menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Terence Corcoran: Mark Carney’s new military-industrial complex

51 0
20.02.2026

Share this Story : Financial Post Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Terence Corcoran: Mark Carney’s new military-industrial complex

Ottawa appears to have been gripped by ‘military Keynesianism’

You can save this article by registering for free here. Or sign-in if you have an account.

In his farewell address as president of the United States in 1961, Dwight D. Eisenhower, who as an American general oversaw the Allied liberation of France and Germany to end the Second World War, delivered a post-war warning to his people.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.

Daily content from Financial Times, the world's leading global business publication.

Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.

Daily content from Financial Times, the world's leading global business publication.

Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.

National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

“In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defence with our peaceful methods and goals so that security and liberty may prosper together.”

Who would have imagined that 65 years later Canada — dedicated to peace, order and good government — would begin creating its own version of the military-industrial complex. Liberal Prime Minister Mark Carney now sees the military as the foundation of a “Defence Industrial Strategy” that will help propel the Canadian economy.

Get the latest headlines, breaking news and columns.

There was an error, please provide a valid email address.

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

A welcome email is on its way. If you don't see it, please........

© Financial Post