Cthulhu's Trilby wrote:mcgruff wrote:Which would still create better outcomes for everyone.
Why?
Basic economic literacy. Growth/contraction is not the most important thing: how the wealth is shared is more important.
In a society with great inequality, you can have "growth" which does not filter down to less wealthy sectors of society - indeed it may specifically happen at their expense. Or, if there is an economic contraction, that can be focussed on less wealthy sectors of society without affecting the richest to the same degree, if at all.
As numerous academic studies have shown, even the richest have better outcomes in more equal societies despite having less wealth of their own. We're a social animal. Thatcher got it flat wrong: there
is such a thing as society. Our individual success depends on creating a healthy, high-functioning society.
An independent Scotland which determined to create a fairer society would in time benefit from a significant equality dividend (eg lower healthcare costs, lower crime, etc etc) which itself might offset reduction in other national income but even if it did not, and the economy shrunk a little overall, greater equality (given a starting point of significant inequality) can still create better outcomes for everyone, rich and poor.
Cthulhu's Trilby wrote:Is oil going to stay low for ever? Nobody told me.
No, it's going to dry up all together. But that doesn't address my point. An independent Scotland would have needed money short-term. That's why Salmond was so keen to emphasize oil revenue.
Independence is a long-term question. Why is that so hard to understand? The specific problems of the day will largely be forgotten in 10-20 years time.
Cthulhu's Trilby wrote:I can't believe the amount of anti-Scottish crap there has been in this thread - and ongoing. Oil income might be nice to have (if it wasn't for AGW) but it's not that relevant to the question of independence, as has already been explained.
It's not anti-Scottish to point to potential problems, as has already been explained. Ad nauseum.
Not if that were done in a fair and reasonable manner, with a sense of perspective which neither exaggerates nor plays down the issue in question. However...