‘A publicly run financial system investing in worker-owned firms would be a truly brave vision for Scotland’s economy – but do we have politicians who can see beyond the doom-laden horizons of Capitalist Realism?’ asks Ben Wray in a review of Varoufakis’s first foray into fiction.
‘Many in the Yes movement support independence because they believe it offers a path towards a more progressive future. But the vision outlined in the Growth Commission delivers the opposite: it is difficult to conceive of an economic settlement better designed to ensure that government policy serves the interests of international finance rather than its own citizens.’
The issue of which currency an independent Scotland would adopt has gone on the back-burner. But with a new poll showing 58% support for indy it deserves to move to the front…Economist/statistician Richard Marsh urges a wider debate.
An independent Scotland could find a new dynamism which would improve its economic performance. But not overnight. A new currency would almost certainly start at a discount to sterling.
“Pro-independence commentators on the Left are angry that (the recent Sustainable Growth Commission report) appears to reduce an “independent” Scotland to a “vassal state” (h/t JRM) of the Bank of England, Westminster/Whitehall and Brussels.” Some comments from the right as well as the left on the Big Debate…
The SNP hopes its Sustainable Growth Commission report will restart the national debate on independence? Richard Murphy describes it as disastrous, the Fraser of Allander Institute sees much for all parties to discuss (with or without independence in mind). Ray Perman thinks it will be forgotten fairly quickly.