Alone, Scotland will go back to being a failed state

This is an opinion item.

Author(s)	Niall Ferguson
Source	The Daily Telegraph
Date	September 17, 2014
URL	http://www.telegraph.co.uk/news/uknews/scottish-independence/11102126/Scottish-referendum-Alone-Scotland-will-go-back-to-being-a-failed-state.html
Quote	As in every heavy industrial economy, Scotland’s coalmines, steelworks and shipyards were bound to be shuttered or shrunk in our time. Pittsburgh, Essen and Turin did not fare much better than Glasgow. Yet somehow the story took root that Scotland’s economic restructuring was all the fault of the arch-bampot Margaret Thatcher. And then came Alex Salmond with his fairy tale that an independent Scotland could become a Scandinavian paradise. Hardly any Yes voter appears aware that Sweden turned away from egalitarianism long ago. None of them seems to ever have bought an eye-poppingly expensive drink in Norway, much less seen a Danish tax bill.

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This item argues against the position Referendum should pass on the topic Scottish independence referendum, 2014.