NYU Stern professor, entrepreneur, and political-economic commentator Scott Galloway is making a much bigger claim about Prime Minister Mark Carney than simply saying the Canadian leader is handling President Donald Trump well.
During a panel discussion focused on Canada’s accelerating alignment with Europe, Galloway raised the prospect of Carney becoming a Person of the Year-type figure, entering the conversation for a Nobel Prize, and potentially emerging as the second most powerful person in the world.
“We’re in the midst of superpower suicide,” Galloway said.
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His argument is that the US is weakening its own influence by pressuring allies that historically built their trade, security, and investment systems around Washington, creating an opening for countries including Canada to build deeper alternatives elsewhere.
The September 17 episode of Raging Moderates, hosted by Galloway and Jessica Tarlov, centered on what the show described as Canada’s new European alliance and the deteriorating Canada-US relationship.
The immediate backdrop is Carney’s continued attempt to deepen Canada’s relationship with the EU. Canada and Europe have been discussing closer cooperation in defence, critical minerals, energy, artificial intelligence, computing, financial services, payments, and digital trade.
Canada has also moved toward greater participation in European defence infrastructure as Ottawa attempts to reduce strategic dependence on the United States.
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That does not mean Canada is economically leaving the US. The American market remains overwhelmingly important to Canadian exporters, and the two economies remain connected through manufacturing, energy, agriculture, finance, and deeply integrated supply chains.
US goods and services trade with Canada totaled US$872.3 billion in 2025, according to the Office of the US Trade Representative.
Canadian merchandise exports also remain heavily concentrated in the US, even as Ottawa attempts to broaden its customer base.
That is what makes Carney’s strategy consequential. Canada does not have to replace the American economy for diversification to matter. Future defence contracts, energy infrastructure, mineral-processing investments, technology partnerships, and capital spending can gradually move toward Europe without dismantling existing North American trade.
Galloway’s praise is rooted in a broader criticism of American foreign and economic policy. He has previously used the phrase “superpower suicide” while arguing that the US risks weakening the alliance network that helped underpin its postwar economic and geopolitical power.
In the Carney discussion, the implication is that the Canadian prime minister is benefiting from that vacuum.
Carney entered politics with an unusually international résumé. He previously served as governor of both the Bank of Canada and the Bank of England and chaired the Financial Stability Board. The UK government described him when appointing him to the Bank of England in 2012 as exceptionally experienced in central banking, international economics, and financial regulation.
That background has given Carney relationships across European financial and political institutions that most newly elected leaders would take years to develop.
Galloway’s argument appears to be that Carney is now converting that institutional credibility into political leverage.
6 Responses
He is destroying our economy. He doesnt respect democracy or our parliament. He lied to us when he was campaigning and everyday after. A lot of polls are paid for by his government as is our state media. Probably the poll you referred to was by a well paid Liberal pollster. Many many industries are failing, closing or.mo ing to thr US because he refuses to get a deal with the US because he despises the US and would prefer China as the super power. No one knows what was in the deal he walked away from. 4 days before Ursula announced Canada as a potential associate member of the EU he denied in the press that that was a possibility. He only wants Canada to align with Europe because his next move is to head the EU aka the New World Order. Conflicts of interest abound with this charlatan. Most of his investments, over 500, are in the US so when our industries move south it doesnt affect him. In fa t, he might benefit. He isnt invested on Canada whatsoever but he is invested in Brookfield and himself. He is the worst thing that has ever happened to Canada and we may not recover. A quarter of anadians have food insecurity and are $200 away from insolvency. 4 million people are.visiting foodbanks. Our immkgration is out of control. No one wants to invest in Canada because of many things but a big one is the uncertain relationship with the US that everyone wants a piece of except Mark Carney’s Canada. You know Mark Carney is lying when his lips are moving.
Hahhahahah, why don’t you give a reasonable argument interspersed with facts to back up your claims. Then people may listen to what you are saying. But just yelling accusations is meaningless. He stated we would not become a full member of the EU and that is true. Claiming that the polls are lying is also a fabrication. He has substantially cut immigration so at least get your facts straight. I am willing to listen to criticism of any Prime Minister but only when it is based on sound arguments and true points not your blathering nonsense that doesn’t serve any purpose but make non thinking people scared and angry, until they take a breath and realize your statement is about nothing.
Right on, also Mark Carney has attracted attention as a Nominee for the Nobel Peace Prize.
The person who is doing all the blistering and lying and trying to divide Canada is Pp If he was leader we would already be singing the star spangled banner. He wants deals with the USA no matter what. Even his mentor Harper who is head of the idu supports carney’s diversifying away from the USA. To have a deal with the USA at the cost of them controlling who we can trade with or whether we are a two language country is not worth it. I don’t think PP understands that infrastructure and trade are the most important issues that need to be addressed before anything else and these issues came about from decades of neglect by both parties And their dependence on the USA.
Yes. You have provided an excellent overview of the real Mark Carney. I am concerned about what will happen to Canada over the next years with the globalist Mark Carney in charge.
Are you kidding me right now this prime minister is worse then trudeau he has canada in a position to a point of no return in all area cost of living, housing,work, health care just to name a few and the worse part is he using money to mask or attempt to mask all those problem and giving million and billion in some country to make himself look good you guys better rethink this