Canada's Next Prime Minister | Pierre Poilievre | EP 511

Coming up (0s)

• The total business investment in the United States divided by the total number of workers is $28,000, whereas in Canada it is $15,000, indicating a significant difference in investment per worker between the two countries (4s).
• Canadian workers earn approximately 55 cents for every dollar earned by their American counterparts, with both figures measured in USD (9s).
• In Vancouver, more money is allocated to bureaucrats than to carpenters, electricians, and plumbers who build the city (13s).
• Tradespeople who build homes in Vancouver often cannot afford to live in them (21s).
• Despite having the world's third-largest oil supply, Canada still imports oil, and the country struggles to export its natural gas (25s).
• The federal government has overspent by $66,000, exceeding its budget, and is facing a significant shortfall of $62 billion (41s).
• The true picture of the government's financial situation is suspected to be more dismal than currently known and may be revealed in the next year, potentially leading to severe consequences (51s).

Intro (1m0s)

• Pierre Poilievre is the leader of Canada's Federal Conservative Party and is likely to become Canada's next prime minister, with a transition in power expected to take place between March and October or November of 2025 (1m43s).
• A conversation with Pierre Poilievre was conducted, which provided Canadians and international viewers with an opportunity to learn more about him through an hour and a half of discussion (2m7s).
• The conversation covered various topics, including stories from Mr. Poilievre's interactions with Canadians in different settings, such as industrial, manufacturing, and academic environments, to inform himself about the challenges facing Canadians who are struggling to make ends meet (2m39s).
• The discussion also focused on Mr. Poilievre's vision for the future of Canada, which presents both threats and opportunities for its citizens, and explored ways for Canadians to overcome their current difficulties and create a more dynamic and industrial powerhouse (3m11s).
• The conversation aimed to identify the impediments that need to be removed for Canada to reach its full potential and become a thriving country (3m29s).

A day in the life of Pierre Poilievre (3m46s)

• Pierre Poilievre's professional life is divided into two parts: the Parliament Hill side and touring the country, with the former involving early morning meetings with his leadership team to plan out the day and the latter consisting of visiting various locations such as mills, mines, factories, farms, and high-tech facilities (4m2s).
• On the Parliament Hill side, Poilievre's day is punctuated by a weekly Caucus meeting and the daily prosecution of the government, which is the quintessential role of an opposition leader (4m32s).
• As part of his touring schedule, Poilievre has attended exactly 600 events over the last year, which include touring facilities, giving short speeches, doing question and answer sessions, and meeting with workers (4m43s).
• These events have taken place in nine provinces and two territories, with weekends being particularly packed, sometimes with up to 10 events on a Saturday or Sunday (5m39s).
• Poilievre enjoys the events because they provide practical insight into how the country actually works, allowing him to learn about the skills and backgrounds of workers in various industries (5m54s).
• The events also give Poilievre the opportunity to hear the stories of the people who work in these places and get their feedback on what they want and their dreams and aspirations (6m41s).

Preparing for Parliament as the Leader of the Opposition (6m52s)

• Pierre Poilievre's major function as a member of the opposition is to push back against the government, question, and criticize, and he decides what issues to focus on by reading the news, getting briefed by his team, and responding to current events (6m53s).
• He has a team that provides him with a full briefing of published news from mainstream, independent, and ethnic media, as well as a download of the entire social media landscape, which helps him decide on the questions to ask and the issues to focus on (7m39s).
• Poilievre's caucus is extremely talented and doesn't need a lot of direction, which is why their message is clear and resonating with people (8m17s).
• He believes his party is well-organized, citing evidence such as memberships, fundraising, and poll numbers, which are all stronger than any political party has been in his lifetime (8m41s).
• Poilievre attributes his party's success to having a clear mission statement, which is to bring back the Canadian promise that anyone who works hard can achieve a great paycheck, pension, and a safe neighborhood (9m20s).
• He believes people are tired of grandiosity and are looking for a more down-to-earth vision, which his party is offering by focusing on local issues and everyday people's concerns (10m13s).
• Poilievre's advice to people considering running for political office is to first ask themselves why they want the job, as having a clear sense of purpose is essential for success in politics (9m34s).
• The problem with countries affected by "utopian wokeism" is that it focuses on the grandiosity of leadership and egotistical personalities, rather than the greatness of common people (10m42s).
• This focus on the common people is one reason for the success of a particular movement, as people are looking for someone who will let them take back control of their lives and create a great future for their families (11m5s).
• The use of short, mysterious stories can be an effective way to convey wisdom and change the listener, as seen in the biblical text (11m27s).
• The biblical text is an inexhaustible source of wisdom, and if something in it seems like an obstacle, it may be because there is something in the reader that has yet to be transformed (11m39s).
• One parable in particular has been difficult to understand, but it may be seen as an example of how one ideology has supplanted Christianity and done good for humanity (12m7s).
• The idea of a post-Christian society can be frightening, but it is also an opportunity to open up and let in new stories and ideas (12m21s).
• The concept of love and wisdom is important, and attempting to achieve wisdom without love can be radically wrong (12m41s).
• The power of love is not just a cliché, but a real force that can bring about change (12m47s).
• The current time is peculiar, and it will take effort to navigate the challenges and complexities of the world (12m55s).

20-year consistency on the message: maximize personal freedom (13m10s)

• There is a general distrust of establishment organizations and political elites across the West, which is well-earned (13m12s).
• The vision of maximizing personal freedom is something that has been consistently held for a long time, and not just a set of campaign slogans (13m26s).
• A review of past actions and writings throughout the entire political career shows that the same message has been conveyed since being a teenager (13m39s).
• At the age of 20, an essay titled "Building Canada on Freedom" was written, which was about making the government small and maximizing personal freedom (13m56s).
• The same language used in the essay 22 or 23 years earlier was used in the leadership launch speech (14m12s).
• As part of the Harper government, the same things were fought for and done that are being proposed now (14m21s).
• Evidence from past actions and writings can provide assurance that the message of maximizing personal freedom is genuinely held (14m31s).

Where conservatives go wrong (14m41s)

• The UK's 14 years of conservative government is cited as an example of conservatives going wrong, as they fell prey to the "Net Zero types" and implemented a catastrophic energy policy, and also had a flawed immigration policy that was later apologized for by leaders such as Kir Starmer and Kemi Badenoch (14m41s).
• The UK conservatives did not govern by conservative principles, and this is a concern for Canada's conservatives if they take power, as they may be enticed into a "Global utopian delusion" (15m20s).
• Conservative parties around the world often make the mistake of thinking they can chase the ideas of their opponents and still maintain their conservative base, but this approach ultimately leads to disastrous policies (16m0s).
• This approach may work in the short term, but when the policies fail, people wake up to higher taxes, inflation, deficits, and crime, and become enraged (16m39s).
• The temptation to take on socialist policies is present, but it must be fiercely resisted, as it would lead to worse lives for people by the fourth year of a mandate (17m4s).
• Many leaders fall prey to the temptation to shine on the international stage, prioritizing global status over national decisions, and this can be a powerful force that cannot be underestimated (17m20s).
• The pressure to impress and dominate on the international stage can be a significant temptation for leaders who have reached the national pinnacle (17m45s).

“People feel like they’ve done absolutely everything right” — the real reason Canadians can’t afford homes (17m58s)

• Pierre Poilievre has attended around 1,000 to 1,200 events, where he spoke to and listened to ordinary Canadians, gaining insight into their concerns and struggles (17m59s).
• Many Canadians, particularly young people, feel trapped in their lives despite doing everything right, citing the impossibility of owning a house due to high prices and low incomes (18m57s).
• In cities like Toronto, it would take approximately 29 years to save up for a down payment on an average house, making it difficult for young people to start families (19m28s).
• Middle-aged Canadians with kids are concerned about safety due to rising crime rates, drugs, and gangsterism in their neighborhoods (20m17s).
• Business owners are struggling to compete in Canada and are considering moving their operations to other countries, such as the United States, due to unfavorable business conditions (20m31s).
• Despite these challenges, Canadians are hopeful that things can be turned around, and they have correctly identified the problem as being entirely political (20m49s).
• Canadians believe that with the right political decisions, they can once again achieve their goals, such as owning a house, starting a family, and living in a safe neighborhood with good traditional values (21m27s).
• There is a growing trend among young people to adopt conservative values, with many wanting to start families and live traditional lives (21m50s).
• Young men have been demonized for 30 years for various aspects of their masculinity, creating an opportunity for support among this demographic, which Pierre Poilievre's political party is capitalizing on, gaining increasing support from young people across Canada (21m55s).
• Poilievre's rallies have been overwhelmingly populated with youth, which is unusual for conservatives, as young people want to have the adventure of their lives, earn a living, and have a purpose bigger than short-term goals (22m26s).
• In the past, socialists would promise young people free stuff and a life without responsibility, but this approach has lost popularity as young people have realized it leads to a dystopian society where their values and goals are impossible to achieve (22m54s).
• Now, young people are expressing a desire to start businesses, invent, create, and become tradespeople, with aspirations to hire employees and build a legacy, which is a positive trend that Poilievre is optimistic about (23m36s).
• Canada has a limitless supply of resources, including oil, natural gas, uranium, and lithium, as well as a highly educated population and a parliamentary system of government, which are massive advantages that can be leveraged to unleash the country's potential (24m8s).

Poilievre was shocked by how much the youth demographic works, “they are exhausted” (24m50s)

• The unhappiness among young people is attributed to the mismatch between the opportunities they see and their inability to capitalize on them despite contributing and doing their part (24m50s).
• Many young university students work long hours outside of their studies to scrape by, often taking on service jobs to pay their bills, which is more than what was required 25 years ago (25m16s).
• In the past, it was possible for students to work during the summer and earn enough money to pay for tuition and rent for the entire year, but this is no longer the case (25m39s).
• Today's young people are working 20-30 hours a week in addition to a full course load and appear exhausted, with bags under their eyes (26m4s).
• The worst part is that they do not see a light at the end of the tunnel, despite their hard work, which is demoralizing and leads to hopelessness (26m20s).
• This situation is a breakdown of the social contract, where doing things right is supposed to lead to rewards, but instead, the pathway is paved to failure (27m21s).
• The people most demoralized by this situation are the ones who are most productive and hardworking, which is detrimental to the economy (27m47s).
• The current economic setup punishes people who are entrepreneurial and hardworking, which is not ideal (28m3s).

Dollar-for-dollar: how Canadians stack up against Americans (28m11s)

• Canada's richest province, Ontario, has inhabitants who are now poorer per capita than those in Mississippi, the poorest American state, with this change occurring primarily in the last 10 years (28m14s).
• Historically, Canada's wealth per capita was not quite as high as the US, but it was tracking closely until the last decade, when the gap widened to around 60% (29m1s).
• The real estate market in Canada is approximately twice as expensive as in the US, making the situation even more challenging (29m24s).
• Ten years ago, the New York Times reported that median American and Canadian incomes were tied, but now per capita GDP in the US is $22,000 higher than in Canada, measured in USD (29m35s).
• This translates to a difference of almost $30,000 in Canadian dollars, essentially a whole other part-time income (30m7s).
• The US has significantly cheaper real estate than Canada, making their dollars go further even when exchange rates are matched (30m19s).
• Leading indicators, such as investment dollars, are also more favorable in the US, with American workers receiving $228,000 of investment per year, compared to $15,000 in Canada (31m2s).
• This means Canadian workers receive about 55 cents for every dollar of investment received by their American counterparts, measured in USD (31m20s).
• The investment gap is a major concern, as it affects future productivity and the ability of workers to earn higher wages (31m30s).
• Canada's productivity is another significant issue, with American workers producing $80 of GDP per hour, compared to $50 in Canada, requiring Canadians to work 60% more to earn the same amount (32m12s).
• Canada's economic situation has led to a decline in the quality of life, with people struggling to afford basic necessities like food and housing, as reflected in the fact that two million people are lined up at food banks and 80% of youth cannot afford homes (32m35s).
• The country's economic disparity is evident in the substantial shortfall in the value of goods and services produced by Canadians compared to Americans, with Canadians producing $50 worth of goods and services in an hour compared to $80 in the US (33m11s).
• Housing costs are another indicator of economic disparity, with Toronto and Vancouver being the most unaffordable housing markets in North America, and housing costs being 50% higher in Toronto than in Chicago despite Chicago workers making 50% more money (33m34s).
• The same disparity is observed between Vancouver and Seattle, with Seattle workers making more than Vancouver workers but housing being 60-70% more expensive in Vancouver (33m54s).
• The economic disparity has led to Canadians accumulating enormous quantities of debt, with households being the most indebted in the G7, and the stock of household debt exceeding the country's entire economy (34m21s).
• The level of household debt in Canada is comparable to that of the US before the 2008 financial crisis, with Canadians being more indebted as households than Americans were at that time (34m42s).

Inflation is an immoral tax which punishes the responsible (34m51s)

• Canada's economy is characterized by artificial scarcity imposed by a restrictive state that suppresses production, but allows for consumption through money printing and borrowing, leading to inflation (34m51s).
• Inflation punishes people who are thrifty and save, as it takes from savers and those trying to be responsible, making it impossible to be responsible (35m16s).
• Inflation is considered an immoral tax because it takes from the poor, who cannot afford inflation-proof assets like gold, real estate, and art collections, resulting in a wealth transfer from the poor to the very wealthy (36m10s).
• Socialist policies that provide goods and services by printing money actually punish the poor brutally, redistributing wealth from the working class to the super wealthy (36m47s).
• Inflation is also immoral because it is adopted secretly, without a vote, and its effects are blamed on others, such as grocers, gas stations, and realtors, rather than the government's money printing (37m21s).
• The effects of inflation are silent, taking from the poor, giving to the richest people, and destroying the working class, which is why a policy to stop inflation at all costs is necessary (38m3s).

We need to stop the money printing and slash the bureaucracy (38m17s)

• To stop inflation, the money printing needs to be stopped, as it is a means to fund deficit spending by governments, and the current deficit is $62 billion, which is above the previously thought ceiling of $41 billion (38m18s).
• The deficit is the difference between what the government spends and what it brings in, usually calculated on a yearly basis, and the debt is the accumulation of the deficits (38m32s).
• The increase in the money supply, facilitated by central banks, causes inflation, and the consequences of this can be seen in the fact that it is now much harder for people to afford homes, with the example given of a family who moved to Canada in 1973 and were able to pay off their home in seven years, whereas their university-educated grandchildren would not be able to save up for a down payment in 15 years (39m0s).
• To address this, the money supply needs to be stopped from growing, and the focus should be on producing more energy, growing more food, and building more homes, by unleashing the free enterprise system and removing artificial scarcity imposed by the government (39m50s).
• One way to do this is to incentivize municipalities to grant fast building permits, and a plan to achieve this is to tell municipal governments that they will lose federal infrastructure money if they do not speed up permits, cut development charges, and free up land (40m23s).
• The percentage of a new house price that is a consequence of government taxation and regulation is 60% in Vancouver, which includes the cost of land and the house, and this is calculated by comparing the cost of building a home to the cost of buying a home (40m44s).
• The extra cost of $1.2 million above the materials, labor, land, and profit for the developer is due to development charges, sales taxes, land transfer taxes, delays in getting permits, and the cost of hiring consultants, lawyers, accountants, and lobbyists (41m14s).
• To address this, the bureaucracy needs to be slashed, and a plan to achieve this is to tell mayors that they will not get federal infrastructure money until they slash their development charges and speed up their permits, and to take the federal GST off new homes under a certain limit (42m10s).
• The goal is to make housing more affordable, and with the amount of land available, it should be "dirt cheap," but the government needs to get out of the way to achieve this (42m33s).

Canada has an abundance of natural resources (42m42s)

• Canada has an abundance of natural resources, including the world's third-largest oil supply, yet the country still imports oil and struggles to export natural gas overseas, even when other countries like Germany and Japan offer multi-decade contracts at distressed prices (42m43s).
• The price of natural gas is 3 to 5 times higher in Europe and Asia than in North America, presenting a significant opportunity for profit through arbitrage by exporting Canadian natural gas to these regions (44m22s).
• In the last 10 years, the Americans have added six liquefaction plants, and the Qataris have also made significant investments in this area, highlighting the potential for Canada to capitalize on its natural gas resources (44m36s).

Powering the future of tech and AI (44m45s)

• Canada has not completed a single new liquefaction facility, despite having the fifth biggest supply of natural gas, with the only upcoming facility in Kitimat being approved by the Harper government and expected to come online soon (44m47s).
• There have been formal requests for Canadian natural gas from countries such as Japan, Greece, Germany, and France, with Canada's cold weather making it cheaper to liquefy gas and its geographical location allowing for faster shipping to Asia (45m9s).
• Canada's natural gas can be used to power data centers, which are necessary for AI, blockchain, and other technologies, and the country's cold weather can be monetized to make this process more efficient (45m39s).
• Data centers require a tremendous amount of energy to operate, with a single Chat GPT inquiry being 10 times more energy-intensive than a Google inquiry, using approximately 2.9 watt-hours of energy (46m1s).
• Canada has the potential to power data centers with its natural gas, nuclear energy, or hydroelectric power, with 60% of Ontario's energy already coming from nuclear sources (46m46s).
• Tech companies such as Facebook and Microsoft are desperate for energy to power their data centers, with Microsoft revitalizing a nuclear plant on Three Mile Island to meet its energy needs (47m12s).
• Canada currently has around 250 data centers, but has the potential to do much more, with its diverse energy supply being a key advantage in this industry (47m25s).
• Unleashing the production of Canada's energy resources could bring significant economic benefits to the country (47m45s).

An abundance of energy will save the environment (47m49s)

• A study by the National Bank found that if Canada were to displace half of India's electricity demand over the next 20 years by supplying natural gas instead of coal, it would reduce global emissions by 2.5 billion tons, which is three times the emissions of all of Canada (48m10s).
• This reduction would be achieved because natural gas is half as emissions-intensive as coal, making it a cleaner alternative for energy production (48m35s).
• Exporting natural gas could do more to reduce emissions than shutting down Canada's entire economy, highlighting the potential for energy abundance to address environmental concerns (48m42s).
• There is also an environmental case to be made for alleviating absolute poverty, as people who are lifted out of poverty tend to take a longer-term view of their lives and are more likely to take environmental action at the local level (49m8s).
• The eradication of absolute poverty is seen as the fastest pathway to a genuinely green and sustainable future, and the most effective route to achieving this is through the provision of cheap energy (49m37s).
• Canada could play a leading role in promoting a green future through the export of natural gas and the alleviation of absolute poverty, allowing for both economic growth and environmental sustainability (49m47s).

21 billion dollars spent annually on federal consultants (49m52s)

• The federal deficit for the year was $61 billion, which translates to $1,500 per person in Canada, with a population of 40 million, and $66,000 per family, considering the average family size (49m52s).
• The federal government spent $6,000 of each family's money last year, exceeding their budget, in addition to having among the highest taxes in the world, including a 53% highest marginal tax rate, carbon tax, high payroll taxes, high business taxes, and high capital gains taxes (50m12s).
• The provinces also have deficits that compound the federal one, resulting in too much government, and there is a need to reduce the size and cost of government and unleash the power of the free market (50m57s).
• The Trudeau Administration has increased the federal bureaucracy by 40% in bodies since its inception, despite this, they have also radically increased the amount of money spent on consultants, who are as expensive as employees, with some charging $600 an hour (51m17s).
• The federal government spends $21 billion on consultants alone, which is $1,400 per Canadian family in federal taxes, a recurring cost, and an insane amount of money, especially when there are more bureaucrats to supposedly do the work (52m10s).
• The results of the increased spending on consultants and bureaucracy are arguably worse, with a more porous border, a weakened military, and devastated basic services (52m41s).

Canada’s border and immigration policy (53m6s)

• Canada's per capita immigration rate exceeds that of the US, with a population growth of 1.2 million in 2023, which is a significant number considering the country's base population of 40 million (53m17s).
• The high immigration rate has been acknowledged as a calamity for housing, the job market, and healthcare, with Trudeau himself recently walking back his previous stance and adopting policies he had previously called racist (53m40s).
• The current state of Canada is considered dismal, with the threat of Quebec separatism being a significant concern, although it was previously considered a non-issue after being "completely dead" in the Harper era (54m40s).
• The Parti Québécois (PQ) is now leading in the polls in Quebec, with the leader making economic arguments in favor of separation, which is a change from their previous approach as most Quebecers would say they would be worse off economically if they left Canada (54m51s).
• The economic arguments for separation are now being made possible due to the perceived failure of Trudeau and the Liberal government in Ottawa, which has led to a decline in the national economy (55m8s).
• The goal is to reverse the argument for separation by making the economy strong again, but the current situation is considered astonishing in terms of how badly things have changed in every respect (55m22s).

The narcissist running Canada into the ground (55m35s)

• Canada's current prime minister has been governing the country for nearly 10 years, and his radical ideology, a rehashed form of socialism, has guided his decisions throughout his prime ministership, leading to disastrous outcomes (56m8s).
• The prime minister believes in a state that controls every aspect of citizens' lives, including their money, speech, and thought, which has been proven to be a complete disaster in the past (56m34s).
• One of the striking aspects of the current government is that many of its members, including Steven Gilbo, describe themselves as socialists, which is unusual for a party that has historically been centrist (57m14s).
• The Liberal party, led by Trudeau, has traditionally been a centrist party, but it has shifted to the far-left, with many of its members holding socialist views (58m13s).
• The government's ideology is considered fraudulent, as many of its members, including Gilbo, should have been part of the socialist New Democratic Party (NDP) rather than the Liberal party (58m24s).
• Trudeau's government has been accused of running the country on false pretenses for 9 years, and the prime minister's narcissistic personality characteristics have contributed to the country's problems (59m0s).
• The government has been involved in numerous scandals, with at least a half-dozen that would have prompted an honorable government to resign, and Trudeau's grip on authority is currently shaky (59m32s).
• The Deputy Prime Minister resigned last week, and at least a third of the caucus lacks confidence in Trudeau, but he is being propped up by the NDP, led by Jagmeet Singh, who claims to be an opponent of the government but refuses to take action to bring it down (59m52s).

A brief tear for Jagmeet Singh (1h0m40s)

• Jagmeet Singh faces two main problems: he is trying to be an NDP leader in a country that already has a prime minister, Justin Trudeau, who is more radical than traditional NDP leaders, and all of Singh's political ideology has been implemented, revealing its flaws (1h0m41s).
• The implementation of NDP policies has resulted in a "hellscape" with issues such as 1400 homeless encampments in Ontario, a 23% increase in hate crimes over the last nine years, a decimated military, and dropping wages (1h1m53s).
• Singh is trying to disown the ideology he previously supported, but it is difficult for him to convince people that he is different when Trudeau has been implementing policies that Singh would have done in his place (1h2m17s).
• Socialists often try to change their names and move on from their past, as seen in the progression from Communists to socialists, social democrats, liberals, progressives, and "woke" (1h2m42s).
• Singh voted against a non-confidence motion that contained his own criticisms of Trudeau, showing that he is trying to keep Trudeau's government in power while distancing himself from its policies (1h3m22s).
• Singh's motivations for propping up the government are unclear, but it is speculated that he may be doing so for personal reasons, such as securing his pension (1h3m45s).
• Singh's decision to support Trudeau's government without negotiating a cabinet seat or formal coalition is seen as a poor negotiating move that has decimated his own party and gained him nothing in return (1h4m12s).
• The NDP and Liberal parties are turning on each other as their leaders try to disown their collective record and distance themselves from the disastrous consequences of their agenda (1h4m52s).

Predictions for 2025: voting non-confidence and the upcoming election (1h5m40s)

• It is highly improbable that Justin Trudeau will lead the Liberal Party into the next election, and it wouldn't be surprising if he has to be removed as the party leader (1h6m5s).
• Parliament will reconvene in late January, and it will take a few weeks to get a non-confidence vote onto the floor of the House of Commons (1h6m20s).
• Jagmeet Singh's promise to vote non-confidence is expected to be insincere, and he will likely wait until he receives his pension in February before taking any action (1h6m35s).
• The earliest opportunity for a non-confidence motion is likely to be in March, which is also when Singh's pension kicks in (1h6m46s).
• An election is unlikely to be called before late winter or early spring, as Singh will not vote non-confidence before receiving his pension (1h7m10s).
• There is a possibility that Trudeau will resign and advise the Governor General to shut down Parliament, allowing the Liberal Party to choose a new leader, which would lead to a leadership race (1h7m20s).
• The leadership race could drag on for an unknown amount of time, causing the country to continue to struggle with uncertainty (1h7m30s).
• The Canadian people should not be forced to wait for the Liberal Party to sort out its internal issues, and an election is needed to provide certainty and allow the people to decide (1h8m58s).

Mark Carney — Trudeau’s financial advisor or not? (1h9m2s)

• Mark Carney is considered a potential contender for the Liberal leadership, but his past actions suggest he may not be willing to take on the role, as he previously accepted and then rejected the position of Finance Minister under Trudeau (1h9m12s).
• The chronology of events suggests that Carney agreed to the job, but then changed his mind after Freeland's unexpected resignation and the subsequent controversy (1h9m29s).
• Carney's decision to take the job initially may have been motivated by a desire to step into a clear path, but he may have been deterred by the messy situation that unfolded (1h9m55s).
• Carney already has a reputation and may be waiting for the Trudeau Liberals to further degenerate before stepping in as a potential savior (1h10m14s).
• Carney currently holds the official role of Trudeau's economic advisor, which may pose a problem for him in the future, as he will have to decide whether to take responsibility for the government's economic record or distance himself from it (1h10m29s).
• Carney's past statements and actions suggest that he shares Trudeau's ideology and supports policies such as the carbon tax and the attack on the energy sector (1h11m11s).
• Carney has also expressed opposition to Canadian pipelines, despite his company's investments in pipelines in other countries (1h11m15s).
• Overall, Carney's views and actions suggest that he represents the status quo and is closely tied to the Trudeau record (1h11m50s).

Dealing with the progressive hangover and righting the ship, why Poilievre is ready (1h11m53s)

• Canada is facing five dimensions of trouble, including more serious issues than ever seen before, which will be a significant challenge for the next prime minister, with the true picture likely being more dismal than currently known (1h12m27s).
• The easiest thing for Canadians and the legacy media will be to blame the next prime minister for the economic mess left by the Trudeau government, which will be a formidable set of problems to deal with (1h12m56s).
• Canada has a tremendous number of natural and cultural advantages, but the next prime minister will face opposition from a senate packed with liberal progressives, a judiciary packed with progressives, and municipalities across the country that are progressive (1h13m23s).
• Pierre Poilievre's plan is to cut bureaucracy, consultants, foreign aid, and corporate welfare to large corporations, using the savings to bring down the deficit and taxes, and unleash the free enterprise system (1h14m26s).
• Poilievre plans to repeal C-69, the anti-energy law, to cause a massive resource boom in Canada and make it attractive for businesses to do value-added work in the country (1h14m41s).
• Part of the plan is to grow out of the economic mess by increasing the GDP, which will fund the country and diminish the relative size of its debts (1h14m57s).
• Poilievre aims to bring back monetary discipline to bring down inflation, stop money printing, and incentivize municipalities to get building (1h15m19s).
• However, implementing these plans will be a big fight due to vested interests and small economic groups that have profited from the status quo, and Poilievre will need to make a call to Canadians to stay with him (1h15m35s).
• Politically active individuals cannot assume that voting in an election will instantly reverse all problems, and instead, people need to put pressure on the Senate, Mayors, and local counselors to adopt economic reforms and implement changes (1h15m53s).
• Businesses, especially corporate Canada, need to start fighting for policies that are good for their workers and fire their incompetent lobbyists, who have been ineffective in promoting beneficial reforms (1h16m21s).
• Larger businesses are starting to understand the concerns and are slowly getting on board with the proposed reforms, as they realize their previous strategies have not worked (1h16m45s).
• The energy companies, specifically the big five oil companies in Canada, have been following a bad strategy by towing the green line and have idiot lobbyists, despite having brilliant workers (1h16m55s).
• The developers need to inform people in cities why housing costs are high, and they need to take responsibility for the rising costs instead of just taking the blame (1h17m25s).
• The business community needs to step up and make the argument for the proposed changes, or else they will face political barriers, and it is essential for people to stay politically active to push these changes through (1h17m49s).
• The message is that people who want the proposed changes need to stay politically active and push them through, even after the election, to ensure they are implemented (1h18m4s).

Poilievre’s team (1h18m18s)

• Pierre Poilievre's team consists of individuals with notable track records of accomplishment, which helps alleviate concerns about his leadership style (1h18m18s).
• Andrew Scheer, a former party leader, is part of Poilievre's team and brings experience as the speaker of the house, understanding the rules of the game and procedural maneuvers (1h19m20s).
• Dr. Leslyn Lewis, a former leadership rival, serves as the shadow minister of infrastructure and is doing a great job in discussing how to rebuild the country's infrastructure (1h19m55s).
• Newcomers like Jal Javani, who was recently elected in Durham, and Melissa Lantsman, the Deputy leader, are also part of the team, bringing strong communication skills and a well-known presence across the country (1h20m12s).
• Poilievre's team is recruiting a large number of candidates to help win the election and govern effectively if they win (1h20m36s).
• On the energy side, Poilievre's team benefits from a large Western caucus, with many MPs from Alberta and Saskatchewan who understand the energy sector (1h20m50s).
• Poilievre has spoken with premiers like Daniel Smith and Scott Moe about reforming approval laws to get resource projects started quickly (1h21m15s).
• He is also in talks with leaders like Premier Smith from Alberta, who has expressed willingness to help, and Greg Rickford from Northern Ontario, who has a plan to approve the Ring of Fire mineral collection (1h21m40s).

If Poilievre gets two terms (1h22m22s)

• Pierre Poilievre's fundamental plan is to eliminate bureaucratic obstacles and facilitate growth in Canada, making it a sophisticated nation that is more than just a resource-based economy (1h22m22s).
• Poilievre envisions a Canada where young people can start businesses, take risks, and be rewarded for their ambition, with the country becoming a hub for adventurers, explorers, inventors, and workers (1h23m23s).
• In this envisioned Canada, brilliant engineers and tech professionals would choose to stay in the country, attracted by the best salaries, affordable housing, and a business-friendly environment (1h23m47s).
• Poilievre aims to make Canada a welcoming place for entrepreneurs, surpassing the United States in terms of business-friendliness and attracting hundreds of billions of dollars in investment (1h24m27s).
• He notes that Canada had more American investment than the US had Canadian investment from 2000 to 2014, but since 2015, there has been a net outflow of half a trillion dollars from Canada to the US (1h24m50s).
• Poilievre wants to reverse this trend and bring back Canadian investment, which would amount to around $40,000 per Canadian or $80,000 per family (1h25m37s).
• He draws inspiration from Ireland, his grandfather's country of origin, as a model for creating a business-friendly environment that attracts investment and fosters growth (1h26m20s).
• Ireland's per capita GDP has surpassed Canada's, with Ireland's per capita GDP being $100,000 compared to Canada's $50,000, due to Ireland's decision to cut taxes and shrink government, making it a tech-friendly environment (1h26m27s).
• Ireland's government accounts for only 23% of the economy, compared to 40% in Canada, and 70% of the Irish economy is free enterprise (1h26m40s).
• Other countries such as Singapore, Switzerland, and Israel have also experienced significant growth by adopting similar policies, making them startup nations (1h27m0s).
• The recipe for success is already known, and it involves unleashing free enterprise, removing constraints, cutting taxes, and allowing people to prosper (1h27m8s).
• Canada's graduates, particularly those from the University of Waterloo, are highly regarded and comparable to those from the Indian Institute of Technology, but many are leaving Canada due to high taxes and limited opportunities (1h27m23s).
• Canadians who graduate from top universities can face high taxes, with a tax rate of 53% in Canada compared to 18-19% in Texas, and are often drawn to the United States due to better job prospects and lower costs of living (1h27m53s).
• The Canadian dollar is also weaker than the US dollar, with a 69-cent equivalent, making it less attractive for top talent to stay in Canada (1h28m11s).
• There is a need to create an environment that attracts and retains top talent in Canada, making it an attractive place for brilliant minds to build and keep their businesses (1h28m24s).

Axe the carbon tax — and other day-one changes (1h28m35s)

• The plan is to make significant changes in the first months of the administration to reassure Canadians that the new government is serious about its commitments, starting with abolishing the carbon tax, a long-standing promise (1h28m51s).
• Another immediate change would be to remove the GST on new homes and incentivize municipalities to start building, aiming to make a noticeable difference in housing costs by the end of the fourth year (1h29m5s).
• A major crackdown on crime is also planned, focusing on habitual offenders who will no longer be released from jail, as 1% of criminals are responsible for 65% of crimes (1h29m41s).
• The crackdown is expected to reduce crime, as seen in the past when the Harper government reduced crime by 25% and incarcerations went down, as the focus was on keeping repeat offenders in prison (1h30m8s).
• The plan also involves reforming the immigration system, which includes slowing down the numbers, ending fraud in the international student and temporary foreign worker programs, and returning to Canada's historically effective immigration policy (1h31m2s).
• The goal is to make immigration a net benefit for both immigrants and Canadians, as it was before Justin Trudeau's government, when it was well-managed and not controversial (1h31m33s).

Immigration and integration: “when you get here you are Canadian first” (1h31m43s)

• Support for immigration in Canada was strongest in rural resource and agricultural communities where it was most needed and welcomed, with people integrating into society while bringing their traditions and culture, but leaving their problems behind (1h31m44s).
• Canada has a history of integrating people from different backgrounds, such as Protestants and Catholics, who were able to put aside their differences and intermarry over time (1h32m10s).
• However, in the last nine years, foreign conflicts have started to spill onto Canadian streets, and efforts are needed to put an end to this and remind people that they are Canadian first (1h32m38s).
• A common sense of values and identity is needed, and people should be reminded that when they arrive in Canada, they are Canadian first, without the need for hyphens or a postnationalist state (1h33m16s).
• Canada should presume that it has a western identity founded on the principles of Western democracies, which can serve as a uniting ethos for people who come to the country (1h33m30s).
• There is a need to inculcate the values of gratitude for Canada's incredible history and to celebrate what people have in common, rather than dividing them based on their differences (1h33m58s).
• The obsession with race that has been reinserted by wokeism is not needed in Canada, and people should be judged based on their individual character and humanity, rather than their group identity (1h34m24s).
• This approach is actually the most unifying thing that can be done to bring the country back together, as it allows people to be judged as individuals rather than being divided into different groups and subgroups (1h35m24s).

How Poilievre has changed since last speaking with Dr. Peterson, “I’m more invigorated than ever before” (1h35m35s)

• Pierre Poilievre's vision is to restore the social contract in Canada, ensuring that young people who adopt responsibility and take risks can achieve success, and he believes he has the team in place to make this possible (1h36m19s).
• Poilievre feels that the intergenerational compact in Canada has started to fray, with young people feeling that even if they act responsibly and take entrepreneurial risks, success is unlikely (1h35m43s).
• He aims to change this by restoring the opportunity for every Canadian to have a chance at success, similar to the one he had as a kid, despite not coming from a privileged or wealthy background (1h38m11s).
• Poilievre has become a tougher person over the past 2.5 years, having withstood many challenges and punches while running for leader of the Conservative Party, and now feels stronger and more invigorated than ever before (1h37m45s).
• He attributes his resilience to having a clear mission and a strong sense of purpose, which he believes is essential for withstanding adversity (1h37m55s).
• Poilievre's personal background, having been adopted by school teachers and growing up in a normal suburban neighborhood, has driven his desire to restore opportunities for other Canadians (1h38m26s).
• He is committed to defending freedom of speech and has paid a personal and political price for standing up for his convictions, but remains unwavering in his commitment (1h39m32s).
• Poilievre will continue to discuss his plans and progress, including Canada-US relations, in a future conversation (1h39m54s).