After decades spent pursuing net-zero dreams at great cost to their economies and social fabric, most of the world’s industrialized nations are waking back up. War with Iran and the threat of tanker blockades have everyone worried about oil and natural gas supplies and clamouring for energy security. Or nearly everyone. Not Mark Carney, though. Canada’s prime minister keeps pushing industrial carbon taxes higher and insists on wasting taxpayers’ money on windmills that make no difference. Gwyn Morgan recalls his own observation of the global warming movement’s original rise, its morphing into the radical “net zero” cult – and its spectacular global disintegration. It is high time, Morgan writes, that Canadians demand Carney also drop his delusions.

Older generations often roll their eyes when young people seek to blame them for their woes. But if Canada’s Gen Zers feel betrayed by the Boomers, they are right to do so, argues Gwyn Morgan. Years of irresponsible fiscal and regulatory policies have hamstrung the Canadian economy and left younger generations facing a bleak future of stagnant wages, rising taxes and shrinking opportunities. A former business leader who created more than his share of jobs and prosperity during his long corporate career, Morgan casts a worried eye over the next generation – and offers sympathy for the situation they’re inheriting.

Germany was postwar Europe’s most successful nation – until it was seized by an arrogant leftist ideology that led it down a ruinous path. Its government abandoned safe, zero-emission nuclear power for inefficient wind and solar plus natural gas from Vladmir Putin. It threw open its borders to millions of asylum-seekers with barely a thought to the enormous costs or the difficulties of social integration. Today, at the 11th hour, Germany is at last struggling to turn around its decade of economic decline and social disintegration. In this cautionary tale, Gwyn Morgan sees a profound warning for Canada.

U.S. President Donald Trump’s trade policy may be chaotic and punitive, but he’s right about one thing: Canada’s agricultural supply management system has to go. Not because it’s unfair to America, though it is, but because it punishes Canadians. The price-fixing scheme limits consumer choice, requires a huge bureaucracy and prevents farmers from producing more in the face of shortages, forcing them instead to dump excess production. Worst of all, writes Gwyn Morgan, it drives up prices for milk, cheese, chicken, eggs and other essential foods — all for the benefit of a few thousand farmers, largely in Quebec. For Canada’s trade negotiators, argues Morgan, ending this mad racket should be job one.

Climate-obsessed politicians – Justin Trudeau in the vanguard – nearly destroyed the Canadian economy chasing emissions targets that are both unrealistic and pointless. Ottawa and the four biggest provinces have squandered $158 billion to create just 68,000 “clean” jobs. Meanwhile, fossil fuels are supplying a bigger share of Canada’s energy needs than ever. And now, leading U.S. officials and even eco-zealots like Bill Gates are re-evaluating their net-zero ideology. But that hasn’t gotten through to Prime Minister Mark Carney who, warns Gwyn Morgan, intends to inflict further punishment on an ailing country in pursuit of a delusional cause.

It is probably beyond the imagination of most Canadians that they would ever face the kind of evil atrocity Israelis suffered on October 7, 2023. Or that we would find ourselves living next door to savage terrorists bent on our annihilation. But as Gwyn Morgan points out, it is critical to understand that reality as Israel’s struggle for existence carries on. The history of Israel is nothing short of miraculous. As Morgan personally observed on a tour of the world’s only Jewish state, Israelis have with determination and heart built a free, tolerant, prosperous and technologically-advanced democracy while surrounded by enemies. In the face of ruthless attacks by Hamas and the craven behaviour of supposed friends and allies who now lean in favour of the terrorists, Israel has reminded the rest of the world what real courage is.

Canada spends more on health care than just about any other country in the world, and with abysmal results. Yet when it comes to fixing the problem, most politicians and policy-makers are immune to common sense. As business leader Gwyn Morgan writes, allowing private options alongside government-funded health care has been proven to help patients in both systems – around the world and here in Canada, too. Yet the courts continued to uphold restrictions on private care while the Mark Carney government simply promises to throw still more money at the problem – showing itself to be as deluded and dogmatic as those who went before.

For anyone who still bought into Mark Carney’s self-declared image as the great global banker who would responsibly manage Canada’s finances, his recent promise to juice defence spending to 5 percent of GDP – $155 billion per year in today’s dollars – must surely be the final straw. The Liberal Prime Minister had already announced massive spending hikes and a huge deficit, with interest on the federal debt to hit $70 billion by 2029. All this will spell doom for a country already struggling with declining productivity, zero growth and a falling standard of living, concludes Gwyn Morgan. The veteran business leader charts Canada’s path to budgetary disaster and places the blame squarely where it belongs – on Canada’s profligate Prime Minister.

“Meet the new boss/Same as the old boss,” The Who’s Pete Townshend wrote back in 1971. Words that today might well apply to Mark Carney. Canada’s new Liberal Prime Minister says he wants to make Canada a “conventional and clean energy superpower”, and suddenly seems to support new oil and natural gas pipelines. But Gwyn Morgan, who devoted years as a CEO to defending Canada’s oil and natural gas industry, doesn’t buy it. Carney, he notes, spent years abroad on an ever-more-strident net-zero quest, and recently said he’s keeping his predecessor’s oil and gas emissions cap in place. In this incisive critique, Morgan takes the measure of the new PM and finds that the prospects of restoring the Canadian economy have dimmed further.

With a blunt and determined president south of the border and an election in the offing, Canada is at a crisis point – one that has come after a decade of disastrous policies from Justin Trudeau’s Liberal government that have transformed Canada into an economic weakling. In this devastating critique, Gwyn Morgan lays out the main reasons for Canada’s self-inflicted economic decline and the steps that must be taken to get serious in this new reality. And Morgan offers a stark warning: Mark Carney may seem more sophisticated and competent than Trudeau, but he has spent much of his career as a champion of the same destructive agenda. It’s time for real change.