Originally posted by jemb
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It's also the same mentality that keeps the banks in this country on life support, when they are arguably out of all proportion with what an intermediation sector would be in a healthy economy. Jobs may be lost if we don't all cough up and prop the banks up, but equally this deprives other sectors in the economy of the resources flowing to the banks. There's no solution to the issue that would not leave some parties dissatisfied, particularly within the confines of a majoritarian democratic system, however what would you suggest that Westminster do? It would still be stuck with a province of the country that is highly divided and even resentful towards the London political establishment.
Basically, it's in the Scots' best interest to ensure that if secession does go ahead, Salmond isn't in charge, so that someone with a clearer idea of how to maintain economic competitiveness post-secession is in charge. I don't think Scotland would necessarily become uncompetitive, but if the whole idea is to just fund everything with oil money, that is rather fanciful and vainglorious.
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