# Why Carney's state-directed capitalism won't end Canada's technical recession

Page: https://stenobird.com/podcast/hub-podcasts-4932773/why-carney-s-state-directed-capitalism-won-t-end-canada-s-technical-recession
Text version: https://stenobird.com/podcast/hub-podcasts-4932773/why-carney-s-state-directed-capitalism-won-t-end-canada-s-technical-recession.md
Podcast: [Hub Podcasts](https://stenobird.com/podcast/hub-podcasts-4932773)
Published: 2026-05-29T18:08:38+00:00
Episode link: https://shows.acast.com/hub-podcasts/episodes/why-carneys-state-directed-capitalism-wont-end-canadas-techn
Audio file: https://sphinx.acast.com/p/open/s/69cc1a3992d007a7658eee4e/e/6a19c689175cc677927038fd/media.mp3
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JSON: https://stenobird.com/v1/public/podcasts/hub-podcasts-4932773/episodes/why-carney-s-state-directed-capitalism-won-t-end-canada-s-technical-recession
Duration seconds: 1423

## Resource

Rudyard Griffiths and Sean Speer discuss Statistics Canada's announcement that Canada is in a technical recession, examining the structural weaknesses behind two consecutive quarters of economic contraction. They critique the Carney government's approach of state-directed capitalism focused on energy and mining, arguing it neglects the broader tax and regulatory reform needed for economy-wide growth. In the second half, they dissect and fact-check Prime Minister Carney's speech at The Economic Club of New York. They also examine his use of the term "strategic autonomy," questioning whether this signals a radical shift toward economic isolationism that contradicts Canada's identity as a trading nation. If you are enjoying the free version of the Hub Roundtable, subscribe to become a Hub Hero or Fellow to access the full version every week: https://thehub.ca/join/ The Hub is Canada’s fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer and Editor Rudyard Griffiths and Sean Speer - Hosts Hosted on Acast. See acast.com/privacy for more information.

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## Transcript

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