Opinacat – Catalonia: Independence, to do what?

Up until today, the debate on the economic impact of an eventual independence of Catalonia has centered itself in an almost exclusive manner on two issues: the dividend that an end to the fiscal deficit with Spain would mean, and the cost of a possible boycott of Catalan products. These are, without a doubt, two important factors and they
must be taken into account when evaluating the economic profitability of independence. But the emphasis on these two issues reflects an attitude similar to that of a passive investor or stockholder who focuses solely on how their shares or dividends might increase or decrease after a business has changed hands. This attitude would contrast with that of the investor who is actively involved in a company, and who recognizes that they have been given an opportunity to have an influence, through their decisions, on the profits the company will generate and, thus, on the return on their investment.

In the case of an independent Catalonia, this opportunity means the possibility to design the institutions and regulations a new State from scratch, and it also means having at our disposal a wide array of economic policy instruments that are currently under the almost exclusive control of the Spanish Government and Parliament. This would
allow us to define our own policies and a new regulatory framework for the labor, fiscal and financial sectors, among others, as well as the functioning of all the areas of public administration, with no more additional restrictions than those coming from European regulations. Given the importance these decisions would have on determining how prosperous the new State would be (and thus, the attractiveness of the pro-sovereignty option), it would be a good idea to enrich the current debate with proposals that answered the following question: independence, to do what?

Read @ Opinacat