Quote:
Originally Posted by jfman
A legitimate question for the voters of Wales, yes. However if the voters of Wales voted for ideological reasons - 'taking back control' over economic ones then that is absolutely their perogative to do so.
Fundamentally, the UK makes economic decisions that (by it's own calculations) leave very few of the nations and regions as economic contributors. Wales, and other parts lagging behind on GDP per capita, will never make up the difference in the current constitutional settlement because there's no incentive for London to do so.
|
It's also our prerogative to ask rather than handwave it away. If Welsh Nationists want to 'take back control' at a significant economic cost then they should be honest about that state what will be cut or how they'll make up that huge spending disparity.
Both the Scottish and Welsh economy would adjust and make different economic decisions to reflect their newly independent nations but that will take time and it's not certain they'll reach the same levels of wealth. Some small nations manage to do it better than others.
Wales is a country of 3 million people. How would it adjust its economy to Independence? Is Wales going to turn Cardiff into a Singapore? Maybe the European Silicon Valley? And if so how is it going to do that whilst competiting against London & Dublin?