of what have called "repressive democracy"—a system that maintains the formal structures of democratic governance while emptying them of substantive content. Under this model, democracy becomes primarily about managing dissent rather than enabling genuine popular power. Elections serve more to legitimate existing power structures than to facilitate real political transformation.
This crisis has only deepened in recent years. As economic inequality has soared and climate chaos intensifies, liberal democratic institutions have proven increasingly incapable of addressing fundamental social problems. The response from centrist leaders has been to double down on technocratic management while wrapping themselves in progressive rhetoric—a strategy that has now definitively failed.
The real question is not how to save liberal democracy, but how to transcend it through the creation of genuine democratic alternatives. This requires moving beyond both right-wing populism's false promises and liberal centrism's managed decline. Instead, we need a democratic socialist vision that expands democracy into all spheres of life—economic, social, and political.
This means building power from below through militant labor movements, tenant organizations, and community groups that practice genuine democratic decision-making. It means fighting for universal public goods and democratic control over the economy. Most importantly, it means rejecting the liberal belief that democracy is primarily about preserving institutions, and embracing it as an ongoing project of collective liberation.
The real question is not how to save liberal democracy, but how to transcend it through the creation of genuine democratic alternatives.
Practical examples of this alternative vision are already emerging. The recent wave of labor militancy across North America shows how workers can exercise democratic power outside traditional political channels. Municipal socialist movements are experimenting with participatory budgeting and community control. Indigenous land defenders are modeling forms of democratic governance that challenge both liberal capitalism and right-wing reaction.
Trudeau's fall and Trump's return should serve as the final nail in the coffin of the liberal savior myth. The choice we face is not between liberal democracy and authoritarianism, but between the expansion of genuine democratic power or its continued erosion under the twin forces of right-wing reaction and centrist accommodation. The only way to defeat the far right is to build democratic socialist alternatives that actually address the crisis of democracy at its roots.
The future depends not on enlightened leaders preserving the status quo, but on ordinary people organizing to fundamentally transform it. The fall of figures like Trudeau should not be mourned but celebrated as an opportunity to finally move beyond the dead end of liberal centrism and begin the real work of democratic reconstruction.