Mark Carney: belief

Transcript context

…As we’re talking in mid-May, Canada is doing a wonderful job catching up with vaccinating Canadians. That’s great. But if we think of the very slow initial procurement and the pretty slow initial rollout, is that telling us something about problems with state capacity in Canada, which we typically think of as a very well-governed nation, but is there anything we’re learning there? Absolutely. I think you put it well. Three things. One is, there’s a problem with state capacity in advance. We had inadequate vaccine production capacity. We didn’t have any; that’s the bottom line. We had inadequate supplies of PPE and arguably inadequate capacity in our healthcare system. As you well know, the less the capacity in your healthcare system, the riskier it gets, even small increases in infections. All of that was in advance. Secondly, in terms of — the track-and-trace system put in place in Canada is not really operable. It’s there in theory, but it is not an effective part of the pandemic response. Then thirdly, the vaccine rollout has been slow relative to the US and the UK. Now it is catching up. It’s very much catching up. Why did those go wrong? What’s the general problem or reconsideration about Canadian government? A lot of people think you’re better governed than a lot of places.…

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